There are always new cryptocurrencies entering the market and while it might be sometimes hard to deduce which will make it in the long run, there are some projects that show their potential early on and prove to be worthy of attention and investments.
Still in its presale phase, Logarithmic Finance (LOG) is one such project that has been pleasing its investors and crypto enthusiasts with its increase in value. The newbie crypto, as well as more established projects like Solana (SOL) and Polkadot (DOT), are all investments with lots of potential for greatness which we will discuss and break down in this article.
Logarithmic Finance (LOG) has experienced a surge in value by over 100% since its pre-sale launch which is great news for its creators and its investors. However, what is Logarithmic Finance (LOG)? According to its website, it is a next-gen layer 3 swapping protocol that was designed and developed to create a smooth and straightforward connection between innovators and investors.
Launched in 2022, Logarithmic Finance (LOG) is a safe and noncustodial cross-chain environment offering innovators unique opportunities to raise funding on any blockchain network of their choice. The blockchain networks include; Ethereum (ETH), Binance Smart Chain (BNB), Polygon (MATIC), Avalanche (AVAX), Tezos (XTZ) and Solana (SOL).
LOG, the utility ERC20 coin of the Logarithmic Finance platform, allows its holders to be eligible for benefits like staking rewards, exclusive pools access, high yield investments, governance rights, and better swap ratios amongst others.
The platform also has plans for NFT auctions that will be exclusive to its token holders. Innovators will be able to receive payments for their NFTs in any cryptocurrency or stable coin. For now, the platform supports MetaMask wallet but has plans to add Coinbase Wallet, WalletConnect and Portis to its supported wallets. The creators have said there will be 4 billion LOG tokens in supply but only 1.2 billion will available in its presale phase and unsold tokens will be burned.
Solana (SOL) is one of the big dogs in cryptocurrency today. It is a decentralized blockchain running on the Proof of Stake (PoS) and Proof of History (PoH) consensus mechanism. It was developed to allow scalable and user-friendly apps. It is the fastest blockchain currently in the world and has one of the fastest-growing ecosystems in the crypto world with projects in DeFi, NFTs, Web3 and others.
Although it has seen some challenges of late, Solana (SOL) remains one of the top currencies in the market, currently ranking 7th on CoinMarketCap. Dubbed the “Ethereum (ETH) killer”, Solana (SOL) offers features that make investors have faith in it and allows it to compete well against other major currencies. One of its biggest selling points is its ability to process 65,000 transactions per second while still maintaining low transaction fees.
Released on the 26th of May in 2020, Polkadot (DOT) is a crypto project that plans to improve blockchain interoperability. This allows innovators to build products on their blockchain, however, each blockchain remains independent with its governance.
The platform also sorts transactions across different blockchain networks allowing for great scalability. DOT, which is currently ranked 14th on CoinMarketCap, is the native currency of Polkadot and it allows members to transfer assets and data across blockchains. Despite several challenges like the Ukraine and Russia war which has affected various other currencies, DOT has managed to maintain its great performance and keep its value up.
According to Polkadot’s price predictions, DOT is estimated to grow by 397.2% in five years and reach about $62 to $75 by 2028.
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