3 Cryptos To Help Manage The Market Downtrend; Logarithmic Finance (LOG), Terra (LUNA) and Binance (BNB)
The crypto trading world has been in a mini-slump for a while with some cryptos taking a dip and not performing as well as was expected. However, despite the downtrend, some cryptos have managed to stay afloat and are even performing well. Some new crypto projects in the market have ambitious goals and impressive plans, one of which is Logarithmic Finance (LOG). These are the tokens that will help investors through this market slump.
Logarithmic Finance Soars Above 100% In Presale Phase
Logarithmic Finance (LOG) is impressing its investors as well as crypto enthusiasts with its hike in price by over 100% this April. Currently in its presale phase, Logarithmic Finance (LOG) is a layer 3 switching protocol that plans to remove third party involvement in transactions and provides straightforward and easy communication between innovators and investors.
The project is a noncustodial coin that will be integrated into the metaverse to allow investors to exchange their NFTs and accept payments.
Logarithmic Finance (LOG) is also developing a multi-chain cross-chain platform that will enable investors to raise funds on a variety of blockchain networks like Ethereum (ETH), Avalanche (AVAX), Tezos (XTZ) and even BNB Smart Chain (BSC) amongst others. The goal of the creators is to develop sensible smart contracts and a user-friendly interface.
Logarithmic Finance (LOG) aims to be community driven so its users will have the ability to make proposals and vote on new features of the project. Holders of the LOG token will also be eligible for special rights inside the ecosystem. In its white paper, Logarithmic Finance (LOG) has promised that its protocol will evolve into a fully decentralized exchange and enable interoperability between different blockchain networks.
Drawing attention from video game players and in the Metaverse, Terra (LUNA) is a new cryptocurrency with plans to reward users through Play to Earn (P2E) games. Terra (LUNA) was created in January of 2018 by cofounders, Daniel Shin and Do Kwon. It was developed to address the lack of decentralization in the market’s primary stable coins.
The major selling point of the project is its NFT play to earn (P2E) games that can reward investors with up to $10,000 which makes it a very lucrative opportunity for gamers in the crypto community. According to Wallet Investor’s price prediction, Terra’s (LUNA) price might surge up to $210.60 in twelve months and $568 in April 2027 which is 5 years from now.
Binance Coin (BNB) is a cryptocurrency supported by the BNB Smart Chain (BSC). The token is the native utility coin of the Binance platform which is a platform that offers a centralized and decentralized exchange, a launchpad platform as well as a possibility for users to engage in liquidity mining and farming.
The Binance (BNB) token is deflationary which means that a quantity of the tokens are burned frequently to reduce the amount in circulation and increase its scarcity and price. The coin can be used to pay for trading fees as well as withdrawal fees and it can also be used to invest in Initial Coin Offering (ICO) available on the Binance Launchpad.
Binance Coin (BNB) is predicted by some to have a 69% surge in value by the end of the year.
Logarithmic Finance (LOG) is attempting to match up to its predecessors and with its plans and features, it is on its way to the top. As LOG is still in its presale phase, this would be a good time to secure investments in it.
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