Should You Have These 3 Cryptos On Your List? Avalanche (AVAX), Logarithmic Finance (LOG) and ApeCoin (APE)
The crypto space adds a new project so frequently and now investors have a ton of options. While this might feel like it’s too much and one cannot tell which crypto to choose from, there have been some projects that stand out for their innovative features and their obvious success. Logarithmic Finance (LOG) is one of such crypto projects as well as Avalanche (AVAX) and ApeCoin (APE) as we will discuss in this article.
Launched in September of 2020 by Ava Labs, Avalanche (AVAX) is an open-source proof of stake blockchain network that was developed to host decentralized apps (DApps). The platform has a market capitalization of over $15 billion and is currently the tenth most valuable crypto project in April according to Forbes.
Avalanche, just like Ethereum (ETH) and Cardano (ADA) provides blockchain software that can develop and execute smart contracts run by its native coin, AVAX. Also, compared to other blockchain networks, the project offers low-cost transaction fees and incredibly fast processing fees. In the 2 years from 2020 to 2022, the value of the cryptocurrency has gone up more than 2,000% which is an incredible feat that is hard to ignore by any crypto enthusiast.
The Crypto Newbie; Logarithmic Finance (LOG)
The layer 3 switching protocol project, Logarithmic Finance (LOG) has plans to bridge the technological gap between investors and innovators and revolutionize engagement with the crypto world as it is known today. Holders of the token, LOG, will have the ability to exchange their tokens for NFTs and will therefore have access to different digital assets.
With this, Logarithmic Finance (LOG) creators are also designing a space where fintech innovators, investors and artists can meet and network conveniently. This ecosystem will improve the access to the crypto world and maybe even grow the engagement of new crypto investors with Decentralized Finance (DeFi) currencies.
Logarithmic Finance (LOG) also has plans set in motion to build a multi-chain cross-chain platform where investors can create funds on a number of decentralized blockchains some of which include, BNB Smart Chain (BSC), Solana (SOL) and Ethereum (ETH). Currently in its presale phase, now is the best time to get in on Logarithmic Finance (LOG) and secure investments.
ApeCoin (APE) is an ERC20 utility meme “utimeme” token associated with the Bored Ape Yacht Club (BAYC) that has shot to fame. It launched on the 17th of March this year, and in the months since its release has been making waves. The token APE will serve as the cryptocurrency for the holders of the BAYC NFTs. It first got the interest of the crypto world as a meme but over time has proven that it is functional and is now regarded as a utimeme which is assuring for its investors.
The platform is creating a community-driven ecosystem for investors. The holders of the ApeCoin (APE) will also be members of the ApeCoin decentralized autonomous organization (DAO) and they won’t need to own a Bored Ape NFT to be among. The token is listed on major crypto exchanges and has a market cap of over $5 billion.
The APE token has gathered a lot of interest and most of it will seem to be because of its association with the NFTs.
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