Humanity has reached a point in history where you can actually produce your own financial success. The crypto space has had a revolutionary impact on society by providing a platform where individuals can greatly expand the amount of money that they have. Logarithmic news…
Before you rush off to make your next crypto investment, make sure you fully understand what you’re getting yourself into. This includes differentiating the reliable coins from dead-end projects or scam cryptos.
Lucky for you, we’ve researched which decentralised finance (DeFi) coins are worthy of investing in this year… Here are the top three: Ethereum (ETH), Terra (LUNA), and Logarithmic Finance (LOG).
Ethereum (ETH) was first launched in 2015 and experienced an incredible 425% gain in value last year. It is currently the highest-ranking altcoin in the market with a current price of $3450.61 at this time of writing.
ETH is more than just a payment system; it’s a marketplace for financial services, games, and apps that is completely decentralised and secure. Experts have noticed that if the bullish trend continues, it’s very likely that its price in value will end in 2022 between $6,500 and $7,500.
Overall, it has established itself as a highly valuable crypto that has great potential for investors to make a lot of money.
Terra (LUNA) is a blockchain technology that builds a global payment system using the dollar-pegged UST. It makes DeFi available to everyone by using a set of algorithmic decentralised coins to support a thriving economy.
Furthermore, LUNA has increased by 12% in the last week and has risen nearly 130% since its lows of $0.12 in 2020. As a result, it is unquestionably one of the best-performing cryptocurrencies in recent years.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is a next-generation Layer-III switching protocol that was strategically designed to allow early-stage innovators and investors to connect smoothly.
LOG’s unique roadmap foresees future developments that will integrate into its ecosystem to provide crypto enthusiasts with the DeFi miracles they truly deserve. Overall, the LOG team believes that they offer an efficient and secure platform that the metaverse has never seen before.
Currently, they only support Ethereum (ETH) but plan to expand support for more blockchain networks in the future such as Binance Smart Chain and Solana (SOL).
Holders of the Logarithmic Finance ERC-20 governance and utility token, LOG, will be entitled to a range of benefits. Such advantages include having rights to governance as well as rewards for staking.
On a more serious note, investing in great initiatives while they are still in the early stages can help you become a crypto success. This is because investors might boost their chances of gaining a large number of advantages by making a small initial commitment.
Furthermore, the platform guarantees that only critical data is anchored on the blockchain, thus allowing for resource minimisation. Overall, they have created a fair and cost-effective gas fee structure for all transactions on Logarithmic Finance (LOG).
In general, the crypto space provides a more accessible alternative for everyone to earn money. Moreover, a study revealed that only 36% of DeFi investors had an annual income of $100,000 or above.
Thus, implying that you don’t need a lot of money to make a lot of money using crypto. A small initial investment is all you need to get you one step closer to reaching your financial goals.