2 Cryptocurrencies to Buy in a Heartbeat Over Shiba Inu (SHIB) – Avalanche (AVAX) and Seesaw Protocol (SSW)
The stock market has experienced its worst correction since 2020 and as we put an end to a month that has been extremely difficult for virtually all asset classes and cryptocurrencies, investors may be scratching their heads as to where they put their money next. However, savvy investors will also know that the drop presents good value for long-term trades.
Despite being one of the most popular cryptocurrencies on the planet, in part due to its historic 46,000,000% gain last year, meme coin Shiba Inu (SHIB) is not one of the digital currencies I believe will reward investors in the long run. Rather, I’d argue that real value can be found in cryptocurrencies with strong fundamentals and solid utility, along with the potential for tremendous growth. For these reasons, Avalanche (AVAX) and Seesaw Protocol (SSW) are my two favourite picks for 2022.
While there are a few factors in Shiba Inu’s favour, such as the fact that the total number of unique wallet holders has surpassed 1.1 million and the median hold period for SHIB tokens has increased to 68 days from six days in just over three months, there are multiple red flags that should scare away long-term crypto investors.
For instance, regardless of how many new owners enter the picture, the fact that Shiba Inu lacks a competitive edge or true differentiation remains. Shiba Inu’s transaction fees should be reduced by an in-house layer-2 blockchain upgrade called Shibarium, but this is unlikely to be enough to distinguish this payment coin in a space where multiple next-generation blockchain projects can offer so much more.
Shiba Inu is also of limited utility outside of cryptocurrency exchanges. Despite the fact that hundreds of new merchants have accepted SHIB as a form of payment since early October, the total number of merchants worldwide accepting Shiba Inu coin is just over 600. This compares to a global population of well over 500 million entrepreneurs.
Additionally, history has been unkind to payment coins that have delivered life-changing gains in a relatively short period of time. Cryptocurrencies that experienced five- and six-digit percentage gains in the short term almost always experienced a retracement of well over 90% following their respective peaks. Shiba Inu is likely to experience a similarly large downswing.
Avalanche (AVAX)
It’s no secret that I believe Avalanche (AVAX) has the most long-term appeal and intrigue of any cryptocurrency. This is because Avalanche provides a plethora of competitive advantages and true differentiation in a crowded market.
Avalanche is a smart contract-based blockchain network that enables unprecedented speed and scalability, as well as the development of financial and nonfinancial decentralised applications (dApps).
According to its developers, Avalanche’s transactional finality is less than two seconds and its blockchain can support more than 4,500 transactions per second (TPS). The term “transactional finality” refers to the amount of time required for a transaction to be verified as true and settled on the blockchain. This trumps the “Big Two,” Bitcoin (BTC) and Ethereum (ETH), which complete transactions in 60 and six minutes, respectively. Bitcoin and Ethereum are limited to 7 and 14 TPS, respectively.
Apart from being faster, cheaper, and more scalable than the two most popular blockchain networks that support smart contracts, Avalanche is also extremely compatible. For example, the Ethereum Virtual Machine (EVM) – a widely used piece of software for developing decentralised applications (dApps) on the Ethereum blockchain – is already operational on Avalanche’s blockchain. By incorporating the EVM into its blockchain, it can entice developers to join its network.
Seesaw Protocol (SSW)
Seesaw Protocol is unique in that it is based on the concept of interoperability. In the cryptocurrency world, transactions take place on a single blockchain – and tokens cannot be transferred between different blockchains. Seesaw Protocol provides a solution to this issue.
Bridges connect parachains and related components referred to as parathreads to other blockchains.
Seesaw Protocol (SSW) is the logical evolution of cryptocurrencies, as it enables the creation of a multi-bridge DeFi and NFT marketplace. Seesaw Protocol will act as a true cross-chain connector, bridging the divide between Binance’s Smart Chain, Polygon, and Ethereum.
According to its creators, SSW’s platform enables users to conduct cross-chain swaps at the best possible rates using multiple solutions.
Seesaw Protocol recently launched its presale, providing investors with an excellent opportunity to invest prior to potential explosive growth. As Solana (SOL), Avalanche (AVAX), and Polkadot (DOT) have repeatedly demonstrated, investing early in cryptocurrencies such as this can result in massive rewards. Solana’s value increased by more than 11,000% last year.
With so many evident advantages over Shiba Inu and a path to real-world utility, Avalanche and Seesaw Protocol are cryptocurrencies to buy in February.
For More on Seesaw Protocol:
Presale: https://presale.seesawprotocol.io/register
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol