Top 3 cryptocurrencies to buy this week – Solana (SOL), Ethereum (ETH) and Seesaw Protocol (SSW)

Top 3 cryptocurrencies to buy this week - Solana (SOL), Ethereum (ETH) and Seesaw Protocol (SSW)

The cryptocurrency market continued to experience volatility in February, but appears to be finding its feet as most “blue chip” cryptos rebounded this week despite the ongoing war between Russia and Ukraine.

In fact, it has been reported that millions of dollars in aid have been sent to Ukraine from around the world – once again demonstrating the real use of crypto by enabling fast and frictionless ways to transfer money. value.

In the long term, cryptocurrencies that can process transactions at the fastest speeds and offer the most utility will offer the best chance for exponential growth and real value in the future.

That’s why I think the best cryptocurrencies to invest in right now are Solana (SOL), Ethereum (ETH) and Switch Protocol (SSW).

Solana (SOL)

The Solana blockchain, which supports smart contracts, is attracting a large number of developers – and for good reason. On Solana, transactions are extremely affordable and only take a few seconds. This contrasts with Ethereum (ETH), the world’s largest blockchain for smart contracts, where transactions can cost up to $100 and take several minutes.

Developers can create disruptive products due to low development costs. Recently, Solana Pay was announced, allowing customers to pay merchants on the Solana blockchain using Solana or a stablecoin like USDC – which is pegged to the US dollar. It’s also incredibly inexpensive, with the fee being pennies.

Non-fungible tokens (NFTs) are also thriving on Solana, allowing developers to fund projects through a variety of means, including games and decentralized financial products.

The possibilities are virtually limitless for this blockchain, and it is slowly challenging the top three for dominance.

Ethereum (ETH)

Although Ethereum (ETH) is the market leader, it faces an uncertain year. Ethereum is where the big bucks are in smart contracts, as this is where NFTs have gained traction, with companies like Opensea now processing billions of dollars in monthly NFT sales. However, Ethereum’s proof-of-work structure leads to high transaction costs and a slow network, which will be a hindrance unless improved quickly.

A series of upgrades called Ethereum 2.0 are intended to transition Ethereum to a more affordable proof-of-stake protocol. If all goes well, this will reduce the cost of Ethereum and speed up transactions, allowing it to compete more effectively with Solana. And, given the financial investment and momentum already behind Ethereum, being close in cost and speed may be enough to keep it at the top of the list of blockchains that support smart contracts.

However, investors are warned. The bullish outlook on Ethereum is only valid if the update happens and does what it promises.

Switch Protocol (SSW)

The Seesaw protocol has jumped over 2000% since its launch in January 2022, rising from $0.005 to over 0.115. Given that it’s only halfway through its pre-sale, some analysts believe that SSW could easily be up another 2,000-3,000 percent when it launches to the general public on April 8.

Investing now could result in significant gains, and since the Seesaw protocol is still only in presale, its value cannot drop. This may give nervous investors some confidence, especially given the current political climate surrounding Russia.

Beyond continued pre-sale success, SSW also provides real-world utility and will link Binance Smart Chain (BSC), Polygon (MATIC), and Ethereum (ETH) – allowing holders to exchange value between them quickly. and at lower cost.

The Seesaw Protocol team also wants to make education accessible through the metaverse, an initiative that, if successful, could help transition to a more equal society and increase its value.

To learn more about the Seesaw protocol: