Cryptocurrency has been the centre of attention for quite some time now. There are those who believe that it can have a positive effect on people’s lives and those who believe it is harmful. Logarithmic Finance (LOG)
Regardless of which opinion you hold, all agree that it is an extremely popular topic. From lawsuits to millionaire stories, cryptocurrency has and will continue to be adopted by an increasing amount of the general public. Some of those cryptocurrencies include: Ethereum (ETH), Dogecoin (DOGE) and Logarithmic Finance (LOG)
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is currently in its presale phase. This means that those who purchase during the presale will be allocated a certain amount of tokens at launch.
Presales are an excellent opportunity to join projects. This is due to the fact that they are not available on the public market yet, therefore those who can find these presales can join before anyone else.
Logarithmic Finance (LOG) prides itself on being a layer-3 protocol that promotes swapping between investors and innovators. One of the largest issues faced by crypto is the lack of interconnection between blockchains, Logarithmic Finance aims to solve this issue by enabling users to swap between blockchains.
LOG will have a much lower transaction cost than some of the larger blockchains that are facing congestion issues. This reduction could be up to 80% cheaper than some of the worse fees and will even include auction place compatibility for NFTs. The NFT section will be available for those who have acquired Logarithmic Finance (LOG) tokens.
Presales are an excellent opportunity to get in on the ground floor of a cryptocurrency project. However, splitting investments between multiple cryptos will reduce the risk and increase the chance that at least one of them will become popular. Another presale available that has recently started is Securipop (SECR).
Securipop (SECR) is a cryptocurrency that will encourage community engagement. There is a chat app mentioned in their roadmap to demonstrate their dedication towards a communicative community. The application will also not take any data, therefore everything is secure and safe from resale onto unwanted marketing agencies.
Ethereum (ETH) is the second-largest cryptocurrency in existence and has continued to show its popularity throughout its existence. One of the more recent exciting developments for Ethereum (ETH) is its shift into Ethereum 2.0. Many have confused this development to mean that Ethereum is launching its own new cryptocurrency but this is not the case.
Ethereum 2.0 refers to the exciting changes that are coming to the Ethereum blockchain. For example, Ethereum will be swapping their block creation system from Proof of Work (PoW) to Proof of Stake (PoS). This is seen as a more environmentally friendly solution to reduce the vast amount of mining rig operations existing across the planet.
Following the change to PoS, Ethereum (ETH) will also be introducing shard chains. This will create 64 new chains for operations to settle on rather than everything settling on the singular chain in existence at the moment. These new developments could see Ethereum (ETH) continue to increase in price if the upgrades are successful. This could be a prime opportunity to purchase
Dogecoin (DOGE) surprised many as it was initially created as a meme and has since pioneered the term meme coin for the entire cryptocurrency industry. Various other cryptocurrencies have developed their own memes and many have succeeded through this strategy, namely Shiba Inu (SHIB).
They emphasise that no one owns Dogecoin or depending on how an individual views it, everyone does. Meme coins often rely on large communities of people to support them. In Dogecoin’s case even celebrities. The famous Elon Musk has had several interactions with Dogecoin (DOGE), each time the cryptocurrency has increased in price directly after the comments.
This even went as far as Elon Musk’s company Telsa, taking Dogecoin (DOGE) for specific bits of merchandise. This is an interesting concept for the cryptocurrency space, Dogecoin (DOGE) could experience more price spikes if Elon or other celebrities/companies begin endorsing the crypto.