• Wed. Jun 22nd, 2022

3 Cryptos at HODL in 2022 – Logarithmic Finance (LOG), Bitcoin (BTC) and XRP (XRP)

ByHazel R. Lang

May 31, 2022

Everyone is eagerly waiting for the next cryptocurrency to rise in value, especially now that the crypto market is showing huge signs of recovery following the recent decline in the crypto industry that swept the market. With that in mind, is it time to rekindle your enthusiasm for cryptocurrencies now that the markets are showing signs of recovery?

Logarithmic Finance (LOG) brings solutions to investors and innovators

Log Finance (LOG), began operations in 2022; however, it is still in the pre-sale stage, making it a great alternative to the established crypto. It is a secure, non-custodial cross-chain crypto network that allows interested investors to generate funds on any block chain network of their choice.

This was achieved by integrating several other block chains in its network and connect them like a web. Some of the integrated blockchains are Ethereum (ETH), Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL) and others. The network governance utility token is called LOG.

Logarithmic’s ERC-20 token Finance attracts many benefits for the holders of the token, and some of these benefits include high-yield investments, staking rewards, governance rights, superior exchange ratios, discounts, exclusive access to pools and other incentives.

Log Finance (LOG) also provides an exclusive NFT auctions for token holders. Logarithmic Finance platform innovators can be paid in any cryptocurrency or stablecoin for their NFT. Interestingly, the platform currently supports MetaMask and hopes to expand to include Coinbase Wallet, WalletConnect, and Portis in the future.

Bitcoin (BTC) – old but golden

Bitcoin (BTC) works on an audience block chain ledger that supports digital currency when used to facilitate payment for goods and services. And curiously, BTC is considered by many to be digital gold. Being the first cryptocurrency to evolve, it has a first-mover advantage over other cryptocurrencies. All other crypto coins are considered an altcoin alternative coin.

For many viewers, the cryptocurrency the investment universe seems limited to Bitcoin. There is no doubt that Bitcoin is the most well-known cryptocurrency, has the largest market capitalization and attracts investors globally, but other cryptos have emerged and are ready to take Bitcoins long-standing position as an industry leader.

XRP (XRP) – disrupting the financial services industry

XRP (XRP) is a cryptocurrency created by Ripple Labs and is used for payment settlement, asset exchange, and a funds transfer system that functions like SWIFT, an international money and security service used by many banks and other financial intermediaries. XRP is pre-mined and it uses a less complicated mining method compared to Bitcoin.

Although bitcoin transaction confirmation may take several minutes, transactions on XRP are confirmed in seconds. Again, while transaction fees are high when transacting on the Bitcoin blockchain, XRP has low fees.

Additionally, XRP is a well-known technology for its digital payment network and protocol. Therefore, many large banks use the payment system to execute transactions.

XRP Ledger is a decentralized, open-source, and permissionless network. Developers use the XRP Ledger to design solutions that address inefficiencies, such as asset transfers and tokenization.

The crypto project describes itself as a global payment network and counts major banks and financial services among its customers. Interesting way, XRP is used in its product to facilitate quick conversion between different currencies.

All 3 cryptocurrencies introduce different use cases and benefits to investors and innovators. However, when investing, it is important to make your decisions based on your own research and analysis. If you want to learn more about Logarithmic Finance, use the links below.

Log Finance (LOG)

Presale: https://presale.logarithmic.finance/register

Website: https://logarithmic.finance/


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