Whilst Avalanche (AVAX) and FTX (FTT) tokens saw a downtrend in prices, Logarithmic Finance (LOG) was being bought heavily by both small and big investors.
Avalanche registered a decline of 2.1% in the past 24 hours. FTT coin managed to recover but is still looking weak in the coming days. At the same time, Logarithmic Finance could make history and become a successful ICO if the current trend continues.
Avalanche has become a popular blockchain network and has provided strong competition to the likes of Polkadot and Ethereum. The network has hosted many decentralised applications (dApps) and has also implemented cross-chain bridges and many security measures. The network has responded to the scalability issues, and the AVAX token has seen a lot of price increases as the network is adapted.
The AVAX token is currently at the price level of $76.18, and this could be an excellent entry point for investors looking at long-term gains. As the broader market recovers, the AVAX token should also see some growth. The overall outlook for AVAX remains positive, and the Avalanche network will be coming up with significant updates in the near future.
FTX Token (FTT)
The FTT token is the native coin of the popular FTX exchange. Exchange tokens tend to perform pretty well as they have a built-in inherent use case. The FTX coin is no exception, and as the exchange ramps up its capacity, the token will also spike in price. The FTT coin is currently halfway down from its all-time high price of $84.18, which was achieved 7 months ago, and the current price of $43.44 can be a zone of accumulation for investors looking at long-term gains.
Logarithmic Finance (LOG)
Logarithmic Finance is currently in the presale phase, and the coin has seen a lot of purchases from all categories of cryptocurrency investors. The LOG token will serve as the native coin of the Logarithmic Finance ecosystem.
Logarithmic Finance seeks to solve issues surrounding the current launchpad ecosystem. It aims to leverage the power of decentralised finance (DeFi) to provide more liquidity options to owners looking to raise funds. It will provide two pool options with a fixed vesting period and another with no such locking period. This would solve the issue of liquidity for owners during the launchpad phase.
The LOG token will be launched initially on Ethereum but will also provide support for other networks ensuring cross-chain interoperability. The LOG universe aims to incorporate support for Polygon, Binance Smart Chain, Avalanche, Tezos, and Solana.
The project will also support NFT auctions, and users will be able to swap and pay via different tokens, including stablecoins.
The entire ecosystem of Logarithmic Finance will be democratic and governed through a decentralised autonomous organisation (DAO). Earlier blockchain networks have been criticised for a centralised approach where a big whale could buy huge volumes and exercise disproportionate control over the organisation. DAO solves this issue as every token holder gets to decide and have equal rights, shaping the network’s future. This provides further legitimacy to the Logarithmic Finance network, and token holders also get an incentive to participate in and govern the project.
All three coins described above could form a great portfolio as the AVAX and FTT tokens have receded and entered into a zone where they can be added for handsome gains. The LOG token is currently being sold via its presale and can be purchased easily at an attractive price. The price should shoot up once the token starts getting listed on exchanges. Entering into such rock-solid ecosystems can provide huge potential gains in the future as the road map expands and the project gains momentum.
The LOG team is active on social media, and you can also visit the site to find out more details about this exciting new token launch.