There is currently no other market on the planet that generates as many millionaires as the cryptocurrency market. Individuals have won and lost substantial sums of money as a result of the market’s wild swings. Certain cryptocurrencies, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have even resulted in the creation of a few billionaires as a result of their meteoric rises.
Each of these success stories has one thing in common: the investors who profited the most got in early. With Seesaw Protocol (SSW) just launching its presale stage, it appears as though this cryptocurrency is on track to become the next crypto millionaire maker.
According to a recent Engine Insights study, 59% of Gen Zs believe that investing in cryptocurrency is the best way to become a millionaire. Almost half (46%) of millennials concur. Their smartphones have been transformed into modern-day digital slot machines, allowing them to easily wager on hundreds of crypto coins without much knowledge of their intrinsic value other than what others, including prominent social influencers, say about them.
Anyone who invested just $15 in August 2020, when Shiba Inu (SHIB) was trading at $0.00000000051 per coin, would have already become a millionaire. But buyer beware; SHIB’s meteoric rise has been followed by an equally precipitous fall in value. Shiba Inu has lost over 70% of its value since its all-time high at the end of October 2021. Losing some unlucky investors fortunes in the process.
Another canine-themed coin, called Akita Inu (AKITA), has seen a similar boom to bust, over the past few months, falling over 80% since its all-time high in late October 2021.
As previously stated, early investors make the most significant gains, and unfortunately, it may be too late to invest in Dogecoin (DOGE), Shiba Inu (SHIB), and Akita Inu (Akita). However, with the launch of Seesaw Protocol imminent, now appears to be the optimal time to buy Seesaw Protocol’s (SSW) platform will enable users to conduct cross-chain swaps using multiple solutions at the best possible rates. Unlike Shiba Inu, which is only on Ethereum, Seesaw Protocol will provide a truly multi-chain bridge, connecting Binance’s Smart Chain, Polygon, & Ethereum.
This could revolutionize DeFi projects as gas fees on blockchains, particularly Bitcoin and Ethereum, have a reputation for being extremely high.
Each purchase on Seesaw Protocol is subject to a 3% fee, and each sale is subject to a 5% fee. This benefits holders, as the 3% is redistributed amongst existing holders of SSW. On PancakeSwap, the 5% sell fee is added as a liquidity pair alongside Binance Coin (BNB). This may also help stabilize the cryptocurrency by encouraging people to buy and hold rather than sell, which could hopefully counteract the huge losses seen by Shiba Inu and Akita Inu and keep SSW relatively stable moving forward.
In a world of fast-moving hype-fueled cryptos, investing early on can result in massive profits on a relatively small investment. Seesaw Protocol could provide the latest and greatest opportunity to get in ahead of the next bubble. Only time will tell if it can sustain its growth and avoid the devastating fate of Shiba Inu and Floki Inu in the long run. But the potential to make a quick buck is certainly there.
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