Considering the records that cryptocurrencies broke in 2021, much was expected of 2022. To this point, the first quarter has on the whole failed to deliver. Bitcoin (BTC) is the case in point. After reaching an all-time high of $68,789.63 in November 2021 (figures taken from leading listings platform, CoinMarketCap), BTC slipped.
Its lowest point over the last 90 days is a touch over $33k, which is 40% down on its peak. Towards the end of 2021, the total global market cap of all cryptos was $2.3 trillion. There was a sharp drop off of 25% in January and it has only briefly reached the all-important $2 trillion mark a few times since. Despite this drop-off, there is light to be found, and money to be made in cryptocurrency.
There are many cryptocurrency projects on the up both inside and outside the top 10, as well as those not yet launched. Seesaw Protocol (SSW), which remains in its presale phase, has got tongues wagging in the crypto-space. Established giants that also warrant our attention include Ethereum (ETH) and Cronos (CRO).
Cronos (CRO) has been making a name for itself for several months now. The team behind CRO, crypto.com, signed a $700 million deal to rename the world-famous Staples Center and another $100 million to be a part of Formula One. The company’s mission upon its launch in 2018 was to “accelerate the world’s transition to cryptocurrency.”
In terms of CRO itself, it has rallied after a tough start to 2022. It remains 58% down on its ATH, which was hit towards the end of November 2021. It has risen by almost 5% in the last week. CRO could be considered a worthy investment due to the power that crypto.com has within the industry, and its native token could reflect the strength of the market as a whole.
Ethereum (ETH) is an industry giant and is only behind BTC in terms of market capitalization. Near the end of 2021, ETH was worth over $4000. At the time of writing, however, ETH is priced under $3000.
With the scheduled upgrade of its system, titled ETH 2.0, overdue for launch in 2022, analysts believe that Ethereum could beat its all-time high of $4891 and even surpass $6000-7000.
Seesaw Protocol (SSW)
Seesaw Protocol’s (SSW) record-breaking presale continues on, midway through its Second Phase. There are now just over 3 weeks until the project is released onto PancakeSwap. In the time it has been in presale SSW has flown from $0.005 to $0.13.
It has been well-publicized that SSW will form a multi-chain bridge from the Binance Smart Chain (BSC) to and from the Polygon (MATIC) and Ethereum (ETH) networks. On its presale page, the team behind SSW talk about their plans to make a mark in the Metaverse, “Seesaw will harness this (the Metaverse) to enhance traditional learning techniques, with memorable experiences that engage and inspire.”