Place/Date: - June 21st, 2022 at 1:03 pm UTC · 4 min read
Source: Logarithmic Finance (LOG)
The 2022 cryptocurrency market crash left investors waiting and anticipating the next viable digital asset. However, several cryptocurrencies are exhibiting steady growth in potential and reliability.
Among these viable cryptocurrencies, a new cryptocurrency, Logarithmic Finance (LOG), has been performing exceptionally well and garnering much recognition due to its many innovative and impressive solutions. Alongside cryptocurrency heavy weights, Bitcoin (BTC) and Ethereum (ETH), it’s showing its viability, reliability, and profitability to investors.
As a result, now is the ideal time for investors to buy the right cryptocurrencies as these digital assets have utility, future growth potential, and of course solid fundamentals.
So, let’s review these assets and why they are a must-hold for any investor.
Bitcoin (BTC) is designed to serve as a virtual currency and decentralized form of payment which eliminates third-party involvement in financial transactions, with transactions on the Bitcoin network being backed up on the public blockchain ledger.
Its native coin, BTC, had an early start over other cryptocurrencies as it was among the first digital assets in the cryptocurrency market. This helped it become the world’s foremost cryptocurrency and largest cryptocurrency by market capitalization. Its popularity and success inspired the development of several cryptocurrencies. Even though latter altcoins have either attempted to replace BTC as a payment solution or deployed as security or utility tokens in other blockchains and emerging fintechs, BTC continues to provide great interest and benefits to investors.
It shouldn’t be surprising that the two largest cryptocurrencies by market cap are on this list as they have a consistent record of profitability for investors.
Ethereum (ETH), the world’s second-largest cryptocurrency, rose to stardom due to its large community, unparalleled utility, and strength. It has always offered investors attractive purchasing opportunities, an aspect that remains true today.
Although critics may be quick to condemn its expensive network fees (gas fees) and sometimes slow blockchain network, it isn’t hard to identify their causes. Many altcoin projects are built off the Ethereum ecosystem, and the altcoins’ activities congest the ETH blockchain.
It should be noted, ETH developers are planning to fix the network’s challenges. The team has announced plans to move the Ethereum network from a proof-of-work protocol to a proof-of-stake protocol through their next intriguing upgrade, Ethereum Merge.
The switch will make the ETH ecosystem eco-friendly, faster, low-cost, and more scalable. The upgrade is scheduled for August and could potentially spark a huge rally around Ethereum.
Logarithmic Finance (LOG) is one of the new DeFi projects debuting in the cryptocurrency market in 2020. Although at its presale stage, it aims to improve investment and innovative funding in the crypto space.
It is a decentralized and secure cross-chain network that allows users and investors to accumulate wealth on their preferred blockchain.
It achieved this feature by integrating different established blockchain protocols such as Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Binance Smart Chain (BSC) into its blockchain.
Logarithmic Finance has a native ERC-20 token, LOG, which offers numerous benefits and rewards to its holders, including high-return investments, high swap ratios, and so much more.
The platform is also a decentralized autonomous organization (DAO), meaning that the utility token also gives its holders governance rights. LOG holders within the community will have the power to make decisions that govern the community’s affairs.
The LOG community plans to reward its users for contributing to the network’s development through the other new kid on the block – NFTs. Logarithmic Finance (LOG) currently supports MetaMask and plans to incorporate Portis, Coinbase Wallet, and WalletConnect into its future development.
Logarithmic Finance (LOG) is demonstrating its ability to generate wealth for investors while also attempting to address various challenges in the cryptocurrency market.
Alongside crypto heavyweights like Bitcoin (BTC) and Ethereum (ETH), Logarithmic Finance (LOG) exhibits diverse, unique features and functionalities that are giving investors pause for thought.