Whilst it’s almost certain that major crypto projects will recover from this latest dip, it’s always heartbreaking seeing your investments in the red. Seasoned investors know exactly what to do when the crypto market experiences a crash; they take their money and put it into projects that can’t lose value. On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months.
Tezos has similarities with Ethereum in that its blockchain is based on smart contracts. Where it differs is in the creators’ claims that it could offer a more advanced and more adaptable infrastructure. It has billed itself as “the last cryptocurrency” and claimed to be “secure, upgradable and built to last”.
How much does Seesaw cost in 2024?
Seesaw traders use a variety of tools to try and determine the direction in which the SSW market is likely to head next. These tools can roughly be divided into indicators and chart patterns. Value is locked in the project currently as it is still in its presale stage, meaning that investors avoid the panic sales seen across the other projects. In fact, investing in Seesaw Protocol right now could be one of the best things you could do for your money.
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Seesaw Protocol (SSW) Presale: Will It Compare to Filecoin and Tezos?
In simple terms, the more people you refer and the longer you hold, the more your investment will increase in value. Another risk is that there is a high probability that the platform will not be successful, considering that the mainnet has not gone live. As part of the roadmap, the developers intend to launch the SeeSaw multi-chain bridge and swap in the year’s second quarter.
- A small percentage of this fee is then distributed back to current holders.
- Because of this, the price of the token can only increase whilst in its presale or ICO stage.
- Seesaw Protocol provides its holders with incredible incentives to hold long term.
- Seesaw Protocol shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions.
- Fortunately, the Seesaw Protocol will launch in three days on April 8, with substantial liquidity of over a million.
- Seesaw Protocol is the crypto that everyone is talking about because it has had almost a 2250% increase in value since it began in mid-January 2022.
The SSW price has dropped sharply to about $0.4060, close to its lowest level on record. This article will explain what Seesaw is and whether it is a good strategy to invest in it for the long term. The future of Seesaw is highly dependent on the overall performance of the crypto industry. When it comes to investing in SSW, you need to make sure that you are using the right strategy. This type of investment is not suited for those with an asymmetric risk profile.
He has also contributed widely in leading websites like rkdream.com, SeekingAlpha, iNvezz, DailyForex, and BanklessTimes. However, it’s important to consider both technical factors and fundamental factors (on-chain activity and development) before making the decision to buy Seesaw or not. Seesaw Protocol is the crypto that everyone is talking about because it has had almost a 2250% increase in value since it began in mid-January 2022.
Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. The purpose of a moving average is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average and exponential moving average .
SeeSaw Protocol (SSW) sees a massive price rise in 2 weeks!
However, its trading volume is only about $30,000, making such a significant increase in trading volume have less impact on the markets. Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Just like with any other asset, the price action of Seesaw is driven by supply and demand.
Some traders use different moving averages than the 50-day and 200-day SMAs to define death crosses and golden crosses. However, all definitions include a short-term SMA crossing above or falling below a long-term SMA. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong. Kelvin Maina is a computer science graduate who has a passion for cryptocurrencies. In 2017, he became professional crypto and Forex technical analyst for CryptoPolitan and in 2022, he joined InvestingCube.com.
The Seesaw token is the utility token of the Seesaw protocol ecosystem. Holders of the tokens can use them to connect between the three blockchains to find the quickest and most reliable network at any given time. Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains. It currently runs on the BNB Chain with plans to also run on the Ethereum and Polygon blockchains.
The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Seesaw. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. Many cryptocurrency traders pay close attention to the markets when the current Seesaw price crosses an important moving average like the 200-day SMA. You can predict cryptocurrency prices by considering both on-chain and off_chain metrics, as well as technical indicators that take into account Seesaw’s past price performance. Another tool you can use is to gauge the market sentiment to see whether investors are optimistic or pessimistic about Seesaw.
These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SSW. The market capitalization of Seesaw can change significantly in a short period of time. Most traders use candlestick charts, as they provide more information than a simple line chart.
Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SSW price. Currencies that are positively correlated with Seesaw indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Seesaw, a move in one direction for Seesaw would translate into a move in the opposite direction for the negatively correlated coin. The most recent Death Cross in the Bitcoin market happened 70 days ago, on Oct 26, 2022. Comparing Seesaw against other important technological innovations and trends is one way of predicting where the Seesaw price could head over the long term.
Seesaw Price Forecast For Tomorrow and Next Week Based on The Last 30 Days
However, it is still an excellent investment for those who have a high tolerance for risk and a solid financial position. In addition to its speculative nature, SSW also offers exposure to a global technology and an ever-growing ecosystem. In terms of price, Seesaw has an outstanding potential to reach new heights. According to specific experts and business analysts, Seesaw can hit the highest price of $0.012 till 2030. In the past 24 hours, the crypto has been decreased by 0.06% in its current value.
What will the price of Seesaw be next month?
Every investment and trading move involves risk – this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision. The fact that the project is backed by an anonymous team https://xcritical.com/ is also concerning to some people. Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date. SSW can be traded and farmed across the Binance Chain, Ethereum, and Polygon blockchains.
CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap. Get latest crypto prices, predictions, news, and historical data for Bitcoin and thousands of altcoins. However, what is clear is that today’s bullish trend is likely to end soon.
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On April 14th, the tokens experienced their all-time high price, trading at $0.46. Another reason why the Seesaw protocol has increased in recent days is fear of the mission . Most investors who have looked at the Seesaw Protocol have noted its market potential. Unfortunately, this has led them to panic buying the token on the presale market due to speculation on how much it may be worth on open markets.
Each candlestick will display SSW’s opening price, closing price, as well as the highest and lowest prices that Seesaw reached within the 1-hour period. In addition to the simple moving average , traders also use another type of moving average called the exponential moving average . The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.
Therefore, my long-term outlook for the Seesaw protocol is a continued trade to the downside. In April, when the protocol was being offered in presale, there was a lot of optimism that the project would continue its growth throughout the year. Naturally, many investors were willing to pay a king’s ransom to get their hands on the project.