The Seesaw protocol is up by eight per cent in today’s trading session and currently trading at $0.006798. Since its launch, the project has continued to gain traction with the users, despite not being in major exchanges.
However, due to the project being new in a very volatile cryptocurrency market, it has struggled with gaining more trading volume in the market. Part of the reason is the recent fall of new projects that have resulted in investors becoming extremely cautious. As a result, in the past 24 hours, the project has seen its trading volume drop by 54 per cent. Unfortunately, such a drop in the new cryptocurrency has meant that the total trading volume is below $10,000.
Despite the project promising huge improvement to the current blockchain technology, the lack of trading volume comes. One of the Seesaw protocol’s major functionalities, for instance, is the ability to swap your asset between multiple chains.
Although there are other platforms that offer similar services, the Seesaw protocol will allow users to swap at almost no cost. In addition, users of the platform can also use the locked liquidity functionality. Besides these functionalities, the platform also provides education inside the metaverse. This is achieved by using its numerous immersion technologies.
Seesaw Protocol Price Prediction
Today, many exchanges are yet to list the Seesaw protocol in their platform. This is despite the project having one of the best chances of changing the landscape of the cryptocurrency industry. The project has also faced challenges due to the current cryptocurrency crash in the past few days. Most investors are not looking to invest in new projects. Therefore, the prices of the Seesaw project have tumbled.
However, in the next few trading sessions, we will likely see the prices increase. Despite the limited number of exchanges, I expect more users to start using the project. I also expect the trading volume to recover. As a result, there is a high likelihood of the prices trading above $0.01 in the next few trading sessions.