The cryptocurrency industry was no different from the rest of the financial market when the recession hit it, and 2022 was no exception.
However, the economic downturn could be used as an asset to make more profits for investors who know how to play the crypto game.
While innovation and innovative approaches are essential for the rapidly changing crypto industry, investors should look for opportunities that can give them a long-term competitive advantage.
One such cryptocurrency that innovators and investors should look out for this year is Logarithmic Finance (LOG), as it could be the next Bitcoin (BTC) or Ethereum (ETH).
Log Finance (LOG)
The new coin, Logarithmic Finance (LOG), was built in 2021. It is in the presale phase, which could be a potential investment option.
It is a next-generation coin and multi-chain platform built on Binance Smart Chain (BNB) which can also run on various other blockchain networks like Ethereum (ETH), Solana (SOL ) and others.
The main purpose of the currency is to enable innovators and newbie investors to easily transact via the Decentralized Finance (DeFi) protocol and next-generation exchange features.
The layer 3 switch protocol improves the communication efficiency between fintech innovators and investors to facilitate the development of the fintech industry.
Ethereum (ETH) is perceived as one of the most well-known cryptocurrencies and it is recommended to invest in it. An open-source decentralized blockchain, also known as the larger Altcoin, uses a peer-to-peer network called a smart contract.
It offers discounts with the upgrade phase to a Proof-of-Stake network via Ethereum Merge.
The upgraded version aims to be cost effective, fast, eco-friendly and ready to make a big price jump to compensate for the slowdown it has experienced in the past.
Many other decentralized finance (DeFi) and crypto projects are therefore developed on the Ethereum (ETH) network because it is perceived to be reliable.
As the first cryptocurrency, Bitcoin (BTC) is often used as a substitute for the word crypto in the crypto world, also known as “digital gold”. The coin was launched in 2009, is in its mature phase and has gone through a difficult period.
However, bonuses and back stories have always kept him on top. For example, since this coin is famous, EI Salvador and institutional investors are known to use it as their main legal tender.
Bitcoin (BTC) also uses a peer-to-peer payment approach, and it is a decentralized, open-source, and public blockchain network that operates by proof-of-work (POW).
Investors prefer Bitcoin (BTC) because it has the highest market value and can retain value even in times of crisis; therefore, it is selected as a long-term investment.
Logarithmic Finance (LOG), as a new coin with enhanced features and investor-friendly approaches, could be the next big hit in the crypto world as Bitcoin (BTC) is in its mature stage and Ethereum (ETH ) is in transition.
For better investment opportunities and more about logarithmic (LOG) finance, check out the following links and invest wisely. It is currently on presale, so there is an opportunity to grab it low and hold until its value increases.
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