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Cryptocurrencies are all the rage right now and for good reason. Their prices can be incredibly volatile, but when you pause and the price turns in your favor, it’s a rush like no other. With so many different coins to choose from, it can be difficult to decide which ones to invest in. These 3 coins could have great growth potential: Log Finance (LOG), Klaytn (KLAY), and The graph (GRT).
What does newcomer Logarithmic Finance (LOG) bring to the crypto market?
Logarithmic financewhose native token is LOG, further gained strength thanks to its pre-sale performance. The cryptocurrency, which has increased in value by 300% since the start of the presale, could reach higher amounts in the future, according to analysts.
Currently built on the Ethereum (ETH) blockchain, Log Finance (LOG) will soon integrate with other major networks such as Avalanche (AVAX), Solana (SOL) and Tezos (XTZ). In this way, significant reductions in transfer fees are expected. Additionally, users will be offered the freedom to use whatever network they find beneficial.
Log Finance (LOG) is on the way to becoming a vast ecosystem as it plans to provide services in many areas. It is also said that there will be an exclusive NFT market within the ecosystem. In this way, all the needs of developers and users will be met. No additional service will be required.
LOG currently provides support for the MetaMask wallet, with many more wallets expected to be added in the near future. In the crypto market, which has seen many declines recently, transaction fees have started to rise significantly. For example, at the time of writing, the Ethereum (ETH) gas charges are measured in 1000 Gwei. On the other hand, since the code structure of the Logarithmic Finance protocol is very useful, a great improvement is expected in the already low transaction fees.
The developer team aims to keep the ecosystem on the path to a Decentralized Autonomous Organization (DAO). At the same time, attempts are being made by protocol administrators to start cross-trading on many cryptocurrency exchanges.
Does Klaytn (KLAY) have future growth potential?
Kakao, the developer of Klaytn (KLAY), indicates that this coin is particularly intended for businesses. In a statement from the company, it says the coin’s initial goal is to make transfers “as easy as sending a message.” Designed on this basis, Klaytn assigns an easily readable QR code to each wallet. This way, users do not need to remember or use personal keys.
Although Klaytn (KLAY) attracts the attention of investors with its technological advantages, the fact that Kakao is the only company to develop on this blockchain raises questions about the future of the project. Investors predict that KLAY will fall out of favor if it fails to attract attention and investment from other companies in the near future. Although Kakao is considered strong support behind the play, he fails to plan further development and expansion.
Thanks to its recent breakthroughs, Klaytn (KLAY) could be considered a suitable coin for investment. In particular, it has the potential to be preferred by many companies due to its ease of use, which helps decentralized finance (DeFi) integrate into mainstream systems, and because it’s designed with business in mind. It is possible to see this situation with the volume of transactions which has increased recently.
How does The Graph (GRT) contribute to the crypto industry?
Today, Amazon, Microsoft and Google are the leaders in data storage. The combined market share of the three in the entire cloud service offering is over 50%. This means that a large number of users must depend on centralized assets. These three companies give the data they hold to whoever pays the most. It’s here that The graph (GRT) join the game.
GRTan ERC-20 token based on Ethereum (ETH) blockchain, is the native currency used on The Graph network. Users use the protocol’s native coin, GRT, to perform many operations on the network.
Due to growing investor confidence in The graph (GRT), it is cited as one of the tokens with growth potential. Any positive development and improvement in the technology or project behind The Graph may increase the price of GRT.
In general, the goal of all crypto assets is to help build a system that is not dictated or imposed by a central body. The graph (GRT) also developed an alternative approach to indexing and querying data. Much like Google indexes the internet as we know it, The Graph (GRT) indexes blockchain data from networks like Ethereum (ETH) and Filecoin (FIL).
While it is always important to do your own research before investing in any cryptocurrency, the principles behind Log Finance (LOG) seem to show potential for further development and growth. In addition, Klaytn (KLAY) may be worth watching as it continues to grow, and The graph (GRT) has already shown considerable promise.
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