Home Cryptocurrency

Logarithmic Finance Hikes Beyond 100%! Could This Be Bad News For Ethereum (ETH) and Solana (SOL)? – TechCabal

Ads

In continuation of its stellar performance, Logarithmic Finance (LOG) has shown a hike in its value by 101.22% as of 26th April 2022. LOG has pleased crypto researchers and potential investors with its performance in real-time, in addition to a promising and well-drafted whitepaper.
Although LOG is a new addition to the crypto world, it has already created a buzz with its stellar presale performance. LOG has evolved as a lucrative investment opportunity which, given the recent market gloom, can seem like a threat to the giants such as Ethereum (ETH) and Solana (SOL).
Logarithmic Finance (LOG) is a layer-3 switching protocol that eliminates third-party involvement and allows smooth communication between investors and innovators. LOG is also building a multi-chain cross-chain system that will allow investors to create funds across a range of decentralised blockchain networks, including Binance Smart Chain (BNB), Ethereum (ETH), Solana (SOL), and others. The plan is also to create a user-friendly interface and lucid smart contracts.
LOG’s developers guarantee in their whitepaper that the protocol will evolve into a completely decentralised exchanging mechanism. As a result, the platform guarantees interoperability between different blockchains. Holders of LOG tokens can also trade their cryptocurrencies for NFTs. LOG is ambitiously on its way to establishing a financial ecosystem that includes artists, technologists, and investing aficionados.
Given the present presale phase, this could be the ideal time to invest in this up-and-coming cryptocurrency to guarantee your financial future. Furthermore, LOG is debuting on a tier 3 exchange, with a significant chance of moving up to a tier 1 exchange by the time it is fully operational.
This summer, Ethereum is preparing to roll out incredibly complicated software changes, which might make ETH tokens volatile for the remainder of the year. The blockchain network, which now utilizes the proof-of-work algorithm that drives bitcoin, will switch to a proof-of-stake consensus after an event known as “the merge”. According to the experts, the proof-of-stake consensus mechanism is less battle-proof than the proof-of-work algorithm, which could mean trouble for the Ethereum network. It may be difficult for investors to put their faith in a well-known coin when it is undergoing such drastic changes.
Following its brilliant rise to $143.70, Solana (SOL) has skidded down the chart and crashed at $100.36 over the past few weeks. The downward performance of Solana over April’s market gloom season was predicted to be an ideal time to ‘buy the dip’. However, the continued downfall has started to worry the investors and disinterest the analysts as well. Solana’s resistance to market fluctuation has taken a hit and it shows minimal signs of getting better anytime soon.
Securipop (SECR) is another crypto asset worth keeping an eye on within a fluctuating market. The token’s presale period has begun, and it’s making waves in the crypto market. SECR is dedicated to providing a secure communication layer that is free of interference from outside parties. Looking at the recent volatile trends of Ethereum and Solana, Logarithmic Finance (LOG) could prove to be a secure alternative with its discounted presale prices.
For more information on Logarithmic Finance:
Check out the Securipop Token:
Keywords: Logarithmic Finance, LOG, Ethereum, ETH, Solana, SOL, crypto, investment

source

Ads
Previous articleNASA's Mars rover Perseverance snags 7th Red Planet rock sample – Space.com
Next articleGoogle Pixel 6 Black Friday Deals (2021): Early Unlocked & Carrier-Locked Pixel 6 & 6 Pro Deals Reported by The Consumer Post – Business Wire