Cryptocurrency exchanges make the market tick. The biggest exchanges, like Binance, Coinbase, and Crypto.com, hold the keys to the kingdom for investors. Many crypto exchanges, notable Binance and crypto.com, have their own native tokens. BNB and CRO respectively are crucial elements in the operation of their exchanges.
Both Binance Coin (BNB) and Crypto.com Coin sit comfortably in the top 20 coins by market cap, largely due to their utility and ubiquitous presence amongst crypto enthusiasts. Utility coins, as the name suggests, are cryptocurrencies that hold real-world applications. As such, they are considered to have more potential and longer lifespans than popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Seesaw Protocol (SSW) is an up-and-coming cryptocurrency that is going great guns in its presale.
Crypto.com Coin (CRO)
Crypto.com Coin (CRO) is the native currency used on the CRO blockchain. Crypto.com‘s aim is to accelerate the adoption of cryptocurrency throughout the world. Its decentralised nature is an indication that crypto.com want to help their users have more control over their money.
CRO endured a difficult start to 2022 but towards the end of January rallied and has rebounded to the tune of 37%. At the time of writing, CRO is $0.46. Its many ad campaigns, including celebrities like Matt Damon, helped CRO reach an all-time high of $0.96 in November 2021. This was around the time that Facebook was being rebranded to Meta and many Metaverse related tokens were taking off.
The general health of the crypto market is often reflected in the price of exchange tokens like Binance Coin (BNB) and Crypto.com Coin (CRO). For this reason alone, many crypto analysts put a lot of trust in BNB and CRO. In theory, as crypto adoption grows (it is currently around 4%), as will the price of CRO and BNB.
Seesaw Protocol (SSW) Continues to Outshine the Rest of the Market
The Seesaw Protocol (SSW) presale will last for a total of 10 weeks, split into 3 stages. Stage 1 is almost complete and the price has already increased by more than 1000%. It began at $0.005 and at the time of writing has surpassed $0.064. In addition to this impressive price rise in the short term, there are several incentives to hold SSW:
- There is a 5% referral bonus to existing holders for any new backers they attract to SSW. The bonus has no limit, holders can recommend as many people as they wish.
- Each purchase and sale of SSW comes with a small fee. There is a 3% buy tax and a 5% sell tax. A percentage of each tax is redistributed amongst existing holders, meaning that the more transactions of SSW are carried out, the more free SSW tokens each holder receives.
Its utility could also see it go the distance with the likes of BNB and CRO. It will provide a bridge between leading blockchains. The Polygon and Ethereum networks will follow its launch on the Binance Smart Chain (BSC). During the presale phase, the price will only increase and this will remain the case at least until the project fully launches on the 8th of April.