Top 3 Cryptos to Buy for the Long Term – Polkadot (DOT), Solana (SOL) and Seesaw Protocol (SSW)
by Analytics Insight
March 7, 2022
Focus on Polkadot, Solana and Seesaw Protocol to Generate Long-Term Profits in 2022
The cryptocurrency market remained volatile in February, but appears to be regaining its footing as most major cryptos rebounded this week despite the ongoing war between Russia and Ukraine.
With millions of dollars in aid sent using cryptocurrencies to support Ukraine from around the world, users have once again demonstrated the practical application of crypto by enabling fast and frictionless transfers in times of crisis.
Given the events unfolding right now, it would seem that cryptocurrencies that can process transactions quickly and provide a high level of utility will have the best chance for exponential growth in the future.
Some of the most promising cryptos on the market that offer this kind of real-world usage and utility are Polkadot (DOT), Solana (SOL), and Switch Protocol (SSW).
Polkadot is a highly scalable smart contract platform built on an interoperable blockchain ecosystem that aims to outperform Ethereum.
Polkadot is a consensus-based Proof of Stake (PoS) blockchain. Many programmable blockchains, called parachains, are connected to the relay chain, each supporting decentralized applications (dApps) and decentralized financial services (DeFi). Some parachains, for example Ethereum, can communicate with other blockchains.
Polkadot began selling parachain slots to developers at auction in November. While the process is far from complete – as of February 2022, only five parachains were connected to the relay chain – Polkadot intends to support 100 parachains in the near future.
Network throughput can then exceed one million transactions per second (TPS), with each transaction taking less than 60 seconds to complete. By comparison, Ethereum currently supports 14 transactions per second and often takes up to six minutes.
Polkadot has seen steady growth since December, when the first parachains were added. With over $17 billion invested in the platform, it is already the twelfth most popular DeFi ecosystem.
As more parachains are integrated and Polkadot’s ecosystem continues to grow, more people are expected to adopt platform-based products. As a result, demand for the DOT token – the native cryptocurrency of Polkadot – will increase, leading to higher prices. And, at a 60% discount from its all-time high, DOT could be on the verge of a bull run in 2022.
The Solana blockchain, which supports smart contracts, is attracting developers — and with good reason. On Solana, transactions are extremely affordable and only take a few seconds. Compared to Ethereum, the largest blockchain for smart contracts in the world, Ethereum transactions can cost up to $100 and take several minutes. Developers can create disruptive products due to low development costs.
Solana Pay was announced recently, allowing customers to pay merchants on the Solana blockchain with Solana or a stablecoin such as USDC – which is pegged to the US dollar. The fees are extremely low, which poses a threat to more expensive financial networks such as Visa and Mastercard, which charge between 2% and 3% on each transaction.
On Solana, non-fungible tokens (NFTs) are also on the rise, allowing developers to fund projects in a variety of ways, including through games and decentralized financial products.
Switch Protocol (SSW)
Seesaw Protocol is a cryptocurrency that acts as a nexus between multiple ecosystems, allowing holders to exchange value. By facilitating transactions between Binance (BNB), Polygon (MATIC) and Ethereum, SSW outperforms other cryptocurrencies (ETH).
This means Seesaw Protocol can deliver faster and cheaper transactions to holders by using the best blockchain at the optimal time (depending on congestion).
The Seesaw Protocol (SSW) presale is still in its early stages, giving buyers a great opportunity to get in early. However, one of the advantages of presale is that buyers are aware that the price cannot be reduced before the launch of SSW in April. This could be the perfect hedge, as pre-sales tend to be unaffected by world events that could shake up the rest of the cryptocurrency scene.
According to www.seesawprotocol.io
The presale price of Seesaw Protocol has already risen from $0.005 to over $0.119. Given that the pre-sale is only halfway through and assuming current rates hold, early buyers could see a 20x return before launch.
To learn more about the Seesaw protocol:
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