- Summary:
- Seesaw protocol price is up by eight percent. However, today's bull trend only tells half the story of a bad performing cryptocurrency.
Despite not being listed on most exchanges, Seesaw’s price growth has been consistent throughout the year. Today, the price is up by 8 per cent, and it looks likely that the price will continue rising throughout the session.
The biggest problem with the Seesaw Protocol
Although Seesaw has seen some big moves in the past few trading sessions, the crypto’s down by 73 per cent in the past 30 days. Compared to other cryptocurrencies, this is an underperformance.
One of the major problems with the Seesaw protocol is its lack of volatility. Since its launch, the crypto has not had a considerable trading volume. For instance, in the past 24 hours, only $930 has been transacted using the crypto. Therefore, we can safely say that despite the project being a pioneer in the non-custodial ecosystem of Defi products, it is not popular with the cryptocurrency community.
As a platform, Seesaw offers users the ability to swap their assets between multiple chains with an almost 0 per cent commission. The protocol also has locked liquidity that allows farming by implementing a gas-efficient ecosystem to gain extra yield. Seesaw is also one of the most diversified cryptocurrency projects, with other functionalities such as the use of immersion technologies in their metaverse to provide education.
Despite these functionalities, the platform has yet to establish itself as a household name. It is also struggling with trading volume, which has seen most trading days end with a total trading volume of less than $3,000. Its impact has been insignificant compared to other crypto projects that record millions in trading volume.
Seesaw Protocol Price Prediction
The protocol is yet to be launched on any major exchange. Therefore, we do not have charts for a comprehensive technical analysis. However, based on its low trading volume, holders of the crypto can expect to continue losing their investments. It is also highly likely that the project will find it hard to mount a comeback due to its low trading volume.