What is SeeSaw Protocol: Everything You Should Know About SSW

That implies that just by keeping your Seesaw tokens in your wallet, you will earn extra Seesaw tokens. Tokens such as Seesaw are used to facilitate transactions within the Seesaw Finance ecosystem. They may be traded and farmed on both decentralized and centralized exchanges on the Binance Smart Chain, the Polygon Blockchain, and Ethereum. SeeSaw seesaw protocol contract address is a multi-chain, decentralized, non-custodial ecosystem of DeFi products, protocols, and use cases that is built on top of the Ethereum blockchain. The Seesaw Token will be distributed on the Binance Smart Chain, Polygon, and Ethereum blockchains. STX token holders can also stack (rather than stake) their tokens to earn Bitcoin (BTC).

  • However, one particular coin (XRP) failed to break its all-time high price of $3.84 which was set all the way back in 2018.
  • Following its launch on PancakeSwap, Seesaw (SSW) intends to lock in liquidity.
  • The Seesaw Protocol can help holders find the best cross-chain transfers at the lowest prices.
  • The ability to meet, interact, and socialise with other people in an online space is not a new concept given the vast popularity of social media and virtual reality.
  • What distinguishes Stellar from other cryptocurrencies is that its coins (lumens) are not intended to hold value in and of themselves.
  • Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.

Users can transfer their crypto assets between multiple chains with virtually no commission using the Seesaw Protocol (SSW). The most popular chains will be supported, including Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH). The Stacks token (STX) is used to power the platform, which is used to execute smart contracts, process transactions, and register new digital assets on the Stacks 2.0 blockchain. However, high transaction fees on the Bitcoin (BTC) and Ethereum (ETH) blockchains have been known to skyrocket due to congestion, like with fiat-based solutions. The final pre-sale phase ended on April 8 as the developers raised $29 million.

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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 https://www.xcritical.com/ in a short period of time. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.

what is seesaw protocol

The new interest in SeeSaw Protocol, which is now in its presale stage, has a lot of people thinking about this coin. In this essay, we will strive to address every question, from the perspective of a novice to that of a seasoned investor. Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits.

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Seesaw is a decentralized platform that is owned and operated by its own dynamic community. They accept and embrace a variety of viewpoints in order to make Seesaw the finest crypto community possible. Seesaw is especially interested in a practical strategy that links sound artificial intelligence technology with world-class instructional practices.

People who were stuck at home for months on end, either working from home or on furlough, had time to study the ever-growing industry that is cryptocurrency. With 2022 looking set to be another massive year in the world of cryptocurrency, it will be interesting to see how projects like Ripple (XRP) and Seesaw Protocol (SSW) play out. With XRP’s current price of just $0.81 some may believe that it may be undervalued but only time will tell. This content is for informational purposes only and not intended to be investing advice.

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According to our historical data, it is currently not profitable to invest in Seesaw. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 37.02, which indicates that the SSW market is in a neutral position.

what is seesaw protocol

While compared to traditional popular monooscopic viewing medium, each eye is provided with a slightly different viewpoint when seeing in stereo. Children must be prepared for a future in which the internet of money will have a much greater influence than it does today. When trying to make a Seesaw forecast, many traders also try to monitor the activity of SSW “whales”, which are entities and individuals that control large amounts of SSW. Since the Seesaw market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Seesaw’s price movements. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SSW price. Seesaw traders use a variety of tools to try and determine the direction in which the SSW market is likely to head next.

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This article will explain what Seesaw is and whether it is a good strategy to invest in it for the long term. So you’re celebrating the scammers behind this token simply raising the price? This makes zero sense when the token doesn’t exist and not one single person has a contract address so there will not be a single person who will receive their pre purchased token. The 200-day SMA is calculated by taking Seesaw’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Based on multiple technical quantitative indicators, the current forecast for Seesaw in 2023 is bearish. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Seesaw or not.

If the SSW price moves above any of these averages, it is generally seen as a bullish sign for Seesaw. Conversely, a drop below an important moving average is usually a sign of weakness in the SSW market. The Seesaw price prediction on CoinCodex is calculated using the historical Seesaw price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.

Why are investors interested?

The RSI (Relative Strength Index) 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. Seesaw Protocol (SSW) shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions. Another great feature of the decentralized crypto is that it aims to be a multi-channel DeFi platform, which allows its investors to bridge between Ethereum (ETH), Polygon (MATIC) and Binance (BNB).

what is seesaw protocol

On April 14th, the tokens experienced their all-time high price, trading at $0.46. Typically, performing transactions on other blockchains with a different cryptocurrency requires using a cryptocurrency exchange platform. Naturally, the DEX platforms demand a crypto conversion or exchange fee which can cost astronomically for transactions of higher value. Seesaw Protocol aspires to be a cryptocurrency designed to bridge multiple blockchains, solving an important interoperability problem within the emerging field. Its creators claim that SSW is going to bridge the Binance Smart Chain with Ethereum and Polygon . Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains.

The Seesaw Protocol Explained

Litecoin got perks from altcoin boom previous year reaching its peak of $410.26, but has slipped down the cliff heavily, and was trading at a market value of $112.83. With the demand for faster, cheaper, and cross-chain transactions, Seesaw Protocol appears to be in an ideal position to challenge the top two and generate enormous value for holders. I looked at their website and they have just started their presale stage.The project looks interesting and just waiting to see how this goes.They have bonuses for getting in early. Once you’ve done that, you can use Seesaw’s Proactive Market Maker (PMM) algorithm to create a flexible and efficient market for trading the pieces. Divide the Seesaw NFT Vault into parts and create fungible tokens to represent each of the components.

What is SeeSaw Protocol: Everything You Should Know About SSW

Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. The first pre-sale period for the Seesaw token ended in February, while the second phase ended on March 25. The SSW Tokens channels multiple blockchains and facilitate delivering value to their proprietors at preeminent rates like standard currency exchange. By retaining its 3% fixed fee on token utility and retaining the transparency of exchange at better rates, the protocol aims to bridge various crypto blockchains in the market. After the huge successes of 2021, in which almost every coin broke through to reach new all-time highs, it is not a surprise that many people are rushing to create new projects.

The alarming rate by which the SSW Tokens are rising in value has certainly drawn speculations from the crypto community. While some are advising caution, others are waiting to gain more knowledge regarding the project. It is because the SSW protocol initially didn’t even have a Whitepaper mentioning its Proof of Concept. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.

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