Cryptocurrency Weekend: Phantom (FTM) and Ethereum (ETH) down, Seesaw Protocol (SSW) up
According to Analytics Insight
March 8, 2022
With the advent of crypto, investors are looking for more profit and stability
March 2022 was mixed for cryptocurrencies. As the Vladimir Putin army continues to attack, as in other parts of the world, crypto investors have turned their attention to what happened in Ukraine.
Since the beginning of last week, the market capitalization of cryptocurrencies has dropped from $ 1.95 trillion to $ 1.74 trillion at the time of writing. This is an 11% reduction, and this effect is fully felt. More than half of the top 50 tokens, including Dogecoin (DOGE), Polygon (MATIC) and Decentraland (MANA), have been in the red in the past week.
The featured crypto release, Seesaw Protocol (SSW), is gaining attention in the area of pre-sale. It will continue to orbit upwards over the weekend and will continue for another month until launch. Things like Fantom (FTM) and Ethereum (ETH) weren’t very lucky.
Phantom (FTM)
After becoming an almost permanent fixture in the top 30 cryptocurrencies, Fantom (FTM) has fallen to 35th place at the time of writing. Market capitalization fell to $ 3.65 billion and prices fell 10% last week.
The 2022 high of $ 3.36 is almost 60% off the current price of $ 1.45. This is explained for several reasons. First, the market is generally down. Second, the news of the departure of some major personnel broke. Up to 24 staff members related to the project were reportedly left on the weekend of March 7.
Nevertheless, expectations for Fantom (FTM) are high. Edul Patel, co-founder and CEO of Mudrex, believes DeFi is the future. “
Ethereum (ETH)
It has been confirmed that Ethereum’s proud upgrade will finally take place this summer. ETH 2.0 is expected to move to Proof of Stake and from Proof of Work. Ethereum 2.0 should be much faster and safer than current iterations. The important thing is to lower gas prices. These are notoriously high and can be offensive to new investors.
The current price of ETH is $ 2633, almost 7% lower than it was a week ago. Vitalik Buterin’s confirmation that the upgrade will take place this year should have a tremendous effect on the price as people are trying to get into what is perceived as low price.
Seesaw Protocol (SSW)
The Seesaw Protocol (SSW) has skyrocketed by more than 2350% since the launch of pre-sale on January 25th. SSW is still in the pre-sale stage, and as a result, it can only be priced up from now to launch, so it is not affected by the forces that dominate the rest of the market.
The majority of the presale is still around 30 days, and if the current uptrend of 2% per day continues, the SSW could easily exceed $ 0.2. As the DeFi protocol grows in popularity, now can be a great opportunity to release new and highly promising projects.
Please enter the 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
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