2021 has been an unprecedented year for almost the entire financial sector. Investments in the traditional stock market have posted above-average returns amid the ongoing COVID-19 pandemic. According to Forbes, the S&P 500 gained 26.9% for the year. The Nasdaq returned 21.4% and the Dow Jones rose 18.7%.
When it comes to cryptocurrency, however, these returns seem small in comparison. Perhaps the most famous example of a gigantic return on investment was seen by the Shiba Inu (SHIB) meme coin, which has returned over 74,000,000% since the start of 2021 to its all-time high later this year. that year.
Although SHIB remains in the top 15 cryptocurrencies when ranked by market capitalization, most investors have opted to put their money into what are considered more stable investments; Bitcoin (BTC) and Ethereum (ETH). Another source of stability is to invest in pre-sale projects, such as the very promising Switch Protocol (SSW).
Bitcoin (BTC) is still the king of cryptocurrency
Bitcoin (BTC) is the undisputed king of cryptocurrency. It is over 12 years old and has been established at the top of the tree for most of that time. Thanks in part to Bitcoin’s popularity, there are now over 18,000 cryptocurrencies on major trading platforms like CoinMarketCap. As a result, BTC has lost dominance, but still retains over 40% market share.
Over the past seven days, Bitcoin has risen over 12% and is currently valued at around $43,600. This is a far cry from its all-time high of $68,789, reached in November 2021. Despite this, $43,000 could be considered a decent recovery from the recent low under $35,000.
Can Ethereum (ETH) close the gap on BTC?
Ethereum (ETH) has been around for almost seven years and is well established as the second largest cryptocurrency in the world. Some optimistic analysts believe that Ethereum may soon bridge the gap between itself and Bitcoin, in part due to the continued boom in NFTs and the growing popularity of DeFi (decentralized finance) projects.
Like its rival Bitcoin, ETH is significantly down on its ATH. 2022 promises great things for ETH, however. The long-awaited release of ETH 2.0 could cause the price to explode and even potentially double it. These upgrades should resolve criticisms of exorbitant gas fees and frequent congestion on the ETH network.
Will the Seesaw Protocol (SSW) continue to cause a stir?
Withdrawing money from both large and into smaller projects has become an extremely profitable method in 2021. Almost all altcoins have seen new peaks and have grown exponentially. In 2022, this is still the case. A new version that has already made headlines is Seesaw Protocol (SSW). As SSW is still in presale period, its price can only go up until its launch on April 8th. After that time, it could continue to rise and rise, as is often the case with new cryptocurrencies.
SSW started at $0.005 and broke above $0.114 at the time of writing. That’s an increase of over 2000% in 6 weeks, and with over five weeks left, there’s still plenty of time to invest in pre-sales if you wish.
Enter presale: https://presale.seesawprotocol.io/register
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