Place/Date: - April 1st, 2022 at 11:44 am UTC · 4 min read
Source: Logarithmic Finance
Any investors who are looking for a new crypto that could potentially make you a millionaire should look no further than Logarithmic Finance (LOG). The new crypto has an ambitious roadmap that aims to be a cross-chain and multi-chain platform, be NFT swappable with a reduced gas fee, that also stacks rewards for its users. Logarithmic Finance (LOG) could be the next crypto to rival giants like Monero (XMR) and PancakeSwap (CAKE) in the future.
Since the announcement from Mark Zuckerberg that Facebook would be rebranded to Meta in November 2021, the digital Metaverse world became very profitable. Also, it is reported that the Metaverse has a market opportunity of over $1 trillion in annual revenue (according to crypto investment giant Grayscale.) So Logarithmic Finance (LOG) will be a good platform to keep an eye on when it enters the Metaverse.
The crypto market is becoming very saturated by many new and existing cryptos, now is the time to do your research about new coins even before they enter the market to avoid missing out on potentially a great long-term investment. Logarithmic Finance (LOG) is very promising with its very ambitious roadmap and low crowd sale locked in at just $0.10, this is a good starting price for a potential high gain in the future.
Logarithmic Finance (LOG) aims to be a platform that allows users to make their transactions securely, which is a feature that Monero (XMR) has as they have become pioneers in this field. Monero (XMR) has been very popular because it is a platform that allows transactions to pass through privately and anonymously. The crypto giant has had some sceptics because unlike Bitcoin (BTC) which has traceable transactions, Monero (XMR) does not leave a trail, and some critics are afraid that criminal behaviour could be a result of this feature. Arguably, this feature can be very positive for vendors and customers so that their exchanges can be done securely, whilst participating in the growing Metaverse.
Another similarity between Logarithmic Finance (LOG) and Monero (XMR) is that the new crypto wants to develop smart contracts on its platform and Monero (XMR) already has this great feature in place. So, it shows that Logarithmic Finance (LOG) is moving in the right direction following in Monero’s (XMR) huge footsteps.
Monero (XMR) is normally up on the crypto market because of its popularity, but the ongoing Ukrainian-Russian war may have affected its performance, just like it has with many other leading cryptos on the market. So, this could be a prime time to capitalize on the dip and buy into the crypto. Right now, it is down by 0.92% with a live price of $194.94 USD on CoinMarketCap.
Comparatively, leader PancakeSwap (CAKE) has been very popular since its launch in September 2020. Its success could be attributed to the fact that it is an automated market maker (AMM) with a decentralized finance (DeFi) application. It allows users to exchange tokens whilst providing liquidity whilst earning and farming fees in return. Logarithmic Finance (LOG) also aims to have a DeFi application according to its Litepaper. Also, Logarithmic Finance (LOG) will allow users to swap tokens between different platforms. It is a feature that has helped PancakeSwap’s (CAKE) users. PancakeSwap (CAKE) also allows its users to trade BEP-20 tokens and it allows users to earn fees, whilst exchanging tokens. Also, like Logarithmic Finance (LOG) it allows users to stake tokens so, it shows that Logarithmic Finance (LOG) is heading in the right direction to conquer the crypto world. Also, PancakeSwap (CAKE) is up on the market by 0.33%, with a live price of $6.93 on CoinMarketCap.
So, if you are looking for the crypto with many features and benefits that the leading cryptos have, then Logarithmic Finance (LOG) could be the crypto that could make you a Millionaire. Especially if you invest early in its pre-sale for a small price, and if the coin rises you could get a nice windfall. Also, you will be able to benefit in the future from its cross-chain and multi-chain platform, being able to swap NFTs in the Metaverse and have a reduced gas fee of 80% which also incorporates stacking rewards for its users, then there is no reason why this new crypto cannot rival giants PancakeSwap (CAKE) and Monero (XMR) in the future.