The cryptoverse is expanding every day with new additions and the old tokens offering fresh upgrades. Hence, crypto tokens have thereby evolved as an ideal investment plan for long-term financial security.
This is a quick list of chosen cryptocurrencies that could prove to be good for your portfolio, pockets and plans!
Logarithmic Finance (LOG)
Logarithmic Finance is a layer-3 switching protocol that also happens to be a cross-chain multi-chain platform. The LOG developers put a special emphasis on creating a network that enables investors and innovators to communicate smoothly and interact for the overall development of the fintech sphere.
LOG’s interoperability also allows the investors to potentially swap tokens across major blockchains such as Binance Smart Chain (BNB), Solana (SOL), Polygon (MATIC), Ethereum (ETH) and Avalanche (AVAX). Logarithmic Finance (LOG) will leverage the ERC-20 token standard for governance and functionality which will enable the token holders to profit from a variety of DeFi solutions. The holders can also put their tokens to use in NFT auctions which is a diversion into another brilliant digital investment opportunity.
LOG is in its presale phase and ever since its release has reported an impressive value hike of 63.57%. It is always recommended to invest in a token during the presale as the prices are discounted. Hence, bigger investments could be locked with minimal expenditure.
Monero (XMR) is an untraceable and private cryptocurrency. It has gained traction in the market since its launch in 2014, demonstrating its credibility in the crypto market.
XMR is an open-source token that’s gaining a lot of traction among crypto analysts and investors. Monero operates on a public distributed ledger system that obscures transaction information to maintain privacy. Given the appropriate combination of transparency and privacy, it has proven to be incredibly community-driven. The fundamental feature of Monero (XMR) that distinguishes it from other crypto coins is its transaction anonymity. It provides investors with stress-free investment opportunities and Monero has been around long enough to be trusted with its validity.
A definite green sign for Monero (XMR) is that it was barely affected by the recent market slump but has managed to exhibit a brilliant recovery over the past few days. This resistance against volatility could be a reason one would put their faith in XMR.
Polygon (MATIC) is projected to fare well in the crypto market as one of the fastest and most widely used Ethereum scaling protocols. The network benefits greatly from Polygon’s rapidly developing ecosystem. Polygon intends to create a multi-chain ecosystem of Ethereum-compatible blockchains by providing developers with an easy-to-use infrastructure. The MATIC token will continue to play an important role in the system’s security and governance which will secure its value for the investors.
The Polygon network provides a second-level solution (Layer 2) which means that the transactions are processed by Polygon first, rather than by the Ethereum network. This enhances the security of transactions.
Polygon has recently proclaimed that by the end of the year, it plans to be a carbon-neutral network. The network pledged $20 million to offset its carbon emissions. A move like this is analysed to be beneficial to Polygon’s overall growth.