Cryptocurrency

3 Promising Cryptocurrencies to Put on Your Watchlist This Week

Market Trends

Are you planning to invest in cryptos? Here are 3 cryptocurrencies to put on your watchlist.

As winter turns to spring, there are always new opportunities to get involved in the world of cryptocurrency. The last few months have been tumultuous worldwide, with the threat of stricter crypto regulations, the hike in interest rates, the rising cost of living, the ongoing COVID-19 pandemic, and Russia's invasion of Ukraine.

In the grand scheme of things, cryptocurrency may seem inconsequential, but for some, it is the unimportant pursuits in life that can help the most. There are many major and minor crypto projects that could increase in value over the rest of 2022 and beyond. From Binance Coin (BNB) to Seesaw Protocol (SSW), Ripple (XRP), VeChain (VET), and Fantom (FTM) in between, crypto enthusiasts will have their eyes on many projects.

Binance Coin (BNB)

According to CoinMarketCap, the top crypto listing site, Binance Coin has the 4th largest market cap of any cryptocurrency. Binance Coin (BNB) is the 3rd largest non-stable coin on the market, following the giant's Bitcoin (BTC) and Ethereum (ETH).

Binance is the world's largest crypto exchange by trading volume, and BNB is its native token.  On the Binance Smart Chain (BSC), users can pay their minor transaction fees with BNB.

As a result, many investors insist on including at least a small amount of BNB in their portfolios. Because Binance is such a powerful participant in the crypto realm, the price of BNB typically reflects the overall health of the industry.

Ripple (XRP)

Ripple Labs has a native token; XRP. Its primary goal is to eliminate the middleman in cross-border payments. Western Union is currently the most well-known name in the industry for such transactions. However, as you may know from personal experience, sending money through this service can be both time-consuming and costly. As digital payments grow increasingly popular, Ripple (XRP) can execute payments in as little as 3 seconds and for as low as 0.0001 XRP, giving an effective solution to the problem.

Since December 2020, when the Securities and Exchange Commission (SEC) filed a complaint against Ripple (XRP), the business has been embroiled in a legal battle. The SEC claims that it sold over $1 billion of its XRP currency as security without first registering it with the SEC. Should the case settle, which it is due to before the summer, XRP could explode.

Seesaw Protocol (SSW)

Seesaw Protocol (SSW) is a fully decentralised multi-deployment DeFi platform that allows users to connect to multiple networks. The BNB Chain, Ethereum (ETH), and Polygon (MATIC) networks can all be congested at any one time. Using the Seesaw Protocol (SSW), you can find the most efficient blockchain repository for your transactions at that time.

The presale of Seesaw Protocol began in late January 2022 and the token is due to be released to the public on April the 8th. There are still 3 weeks for users to get involved. The presale has been a huge success; SSW is 2600% up in under 2 months has gone from $0.005 to $0.14. This alone indicates that Seesaw Protocol could be a project worth investing in.

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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.

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