It s safe to say that in 2021, the cryptocurrency market exploded. Even the stock market had a higher-than-average return of 29%.
Even when compared to a successful year for the stock market, the gains obtained by crypto investors were enormous, and millions of individuals became aware of the rapidly increasing business. At its peak, the overall market cap of cryptocurrency increased about 300% to around $3 trillion.
The biggest two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), account for over 60% of the market. They both experienced massive price rises in 2021. However, it was not BTC or ETH that received the majority of the attention.
Dogecoin (DOGE) and, to a lesser extent, Shiba Inu (SHIB), its meme coin cousin, dominated the news. Seesaw Protocol (SSW) is a contender to make headlines in 2022; it is only a month into its pre-sale and has already risen by more than tenfold.
Based on a viral meme that has been circulating since 2013, Dogecoin exploded in popularity in 2021 and has since proven that it is not a passing fad. It entered the top 20 cryptocurrencies and is now ranked 11th at the time of writing. DOGE rose by more than 15,000% in 2021.
A $1,000 investment in DOGE in January 2021 would have been worth more than $150,000 by the time it reached its peak in May of that year.
DOGE has dropped about 81% since reaching this high. It speaks volumes about the massive profits it earned in 2021 that an initial $1000 investment would have made an opportunistic investor about $150,000.
Dogecoin has demonstrated the value of strong community support as well as endorsement from public individuals.
Elon Musk, the founder and CEO of Tesla, fell in love with DOGE and constantly expressed his support for the meme coin on Twitter and other public places.
The price of DOGE increased with practically every mention, and Musk unintentionally became an unintended figurehead of DOGE. This fits Dogecoin’s meme coin profile, or “the people’s crypto,” as Musk termed it.
Seesaw Protocol (SSW) begins with a bang
By far, the most-searched-for cryptocurrency in 2021 was Dogecoin. However, its long-term utility is where it has diminished marginally.
It is not commonly accepted as a payment method, and its network is not nearly as sophisticated or popular as Binance Smart Chain, Ethereum, or Polygon Networks. This is assumed to be the primary reason behind DOGE’s decline from May 2021.
Seesaw Protocol (SSW), which will launch in April once its 10-week presale closes, aims to emulate DOGE’s success and use its utility to continue on an upward trend, reaching levels that Dogecoin has yet to attain.
SSW intends to be a multi-chain DeFi protocol that acts as a bridge across key networks. It will begin on Binance Smart Chain and will grow and support swaps between BSC, the Polygon Network, and Ethereum.
SSW could be revolutionary in changing how transactions are made in a market where slow speeds and excessive fees can be an issue.
SSW has a 3% buy fee and a 5% sale fee to help maintain long-term stability. A percentage of each is paid evenly to existing holders and added to the token’s liquidity. SSW’s presale price is currently $0.068 after launching at $0.005 and will be available on PancakeSwap following its presale.
The Seesaw Protocol presale is the earliest opportunity to invest in what has the potential to be a highly exciting opportunity that will transform the crypto market in 2022.
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