Terra (LUNA) and Seesaw Protocol (SSW) are this week’s market leaders, followed by Polkadot (DOT) which is struggling to keep up with the two altcoins. What will this first week of April have in store for investors old and new? At the moment Seesaw Protocol and Terra (LUNA) are returning millions to venture capitalists who decided to believe in them – could these protocols help your wallet grow further too?
Seesaw Protocol (SSW) +4.65% In 24h
Seesaw Protocol (SSW) is ready to go live on the trading exchanges, much to the delight of everyone who invested in the new altcoin. The launch on live markets has historically meant that cryptocurrency’s prices skyrocket and gain in value, therefore Seesaw Protocol could potentially increase its +3800% growth and reach an all-time-high of anywhere between +6000/+7000%. As a result of the incredible surge, the price rose from $0.005 to the current $0.20 per token – meaning that any investment made today, while the coin is still in presale, could increase by 30/35% in just a few days.
According to the Seesaw Protocol (SSW) website, there will be $1 million in liquidity available for the protocol when it starts on April 8th.
In finance, the term “liquidity” refers to the ease with which an object can be swapped for cash or utilised to complete a new transaction. Because of this, the liquidity of financial assets is extremely important.
A high amount of liquidity in a market means that investors may transact quickly, comfortably, and at a fair price, which is essential when investing. With aspirations to expand, Seesaw Protocol now has a staggering 1 million USD running through its network, which is essential to keeping it operational.
Seesaw Protocol (SSW) is going live on the 8th of April – definitely save the date and join the growth.
Terra (LUNA) +2.26% In 24h
In the wake of Bitcoin‘s recovery surge, which has already been counterbalanced, Analysts report that two cryptocurrencies created for the development of decentralised applications and solutions have risen to the top of the list of the “best-performing assets on the trading market” in the last week.
Terra (LUNA) was one of the two most profitable coins last week (together with SOL), with price increases of almost 22%. The increase was backed by Bitcoin’s (BTC) first 40 percent gain in the early days of January, which lasted until the end of last week’s trading session.
LUNA is currently worth $115.57 and it is up over 12% in 7 days.
Polkadot (DOT) +2.36% in 24h
DOT is currently trading at $22, up $1.54% in seven days.
Polkadot’s native token, DOT, is utilised for governance, transaction fees, security via staking, and bonding for parachain slots. DOT is the most popular crypto fund asset as of March 2022, Also, combined with Substrate’s flexibility, Polkadot has garnered the second-biggest developer community.
Analysts say Polkadot’s (DOT) price is falling due to a drop in transactions and trading volume and on-chain activity.
InvestorsObserver employs a grading system to assess the risk of every altcoin, as well as its price volatility. The scoring method shows Polkadot has low risk and trade volume. Polkadot’s price may fall even further during the current phase.
Binance (BNB) is widely regarded as the world’s largest cryptocurrency exchange by trading volume. The exchange’s liquidity infrastructure recently incorporated Polkadot compatibility, resulting in a DOT/BDOT liquidity pool. The altcoin’s inclusion in Binance’s liquidity pool may assist improve adoption across consumers and users of the exchange trade and platform.
Analysts anticipate a negative trend might drive the price below $20.09, causing investors to become pessimistic.
Credit: Source link
Leave a Reply