When it comes to investing, deciding on the correct name for your cryptocurrency “bet” might be stressful. However, the crypto-market continues to expand, and new tokens are issued on a regular basis, posing a threat to Bitcoin’s (BTC) dominance in the digital asset arena.
This means that as the market grows, an investment wallet has the potential to grow and generate significant returns for investors, particularly if they can get into a business early (presale).
Despite the fact that Bitcoin is the most popular cryptocurrency at the moment, Ethereum (ETH), Solana (SOL), and Logarithmic Finance (LOG) have the potential to overtake it by the end of 2022.
Logarithmic Finance (LOG)
By addressing the interoperability issue that continues to plague the cryptocurrency business, Logarithmic Finance (LOG) hopes to usher in a new era of decentralised finance.
The Logarithmic Finance (LOG) trading protocol is a layer-III trading protocol that connects early-stage entrepreneurs with investors.
The LOG platform will be able to attract more innovators and investors because to its multi-chain compatibility with the Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), Tezos (XTZ), Ethereum (ETH), and Polygon (MATIC) blockchains.
Logarithmic Finance aims to build an ecosystem that can serve all of its customers, with plans to reduce gas fees by 80% and provide NFT auction capabilities solely for LOG token holders.
The possibility for the DeFi business is unlimited, with its TVL (total value locked) approaching $100 billion in July 2021, and one LOG is hoping to capitalise on it.
LOG seeks to overcome the absence of a user-friendly interface and poorly drafted smart contracts by building a lightweight user interface as well as an interesting user interface.
The presale for the LOG token is scheduled for Q1 2022, and it promises to be an exciting experience for the new coin.
After reaching $3,582 earlier this month, Ethereum (ETH) has begun a downturn (Bitstamp). The price fell to $3,140, and the indications turned negative in the process. As a result, Ethereum (ETH) has failed to make any substantial gains.
Ethereum (ETH) is eager to recover to $3,500 on shorter timescales like 4-hours, but sellers may have other plans for the week. Last Wednesday, the MACD on the daily chart formed a bearish cross, which could signify a dramatic shift in the trend.
In the short term, Ethereum (ETH) has good support right above the $3,000 level, which purchasers should be able to hold. Any additional price decline is expected to be halted around this crucial support level, which can act as a pivot for Ethereum (ETH) to resume its upward trend.
When Solana (SOL) surpassed the important resistance level of $136 in our last research, it was the top performer. This is no longer the case, as the price has dropped over 3% in the last seven days. The important support level is $100, which Solana (SOL) has managed to hold comfortably above.
Unlike ADA and ETH, Solana (SOL) today exhibited a bearish cross on the daily MACD. This signal should be taken into account because it has the potential to push the price towards $100 if buyers do not act quickly. Although volume has been high and buyers’ interest in SOL has remained robust, the bullish momentum has weakened, allowing sellers to take control.
Looking ahead, it’s prudent to not rule out the possibility of a further reduction in SOL. Before sellers run out of money, they may drop the price to $100, and purchasers will see this as an opportunity to reclaim the market.
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