2021 was an unprecedented year for almost all of the financial sector. Investments in the traditional stock market saw above-average returns against the continuing backdrop of the COVID-19 pandemic. According to Forbes, the S&P 500 gained 26.9% for the year. The Nasdaq returned 21.4%, and the Dow Jones was up 18.7%.
When it came to cryptocurrency, however, these returns seem small by comparison. Perhaps the most famous example of a gigantic ROI was seen by the meme coin Shiba Inu (SHIB), which returned more than 74,000,000% from the beginning of 2021 to its all-time high later that year.
Although SHIB remains in the top 15 cryptocurrencies when ranked by market cap, most investors opted to put their money in what are considered to be more stable investments; Bitcoin (BTC) and Ethereum (ETH). An alternative source of stability is investing in presale projects, such as the very promising Seesaw Protocol (SSW).
Bitcoin (BTC) is Still King of Cryptocurrency
Bitcoin (BTC) is the undisputed king of cryptocurrency. It is over 12 years old and has been established atop the tree for almost this entire time. Thanks in part to the popularity of Bitcoin, there are now more than 18,000 cryptocurrencies on leading listings platforms like CoinMarketCap. BTC has decreased in dominance as a result but still maintains more than 40% of the market share.
Over the past seven days, Bitcoin has been up more than 12% and is currently valued at around the $43600 mark. This is a far cry from its all-time high of $68,789, reached in November 2021. Despite this, $43k could be considered a decent recovery from the recent low point of under $35k.
Can Ethereum (ETH) Close the Gap on BTC?
Ethereum (ETH) has been around for almost seven years and is well established as the world’s second-biggest cryptocurrency. Some optimistic analysts believe Ethereum could soon bridge the gap between itself and Bitcoin, partly due to the ongoing boom of NFTs and the burgeoning popularity of DeFi (decentralized finance) projects.
Like its rival Bitcoin, ETH is considerably down on its ATH. 2022 promises big things for ETH though. The long-awaited release of ETH 2.0 could make the price explode and even potentially double. These upgrades should solve the criticism of the exorbitant gas fees and frequent congestion on the ETH network.
Will Seesaw Protocol (SSW) Continue to Make a Splash?
Taking money out of the big two and into smaller projects became a hugely profitable method in 2021. Almost every altcoin saw new peaks and increased exponentially. Going into 2022, this is still the case. A new release that has made headlines already is Seesaw Protocol (SSW). As SSW is still in its presale period, its price can only increase until its launch on April the 8th. After this time, it could continue to go up and up, as is often the case with new cryptocurrencies.
SSW began at $0.005 and has gone past the $0.114 mark at the time of writing. This constitutes a rise of over 2000% in 6 weeks, and with more than five weeks left, there is still ample time to invest in the presale should you wish to do so.
Enter Presale: https://presale.seesawprotocol.io/register
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
Disclaimer:
The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto/NFTs are unregulated, highly risky, and there may be no regulatory recourse for any loss from such transactions. Readers to exercise caution/due diligence, and comply with all applicable laws, including but not limited to taxation laws. Above content does not constitute investment advice nor promotes, suggests or presents Crypto/NFTs to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity.
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