Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. The Seesaw death cross happens when Seesaw’s 50-day SMA falls below the 200-day SMA. Traders usually interpret a death cross as a bearish signal for future price action, but the actual usefulness of this metric is controversial. The Seesaw golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA.
Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. The project team is considering cross-chain distribution in the 3rd Quarter of 2022, as stated in the Road Map. Cross-chain technology is known as a new concept aimed at transferring value and information between different blockchain networks.
You may be interested in these crypto articles
VeThor is generated for free and in proportion to the number of Vechain tokens a user holds at any time. VET can be added as it is a highly undervalued coin given its numerous utility and enterprise adoption. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Seesaw Protocol shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions.
An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. It has a circulating supply of 0 SSW coins and a total supply of 990 Million. If you are looking to buy or sell Seesaw, PancakeSwap is currently the most active exchange. Another crypto to take stock of this year and could be worth investing in is Aave , the crypto came on the scene in November 2018 and it has proven to be very profitable for its investors.
- However, Seesaw Protocol will be bridge Binance Smart Chain, Polygon and Ethereum – enabling holders to move tokens between three of the most prominent blockchains.
- Being from Finance background, he efficiently writes Price Analysis.
- For the past two days, the coin has been falling nonstop, and it appears that the bearish market is weakening it.
- That is the name of the game and is a trusted formula that has been tried and tested in the financial market.
- Burn events, which have a positive impact on Shiba Inu prices, have been supported by the community.
Hasn’t been an established crypto for not even a month therefore there’s still a long way to go for the project to make good on its potential. There have been some notable presales over the last https://xcritical.com/ few years and a notable one that is currently underway; Filecoin , Tezos , and Seesaw Protocol , respectively. One of these methods is investing in stable coins like Tether and USD Coin .
If you couldn’t invest back then, it does not matter because you could still make a fortune from an investment in these three cryptos. Let us find out about the potential of these three coins and their features which make them a solid bet. However, for a project that has lost 99 per cent of its value in the past few months, the recovery to its previous level is close to zero. Therefore, my long-term outlook for the Seesaw protocol is a continued trade to the downside. In April, when the protocol was being offered in presale, there was a lot of optimism that the project would continue its growth throughout the year. Naturally, many investors were willing to pay a king’s ransom to get their hands on the project.
Our View: Local government reform is not worthy…
However, its value declined sharply last Sunday, in which the token fell by 97%, according to data by CoinMarketCap. Yet the token appears to be making a comeback already, having risen by approximately 40% over the last 24 hours. SSW provides the entire suite of services for users to manage crypto assets on the most popular blockchains and peer-to-peer exchange services in a decentralized and open manner. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the SSW price moves above any of these averages, it is generally seen as a bullish sign for Seesaw.
Another great feature of the decentralized crypto is that it aims to be a multi-channel DeFi platform, which allows its investors to bridge between Ethereum , Polygon and Binance . As the crypto market continues its bounce this month and positive sentiment returns, Seesaw Protocol may be the most expedient opportunity for exponential growth in 2022. Avalanche , Polkadot , and Dogecoin were all huge success stories in 2021, but the holders who made the most money were the early adopters. As history has repeatedly demonstrated in the crypto markets, there can be significant value in getting in early.
Dropping short-Bitcoin outflows indicate positive sentiment
Bridges are used to connect parachains and related components known as parathreads to other blockchains. At the moment, Solana’s “wormhole bridge” only connects its blockchain to Ethereum. Seesaw Protocol will create a multi-bridge DeFi and NFT marketplace using multiple solutions at the best possible rates. Buy and Sell over 150 coins on the world’s biggest crypto exchange – Binance. There has been a major fall-off for the crypto since hitting its all-time high of $3.40 back in January 2018 as XRP now sits at $0.65, at this time of writing.
What is the lowest price for Seesaw?
Funds can be used to farm and take advantage of the margin and loan facility. In the future, Seesaw Swap aims to add options for other blockchain networks offering a complete package for all its users. ApeCoin, or APE, is a new cryptocurrency that has gained popularity in the last recent few months due to its profit-generating capabilities. Just like with any other asset, the price action of Seesaw is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.
The big reason for its success could be because in the summer of 2020, it had one of the biggest projects in regards to the total value of crypto locked in its protocol. Another intriguing aspect of Seesaw Protocol is the way the smart contract redistributes fees to holders, thereby providing long-term holders with the opportunity to increase their gains. SSW charges a standard fee for each transaction – 3% for purchases and 5% for sales. The fees are redistributed among existing SSW holders, so the longer you hold, the more tokens you’ll receive. Cryptocurrencies experience wild fluctuations, and the fee structure is designed to encourage long-term holding while also ensuring liquidity .
Seesaw Protocol (SSW) Listed on CoinMarketCap Four Days After Launch
For the past two days, the coin has been falling nonstop, and it appears that the bearish market is weakening it. During the recent bull run, the Solana chain seems to have lost the majority of its gains. The buzz surrounding Seesaw Protocol that contributed towards its skyrocketing presale price has been attributed to its revolutionary goals. The new tokenomics includes a twin token system where VET is used as a governance and staking coin while VeThor is used as a Gas token.
Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SSW. The market capitalization of Seesaw can change significantly in a short period of time. The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Seesaw. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap.
Avalanche Bulls Eyes for a Big Run in the Long Term
This is a key advantage that Seesaw Protocol offers over other similar service providers. The cryptocurrency industry has faced myriad challenges in the past few months. This has included a cryptocurrency crash, a strong industry-wide bear market, the total collapse of Terra Luna and UST, and a tough economy to invest in the cryptocurrency industry. The combination of all these factors has resulted in most cryptocurrencies losing aggressively in the markets. However, some have taken a heavier hit from the cryptocurrency industry’s bear markets than others, and the Seesaw protocol has been one of them.
Fundamental Analysis Key factors and information to perform crypto fundamental analysis. Visit site68% of retail investor accounts lose money when trading CFD’s with this provider. Kelvin Maina is a computer science graduate who has a passion for cryptocurrencies. In 2017, he became professional crypto and Forex technical analyst for CryptoPolitan and in 2022, he joined InvestingCube.com. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SSW price. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
The MANA Token has seen a considerable price spike but is still available under the $2 level. Adding this coin could see huge returns as Decentraland is a widely used virtual empire and many firms are keen to leverage its potential in the future. MANA can be added through a dollar-cost averaging seesaw crypto strategy to gain huge returns in the future. Comparing Seesaw against other important technological innovations and trends is one way of predicting where the Seesaw price could head over the long term. The table above shows the number of days which Seesaw closed above a certain price level.
Any third-party hyperlinks and banners don’t constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeinCrypto. Do Your Own Research before using any third-party services or considering any financial action. The creators of Seesaw Protocol have chosen to follow the lead of the market-leading Bitcoin and remain anonymous. PancakeSwap , one of the world’s leading decentralised crypto exchanges, has listed SSW with the token also available to buy on Seesaw Swap. If you’ve done your research on Seesaw Protocol and like the sound of the White Paper, perhaps you should consider buying the dip in the event of another price boom. HowTo Guides How to buy / sell / send Crypto guides.Crypto Questions Answering most of your crypto questions.
Transactions usually take place on a single blockchain such as Ethereum or Bitcoin – and data or tokens cannot be transferred between different blockchains. However, Seesaw Protocol will be bridge Binance Smart Chain, Polygon and Ethereum – enabling holders to move tokens between three of the most prominent blockchains. CryptoPredictions.com is a trusted brand providing one of the most accurate cryptocurrency price predictions on the market. We aspire to operate on a global scale and offer our predictions in 8 languages and 33 currencies between which you can easily swap at any time. We making a forecast of future prices for huge amount of digital coins like Seesaw with technical analysis methods. The Seesaw Protocol presale began on the 24th of January and the release price was $0.005.
The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought . Currently, the RSI value is at 49.31, which indicates that the SSW market is in a neutral position. The most recent Death Cross in the Bitcoin market happened 40 days ago, on Oct 26, 2022. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources.