The motto, not just in cryptocurrency, but in traditional finance is buying low and selling high.
That is the name of the game and is a trusted formula that has been tried and tested in the financial market.
With Seesaw Protocol (SSW), XRP (XRP), and Chainlink (LINK), all three cryptos are experiencing a dip in this crypto sell-off and while many will look at this as a negative, it also classes an opportunity for investors to make a buck.
Will buying the dip for Seesaw Protocol (SSW) pay off?
Despite achieving a record-breaking presale that saw Seesaw Protocol (SSW) surge over 8,000% from a starting price of $0.05 to a level of $0.45 when SSW launched, it’s been a remarkable journey for the project.
With its resounding success came a dip where SSW dropped to a price of $0.15, at this time of writing.
While many are shocked by the drop-off, volatility has and is currently an uncontrollable characteristic of the cryptocurrency industry.
With its early listings on both CoinMarketCap and CoinGecko, SSW is on the right path to establishing itself as a long-term project that could make a real impact within the digital asset space.
Able to act as a bridge across blockchains for the exchange of tokens will enable users to choose between the likes of Polygon (MATIC), Binance Smart Chain (BSC), and Ethereum with investors able to make their decision based on the speed and cost of the transaction.
Seesaw Protocol (SSW) hasn’t been an established crypto for not even a month therefore there’s still a long way to go for the project to make good on its potential.
Spring of struggle for XRP (XRP)
It’s been a tough period for XRP (XRP) as of late who’ve struggled to gain any sort of momentum and are on a current downward spiral.
There has been a major fall-off for the crypto since hitting its all-time high of $3.40 back in January 2018 as XRP now sits at $0.65, at this time of writing.
A 24.0% dip in the past 30 days, as well as a 16.3% dip in the past seven days, has heavily affected the price of the coin as it’s continually being chased down by Terra (LUNA), which is the eighth biggest cryptocurrency in the world, according to data from CoinMarketCap.
Digital Coin Price predicts that XRP will once again break through the $1 barrier by the end of 2022.
The Chainlink (LINK) crisis continues
Chainlink (LINK) benefited greatly from the altcoin boom of 2021 as LINK reached an all-time high of $52.70 and was being talked about as one of the best-performing coins of 2021.
However, like many coins that’s price was inflated in 2021, LINK started to come crashing down as it suffered a 75.9% dip from its current price of $12.67, at this time of writing.
LINK has suffered an 11.2% dip in the past seven days but has rebounded by 1% in the past hour, at this time of writing.
According to Long Forecast, they believe in the bullish ability of LINK, which is ranked as the 24th biggest crypto in the world, according to data from CoinMarketCap, and have predicted the coin will reach $48.18 by the end of 2024.