A number of major cryptocurrencies have fallen in value during the previous week. Putting a strain on the cryptocurrency market.
Others have defied market expectations and racked up gains of double digits over the preceding week. A 37% rise in the price of Apecoin (APE) brought it to $16.56. While the price of Monero (XMR) rose by over 20% to $273.83.
It’s interesting to note that the value of a relatively new coin, Seesaw Protocol (SSW), has risen. By almost 6,000 percent since its issuance. The SSW token price increased from $0.005 to $0.306 during the presale. What’s causing the quick rise?
Is ApeCoin (APE) a Good Investment?
One of the biggest winners in 2022 could be ApeCoin (APE). In light of the current gloomy outlook for the crypto-finance industry, seeing a coin’s value soar is thrilling.
The early success of the APE project was inspired by the Bored Ape Yacht Club. It is one of the most successful NFT ventures to date.
It’s been less than two months since ApeCoin’s creation. Yet investors are still amazed by its daily price swings of several percent.
During the last two weeks of March 2022, APE hit a new all-time high of $39.40. This is due to a resurgence in the crypto finance sector. It is now the 33rd most valuable coin in terms of market capitalization, with a current price of $16.75.
Can the Price of Monero (XMR) Keep Rising?
One of the world’s first privacy currencies was launched in 2013. It is called Monero (XMR). The importance of privacy cannot be overstated today. A result is that one of the most commonly utilized digital currencies, Monero.
You don’t have to worry about your personal information being used in connection with a Monero coin transaction. Thanks to advanced encryption mechanisms employed by Monero. The Monero blockchain is able to transmit and receive transactions in a way that protects sensitive data.
The XMR coin has created profits for its early investors of more than 100x by rising to new heights. Additionally, on May 7th, 2021, the coin’s value reached a record high of $517.62. Resulting in a profit multiple of 200. At the current price of $276.50, XMR currency has a lot of room for growth.
The Capacity of Seesaw Protocol
The Seesaw protocol (SSW) was only just made available for use. It is only now that the crypto token’s adventure begins. A lot is expected from this emerging star in the bitcoin world. SSW went live in early April following a record-breaking pre-sale that saw the token rise from $0.005 to $0.306. Having a gain of almost 6,000 percent.
It is a non-custodial decentralized ecosystem of DeFi products, services and use cases. That spans numerous chains that uses the Seesaw Protocol protocol. A previously inaccessible level of choice for bitcoin traders is now available to investors. They can choose the blockchain on which their transactions will take place. In addition, it can be used in the Metaverse and NFTs, as well.
Why Is Seesaw Protocol So Special?
Using bridges, the Seesaw protocol connects the Binance Smart Chain (BSC), the Ethereum (ETH) and the Polygon networks (MATIC).
The Seesaw Protocol promises to leverage the power of decentralized finance. This is to create an immersive Metaverse empire. In addition to providing basic DeFi capabilities.
There are a variety of technologies involved. Including as live streaming multimedia, immersive audio, virtual and augmented reality, artificial intelligence, gaming, and haptic feedback.
The 3% transaction purchase fee is distributed to all users. As a reward to holders of the Seesaw Protocol. If you have the SSW token in your wallet, you can claim these benefits.
A portion of the marketing budget for Seesaw Protocol will be donated to the Education Fund. Which helps educational institutions all over the world. Funds from this fund will mostly be utilized in developing countries. It is for them to cover the expenses of resources needed to offer necessary education.