As has frequently been the case throughout 2022 and March, in particular, the cryptocurrency market has fluctuated. Every token in the top 25 (not counting stable coins), when ranked by market cap, is down as of the 10th of march.
Most major projects have dipped by between 3-7% and this is therefore not a full-on crash. Even the most pessimistic and diamond-handed investors have not called this to be a sign of an impending bear market. With this in mind, many crypto enthusiasts may be using this mini-dip as a chance to buy the dip.
Some of the cryptos that people are monitoring closely and looking to take advantage of the slight fall in price are Binance Coin (BNB) and Ripple (XRP). Another coin, from an upcoming release, that has avoided the dip is Seesaw Protocol (SSW). As it is still in its presale phase, it is protected from wider market forces and can only go up in price.
Binance Coin (BNB)
Binance Coin has the 4th biggest market cap of any cryptocurrency, according to the leading listings platform CoinMarketCap. After the giants of Bitcoin (BTC) and Ethereum (ETH), Binance Coin (BNB) is the biggest non-stable coin on the market.
BNB is the native coin of Binance, the largest crypto exchange in the world by trading volume. Users can use BNB to pay the small transaction fees on the Binance Smart Chain (BSC).
For this reason, many investors swear by having at least a bit of BNB in their portfolios. Because Binance is such an influential player in the world of crypto, the price of BNB often reflects the health of cryptocurrency as a whole.
Polygon (MATIC) is currently ranked as the 16th biggest cryptocurrency, with a market cap of around $11 billion. It is the first major solution to scalability on the Ethereum Network and has since become a major blockchain player in its own right.
MATIC’s fees are much lower than those of the Ethereum (ETH) network, and as such, it makes MATIC an investment with huge potential. Given that users can also buy NFTs on the Polygon Network, MATIC is expected to go up and up in 2022 and beyond. This latest small dip, of 6%, could be seen as an opportunity to get involved.
Seesaw Protocol (SSW)
As mentioned above, Seesaw Protocol (SSW) is immune to the downtrends and dips suffered by the top cryptocurrencies. The presale of SSW is one to be remembered and also one in which there is still ample opportunity to get involved.
From the 25th of January, when the presale began, to the 11th of March, the price of SSW has risen from $0.005 to $0.13. A $1000 investment would now be worth $25000, and with 5 weeks left, some bullish analysts are predicting Seesaw Protocol (SSW) could rise to $0.4.