The cryptocurrency market seems to be stabilising after the news of war between Russia and Ukraine broke last week. Global markets experienced a sell-off as investors chose to stay away from riskier assets. However, cryptos soon bounced back and were relatively stable on Monday.
According to cryptocurrency analysts, at least $13.7 million (£10.2 million) has been donated anonymously to the Ukrainian war effort, which further highlights the ability of cryptocurrencies to make frictionless international transactions and is the latest real-world use case.
With that in mind, let's take a look at which cryptocurrencies could provide the best value and growth prospects for March and beyond.
Seesaw Protocol has been receiving a lot of media attention recently, mainly because of its exceptional growth during the presale. The cryptocurrency has rocketed over 1300% in the first stage of its presale, which will continue until April.
With the threat of continued war in Europe in the coming weeks, Seesaw Protocol (SSW) may be the perfect hedge, as its price cannot come down during its presale stage.
Another reason buyers are so optimistic about SSW is its ability to bridge three major blockchains and fill an important gap in the cryptocurrency market. Seesaw Protocol will bridge Ethereum (ETH), Polygon (MATIC), and Binance Smart Chain (BNB), enabling holders to make faster and more affordable transactions by utilising the most efficient blockchain at the optimal time (depending on congestion) to find the most optimal transaction.
The seesaw protocol also has a referral system that compensates holders for referring new members to the project. Currently, every new user who signs up using their unique referral link will earn you up to 5% in bonus tokens.
Since October 2018, Chainlink has come a long way. With smart contracts serving as the foundation for DeFi (decentralised finance), oracles that enable them to execute securely in response to verifiable real-world events are critical.
Chainlink initially provided cryptocurrency price data to DeFi protocols such as lending platform Aave through a limited number of sources. However, it now encompasses a much broader range of activities.
The ecosystem now includes over 1,000 projects, with 700 oracle networks securing more than $75 billion in value — a tenfold increase from 2020 levels — and accessing more than one billion data points. Additionally, Chainlink saw a doubling of public usage of Chainlink Github software repositories — a commonly used metric for determining adoption.
All of this expansion contributed to LINK's 52 percent year-over-year growth over the last 12 months. AccuWeather and the Associated Press have both partnered with Chainlink to verify data, and former Google CEO Eric Schmidt has joined as an advisor, the latest indications that big tech and media are taking notice of Chainlink's expanding applications.
Later this year, Chainlink will introduce staking, which will allow LINK holders to contribute to network security by encrypting a portion of their LINK and earning rewards.
LINK has lost more than 70% of its value since its all-time high, suggesting that now may be the ideal time to invest with plenty of upside potential for 2022.
Curve Finance is a community-governed decentralised exchange (DEX) that facilitates the exchange of stablecoins. Curve DAO (CRV) holders make on-chain decisions after locking their tokens for nearly four years in order to convert them to veCRV. The veCRV tokens are used to participate in governance, increase governance rewards, earn trading commissions, and receive airdrops. The longer the Curve DAO is locked, the greater the number of voting power holders acquire, and vice versa.
As a result, yield-enhancing applications like Convex Finance and other DeFi protocols like Yearn Finance and StakeDAO are luring CRV holders with attractive stake returns.
Convex Finance is currently the sole owner of veCRV, controlling 47% of the total supply. The protocol currently offers a 48 percent annual percentage yield on staked CRV – nearly ten times the annual percentage yield offered by various pools in the multibillion-dollar DeFi industry.
Curve DAO's price has fallen over 70% since January, but with all the DeFi's attached to this project and locked in liquidity, CRV may be at an enticing discount for investors with a high-risk appetite.
Website: https://presale.seesawprotocol.io
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.