PancakeSwap (CAKE) vs Hedera (HBAR) vs Seesaw Protocol (SSW) – Crypto Investments in March
Several cryptocurrencies, ranging from Bitcoin (BTC) to Curve DAO Token (CRV), experienced both dips and rises throughout the week of March 5th-11th. The volatility of the cryptocurrency market was on full show for both experienced and novice investors.
The values of several cryptocurrencies, such as Terra (LUNA) and Near Protocol (NEAR), have risen so far that they were mostly immune to the recent decline. NEAR and LUNA retained the great majority of their massive gains over the last few weeks.
Hedera (HBAR) and PancakeSwap (CAKE) are two coins that are not in the top 25 on the prominent cryptocurrency listing platform CoinMarketCap that may be worth looking into. In addition to these two initiatives, there is a new release that is causing quite a commotion in the crypto industry; Seesaw Protocol (SSW).
PancakeSwap is one of the most popular decentralised applications (DApps) in the world, with over a million users. It was first introduced in 2020 and rapidly gained popularity, both as a result of and as a result of the surge in DeFi cryptocurrency at the time. Users can stake and earn extra coins by using the company’s native token, CAKE. This kind of passive income has proven to be incredibly popular, despite the fact that it is highly volatile.
CAKE has been steadily declining in price for several months now, despite the current circumstances. CAKE was worth $26 in August of 2021 but is currently trading at $6.07.
Hedera (HBAR) is attempting to distinguish itself from the rest of the cryptocurrency sector. It is a hashgraph, which is an algorithm that was partially developed by Dr Leemon Baird. As a result, it is able to execute a large number of transactions in a short period of time due to the more effective utilisation of its capacity. This means that HBAR is likely to be significantly more environmentally sustainable than many of its competitors in the near future.
Some cryptocurrency specialists predict that HBAR will soon become a leading cryptocurrency project. According to some estimates, it could hit $1 before the end of the year. Given the volatility of the market, this is, of course, impossible to predict. However, because of the unpredictability of cryptocurrencies, this aim is a distinct possibility as well. For the time being, Hedera is trading at $0.21, which is 40% below its January high.
Seesaw Protocol (SSW)
Seesaw Protocol (SSW), in contrast to many other cryptocurrency projects, is not on a downwards trend. This is due to the fact that it is currently in the presale phase and can only move in one direction: up! Presales, and SSW’s in particular, provide this one-of-a-kind chance in the crypto-verse.
SSW will have Metaverse applications in addition to providing a multi-chain bridge between and among leading blockchains. Specifically, it seeks to assist in the provision of immersive educational experiences to children who may not have previously excelled in areas such as maths, science, or history.
There are just under 30 days left in the SSW presale, and some analysts anticipate the price could rise above $0.25 in the coming days and weeks. Since the 5th of March, there has been an increase of nearly 15% in the stock market.
Enter Presale: https://presale.seesawprotocol.io/register
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