Disclaimer: The text below is a press release that was not written by Cryptonews.com.
2021 was the year of meme coins. Almost all major and well-established cryptocurrencies hit all-time highs, with Bitcoin (BTC) surging from USD 29,376.46 to a peak of USD 68,789.63 in November 2021, and Ethereum (ETH) going from USD 737.71 in January 2021 to reach its current highest price of USD 4,891.70. These are increases of 134% and 563% respectively.
Meme coins came from relative obscurity to increase in record numbers. Dogecoin (DOGE) and Shiba Inu (SHIB) made giant gains and found themselves approaching the top 10 coins when ranked by market cap. Dogecoin started the year at USD 0.004681, shooting up by over 15000% to USD 0.7376. Despite this being a huge price increase, Shiba Inu’s gains made DOGE look relatively insignificant, and increased over 70,000,000%, making millionaires out of its early investors. Gains like these are the target of the soon to be released Seesaw Protocol (SSW).
Dogecoin (DOGE) Negates December Dips
The end of 2021 saw a number of sustained dips in the crypto market. Dogecoin was not immune from this, and it fell to a 30 day low of USD 0.1398, a fall of 80% on its all-time high. The middle of January 2022 has seen a slight recovery from many major crypto assets. As of the 13th of January, Dogecoin had increased by almost 6% in a 24 hour period and is currently at USD 0.1656
This rally has come without the help of a tweet from Elon Musk. Musk, founded and CEO of Tesla, has arguably been largely responsible for the continued success of DOGE. Musk’s semi-regular tweets endorsing Dogecoin have caused a large rise in the valuation of DOGE as his followers rush to invest. This has, understandably, drawn a certain amount of criticism from those who believe that one public figure, even if it is the richest man in the world, should not have such influence over a cryptocurrency.
Shiba Inu (SHIB) Surges after Slow Start to 2022
Shiba Inu has been following in the footsteps of Dogecoin since its launch in 2020. Self-styled as a DOGE-killer, it outperformed its canine cousin in 2021 when measured by percentage increase. At the start of the new year, it once again followed Dogecoin, as well as the majority of the rest of the market, by falling in value. SHIB dipped by over 70% from its 2021 peak.
However, SHIB has begun to climb once again. From the 12th of January 2022 to the time of writing, no other coin in the top 20 cryptocurrencies has increased in price more than Shiba Inu. It increased 14.53% on the 12th and will look to consolidate.
Landmark Seesaw Protocol (SSW) Presale Looms Large
News of an upturn in the market will be gladly received by Seesaw Protocol (SSW) and its creators. SSW launches its presale this month, which will last for 8 weeks in three stages. The first stage is two weeks, followed by two stages each lasting three weeks. Unlike some coin presales, it won’t be private and is therefore open to all.
The reason that Seesaw Protocol’s presale is worth paying attention to is due to the unique utility of its native token SSW. Seesaw Protocol is going to be multi-chain, and enable its users to conduct cross-chain swaps at the fastest possible speed and with the lowest gas fees. SSW provides a link between Ethereum, Polygon, and Binance Smart Chain. For these reasons and more, such as a 3% fee attached to every purchase of SSW which is distributed amongst its existing holders, Seesaw Protocol is a token to watch.
For more information check out the links below.
Enter Presale HERE: https://presale.seesawprotocol.io/register