Crypto buyers in 2022 are no strangers to volatility the low. In the same vein as 2021, but currently with barely less development, this year has been upside down at best. There are many alternatives to “buy the dip”.
Bitcoin (BTC), as always, is the leader of the market. Its market capitalization is more than twice that of some other cryptocurrencies and its market dominance is over 40% at the time of writing. The crypto market as a whole in 2022 is best illustrated by the fortunes of BTC; down 23%, up 30%.
Other major cryptocurrencies, especially those in the top 10 market cap rankings, have had comparable ups and downs. gimbal (ADA) and Solana (GROUND) are down 7% and 8%, respectively, over the past seven days. Worldwide eventssuch as the price of the real estate disaster and the illegal invasion of Ukraine by Russia, have an impact on finance as a whole.
In an effort to remain resilient to market forces, many crypto backers are turning to presales. New initiatives are sometimes extremely profitable investments, and until they are launched publicly, they only go up in value. Switch Protocol (SSW) is considered one of these initiatives.
Cardano (ADA) is the eighth ranked cryptocurrency and has a market cap of over $27 billion. It was founded by Ethereum (ETH) co-creator Charles Hoskinson. Its transaction speed and low fees have placed it among the top 5 cryptocurrencies at times. It exploded 1600% in 2021 to reach a new all-time high of $3.10.
2022, however, has not been so valid. Year-to-date to time of writing, ADA is down 40%. There have been rallies every month, but to this day the ADA continues to drop.
Positively, Cardano whales persevered to pack their bags, and buyers with 1-10 million ADA tokens moved to $9.72 in early March. This means that major funders are confident that ADA is a long-term, if not short-term, business.
Another company that has been tipped for the long term future is Solana (SOL). Just like Cardano (ADA), SOL is down last week. Just 4 months ago, Solana hit its high of $260.
Since then, it has dropped 68%. At the time of writing, SOL is valued at $83. Its weekly excess was around $105, and it looks like a conflict is going on between the bears and the bulls. In a risky market, SOL stood out.
For buyers, after all, it’s crucial to remain optimistic and consider the big picture. Solana has been tipped by some to compete with Ethereum (ETH), especially when it comes to NFTs, where it currently has much lower fees and sometimes faster speeds than the ETH network.
Switch Protocol (SSW)
The second stage of the Seesaw Protocol (SSW) presale lasts nearly two weeks with 18 days left to run. Since the start of this stage, SSW has grown another 32% after unprecedented success in the first stage, where it soared over 1000%.
The company itself seems to have valuable real-world functions. For customers, it will bridge the gap between the Binance Good chain (BSC), the Polygon (MATIC) community and the Ethereum (ETH) community. This allows holders to navigate across blockchains in an effort to discover one of the best speeds and lowest fees for their transactions.
Over the past 24 hours, SSW has increased by around 2%. If this continues, the bare minimum that SSW would reach at launch could be $0.2. Other analysts have predicted that it could rise even further ahead of its April 8 release.
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