Seesaw Protocol (SSW) successfully launches as Ethereum (ETH) and Solana (SOL) falter

Seesaw Protocol (SSW) successfully launches as Ethereum (ETH) and Solana (SOL) falter

It’s been contrasting fortunes for the cryptocurrency market as we begin to approach the midpoint of April.

Seesaw Protocol news.

For many of the big cryptos, it’s been a tough period with leading coins Bitcoin (BTC) and Ethereum (ETH) both suffering sizeable declines. Their influence is very much noticed across the entire market with many coins suffering a downturn in value.

Solana (SOL), which has been one of the highest performing big coins in 2022, has endured a tough week with a dip of over 20%.

Seesaw Protocol (SSW), on the other hand, finally launched on Friday after an incredible presale that saw the coin surge over 4,000% from the beginning of the presale.

The journey of Seesaw Protocol (SSW) begins

They say a cryptocurrency never really begins until it’s officially launched… well Seesaw Protocol (SSW) has officially arrived on the scene.

Having launched on Friday, Seesaw has continued its tremendous surge as it’s now worth $0.4304569, a truly spectacular rise from its starting presale price of $0.005.

As a multi-chain integration bridge, Seesaw has made it possible for users to swap tokens across the blockchains of Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC).

Allowing users the opportunity to choose the blockchain they want to undertake their transactions is a degree of choice that previously hasn’t been made available to crypto investors and demonstrates why Seesaw Protocol has had the success throughout presale and subsequently after.

Seesaw Protocol (SSW) successfully launches as Ethereum (ETH) and Solana (SOL) falter

Following its launch, SSW tokens are now available to purchase on PancakeSwap (CAKE), one of the world’s leading cryptocurrency exchanges as well as its very own SeesawSwap on the project’s official website.

With Seesaw’s $1 million liquidity locked for six months, that means developers are unable to sell their stake in the project which breeds trust from the community and in turn makes SSW a more attractive commodity to purchase.

Ethereum (ETH) dips below $3,100 

A sizeable dip from the second biggest cryptocurrency in the world is not exactly how cryptocurrency investors would have wanted to start their week.

But alas, that is the reality of the situation.

Ethereum (ETH), has suffered a 12.3% dip in the past seven days and has fallen under the $3,100 valuation it achieved in recent weeks.

While the blockchain network is far and beyond the second biggest cryptocurrency in the world, amassing a market cap of over $370 billion, it’s not ideal for ETH to be on an up and down performance level like it has been for the first quarter of 2022.

With the upgrade of Ethereum 2.0 being touted to launch next year, Ethereum could very well achieve new heights as the network aims to prioritise scalability, sustainability and interoperability as it looks to bridge the gap between themselves and more eco-friendly blockchains like Solana (SOL), Avalanche (AVAX), and Polkadot (DOT).

Solana (SOL) suffers a major dip in the past seven days

Speaking of Solana (SOL), despite achieving impressive levels of growth over the past month, the blockchain platform hasn’t been immune to the recent struggles of the crypto market.

Having achieved growth of 31.3% in the past month, SOL has fallen off a cliff, having dipped 22.5% in the past seven days as the coin trades at $105.95, at this time of writing.

However, a bright spot in a dark period for those invested both financially and emotionally in Solana, is that despite the recent sell-off, Coinbase Wallet’s support for SOL and other Solana-based tokens as well as the potential integration of the Solana network by OpenSea means a bullish run could be on the cards for the sixth-ranked cryptocurrency in the world.

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