My Two Best Cryptocurrencies To Buy Right Now – Solana (SOL) and Seesaw Protocol (SSW)
Like the rest of the cryptocurrency market, Solana (SOL) is experiencing a consolidation period and has fallen over 40% since its all-time high in early November 2021, with the possibility of even further declines. However, for long-term investors, downturns can present an excellent buying opportunity. By purchasing during a price drop, you can snag a great investment at a discount.
On the other hand, smart investors will also know how history has continuously shown that getting into new cryptocurrencies early on and before they launch can also be a fantastic way to get huge returns on investments. With Seesaw Protocol (SSW) having only just started its presale, now might be the opportune moment to buy.
For these reasons and more that I’ll outline below, I believe the smartest cryptos to buy right now are Solana and Seesaw Protocol.
Solana experienced explosive growth, with a nearly 10,000% increase in price over the last year. It’s also been dubbed the “Ethereum killer” by some due to the fact that it shares many similarities with its larger competitor but is also significantly faster.
A portion of Solana’s price decline may be unrelated to the cryptocurrency itself. The cryptocurrency market as a whole has taken a beating in recent weeks, with several major cryptocurrencies, including Bitcoin and Ethereum, seeing their prices plummet.
However, Solana does have some redeeming qualities, and it could be a viable alternative to Ethereum. It makes use of a proof-of-history validation protocol, which is similar to but more efficient than proof-of-stake. As a result, its network is significantly faster than that of the majority of other cryptocurrencies.
Solana’s Solanart NFT marketplace is gaining traction, owing in part to Solana’s low fees. Despite recent performance issues, Solana is still capable of processing thousands of transactions per second. Ethereum, on the other hand, can only process about 13 transactions per second.
With a stated capacity of approximately 50,000 transactions per second and fees as low as a fraction of a penny, Solana’s network is truly mass-market. Each month, NFTs are sold for billions of dollars. Indeed, Solana is aiming for the top spot in this space, though much more growth is required to achieve this.
Seesaw Protocol (SSW)
Seesaw Protocol will act as a true multi-chain bridge, connecting Polygon, Ethereum and Binance’s Smart Chain.
According to its creators, Seesaw Protocol will enable users to conduct cross-chain swaps using multiple solutions at the best possible rates. Like Solana, this gives SSW a leg up on Bitcoin and Ethereum.
Seesaw Protocol has just begun its presale, providing investors with an ideal opportunity to get in early. As history has repeatedly shown with the likes of Solana, Avalanche, and Polkadot, getting in early on a cryptocurrency can yield massive rewards.
Seesaw Protocol will charge a fee for each transaction with each purchase of SSW carrying a 3% fee, and each sale carrying a 5% fee. This is beneficial for holders, as the 3% is redistributed among existing SSW holders. The 5% sell fee is added as a liquidity pair alongside Binance Coin on PancakeSwap (BNB). This may contribute to stabilising the cryptocurrency by encouraging people to hold rather than sell, thereby reducing wild volatility. Additionally, it enables liquidity, which is critical for any cryptocurrency to continue trading smoothly.
If you are willing to accept a higher level of risk, you may wish to invest in Solana and Seesaw Protocol now in the hope of long-term growth. However, if you are a risk-averse investor, there may be better alternatives available.
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