In the span of a month, the cryptocurrency industry went from a seemingly burgeoning one projecting impressive growth, to one that has experienced a considerable sell-off of crypto assets, leaving many of the bigger cryptocurrencies in the red.
The two juggernauts of the industry, Bitcoin (BTC) and Ethereum (ETH) have fallen to values just above $40,000 and $3,000, respectively.
Fellow big hitters Dogecoin (DOGE) and Shiba Inu (SHIB) have also experienced a drop in price while the newly-listed Seesaw Protocol (SSW) seems to be booming amongst the chaos.
You would think launching in the middle of a crypto sell-off would be near disastrous for a new cryptocurrency looking to make its mark in the industry but then again, you may not be aware of Seesaw Protocol (SSW).
Having launched its project on Friday, following a record-breaking presale that saw SSW surge over 4,000%, SSW shot up to a value of $0.42, at this time of writing.
A vesting period of two weeks where Seesaw Protocol will hold on to its presale tokens before assigning them to investors will allow the project to protect the liquidity of the token as well as protect the long-term security of the project.
Having gained 100% growth in the first 24 hours of its launch, Seesaw remains a hot commodity after the end of the presale.
This is only the beginning for SSW which still aims to deploy its cross-chain integration as well as its planned listing on Uniswap (UNI) in the third quarter of 2022.
Following a record-breaking year where Dogecoin (DOGE) increased over 3,100% in value, it's been somewhat of a disappointing follow-up year when many thought the project would build on its overwhelming success.
Despite Elon Musk's best efforts to once again drive up the price of DOGE again by suggesting those who pay for Twitter Blue, a subscription model of the social media site, should be able to pay with DOGE, that has had no positive effect on the meme coin's fortunes.
Trading at $0.138909, at this time of writing, Dogecoin has experienced a slight 6.5% dip in the past seven days.
However, despite the lack of growth in 2021, Dogecoin remains the 11th biggest cryptocurrency in the world, amassing a market cap of over $18 billion, according to data from CoinMarketCap.
We go from one meme coin to another as Shiba Inu (SHIB) mirrors Dogecoin, in not only their origin story but their current circumstances.
While Shiba's rise in 2021 blows DOGE's out of the water with a rise of 21681.9% in the past year, at this time of writing, its current struggles eclipse those of their rival.
A 13.5% dip in the past seven days has left SHIB majorly adrift of the coins ahead of them in CoinMarketCap's ranking of top cryptocurrencies with the likes of Polkadot (DOT), Dogecoin (DOGE), and Avalanche (AVAX) all building a sizeable gap between them and SHIB.
Nevertheless, Shiba remains the 15th biggest cryptocurrency in the world, according to data from CoinMarketCap, but should become wary of stagnating after a remarkable 2021.
To buy SSW: https://swap.seesawprotocol.io/
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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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.