In the sea of things to put your money into, cryptocurrencies have seen a lot of interest from investors due to their lucrative nature. A high-risk investment draws the attention of so many people around the globe. Seesaw news…
If you are conversant with the concept of cryptocurrency, you most probably have heard or come across words like Bitcoin (BTC) or Ethereum (ETH). These two crypto tokens have been dominators of the crypto sphere. They are more or less the superior tokens on the market as they have a combined preeminence of 60% of the market.
This drop has shown that their dominance may be waning. Although they are still the go-to safe options for investors, they are relinquishing their powers slowly to other up-and-coming tokens, and these Altcoins are moving in fast to establish some equilibrium.
Solana (SOL), Polygon (MATIC), and Seesaw Protocol (SSW) have proved themselves as excellent alternatives for investments right now as the prospects of these projects seem widely positive and might get shareholders to strike gold.
Solana (SOL) has been an absolute sensation and has rewarded its enthusiasts repeatedly. All through the year 2021, Solana moved up a whopping 10,000% and was dubbed the “Ethereum killer.” 2021 saw success in the crypto world, and Solana, amongst other big coins, made the headlines and presented investment in cryptocurrency to be a much more attractive venture.
Solana’s smart contract has the edge over many others as, in comparison, its network is way more efficient, quick, and very much cost-effective and has become a regular use amongst traders. The functionality of the smart contract will enable it to implement Decentralised Finance solutions and possibly compete with the Ethereum network by featuring better, quicker, and more cost-effective transactions.
Solana has also diversified and has taken to the NFT path and is fast gaining recognition. Solanart, its NFT platform, has gathered some attention and is well known for its ease of access and its very affordable fees.
The Polygon network’s primary objective is to tackle and solve the problem that comes with the congestion of the Ethereum network. In the case of Polygon (MATIC), it is classified as a layer 2 blockchain, and it is designed to enable decentralised application developers to escape the high gas fees that are imposed on them (DApp).
The Polygon Network’s lower fees are paid for with MATIC, the native coin of the Polygon Network. Additionally, NFTs on the Polygon chain are gaining a lot of popularity. Since the beginning of 2021, the number of transactions has increased by 7000%, reaching 8.9 million in June 2021.
Seesaw Protocol (SSW)
An entirely decentralised multi-chain DeFi platform, Seesaw Protocol (SSW) aims to revolutionise the cryptocurrency market in both the short and long term. SSW allows you to join the BNB chain and bridge the Ethereum (ETH) and Polygon (MATIC) networks, allowing users to perform transactions on the most efficient blockchain.
Regarding the often clogged-up Ethereum network, the smart contract of this token aims to provide a much better, hassle-free solution by simply linking up all the major exchange networks, from BSC to Polygon and Ethereum. Users will be able to utilise SSW tokens to cross-link and build bridge access to all three networks quickly, and this will help boycott the hefty fees and make transactions significantly easier.
As much as the BTC and ETH are safe options and are the go-to tokens, there appears to be a paradigm shift. Slowly switching allegiances would begin to occur soon as Altcoins are making a move on the market to establish themselves as a stronghold.
Solana (SOL), Polygon (MATIC), and Seesaw Protocol (SSW) are the ones to watch.