Crypto veterans Binance Coin (BNB) and Ethereum (ETH) struggling with price correction as Logarithmic Finance (LOG) wows investors
Every now and then, new coins get released into the crypto world, which usually makes it hard for one to keep track of things.
Pinpointing new coins that will go on and be successful can be really tricky.
Logarithmic Finance (LOG) is a new coin that has just entered the cryptocurrency world and its unique offering could help it become a top dog in the DeFi space.
Logarithmic Finance developers are planning to take over the crypto space with genuine unmatched transaction speed and negligible gas fees. If there’s a time to do that, it’s now, as major crypto giants are still struggling with a price correction.
Future plans for Ethereum (ETH)
Ethereum (ETH) has been a big name in the crypto world since its inception.
Since its launch, Ethereum has been synonymous with high gas fees as well as a very slow blockchain network which at times irks users.
It faces these drawbacks usually because of the congestion it gets by handling so many transactions from altcoins that create their platform on it.
Ethereum (ETH) has been making plans to upgrade its network and fix its longstanding issues. The developers plan to implement ETH 2.0 which will be using a proof-of-stake consensus rather than the proof-of-work consensus Ethereum currently uses.
What’s up with Binance Coin (BNB) ?
Binance Coin (BNB) remains one of the most sought-after cryptos in the world. Binance Coin (BNB) has a lot of uses, most importantly BNB’s ability to be used as a transaction fee payment coin.
Binance Coin (BNB) has recently entered an agreement with an agency in Dubai in a bid to boost BNB’s presence in the region.
This agreement is set to help the exchange platform see a significant increase in its usage as well as price.
How far can Logarithmic Finance (LOG) go?
Logarithmic Finance (LOG) has stated its objective of being a decentralised finance project targeted at the next generation.
Logarithmic Finance plans to use unique interfaces as well as Web 3.0 to bring about the full potential of DeFi. It also wants to offer innovators the ability to raise enough funds for their product launch on its platform. With this in place, attracting investors becomes relatively easy to do.
Having this platform in place will allow investors to access some of their favorite projects.
Right now, Logarithmic Finance (LOG) is aiming to not only decentralize all available liquidity auctions but is on a journey to strengthen liquidity in its ecosystem.
Most of the token swap protocols that are available to crypto users right now don’t have the unique arrangement Logarithmic Finance (LOG) boasts of.
The LOG developers aim to get started with Ethereum (ETH) as its major blockchain but will upgrade and integrate others with time.
Some of the other blockchains that will be implemented include Avalanche (AVAX), Binance Smart Chain (BSC), Solana (SOL), Tezos (XTZ), and Polygon (MATIC).
Logarithmic Finance is striving to build an ecosystem that will not just be favourable for its developers but also for its users which includes innovators and investors.
Their quest to be a cross-chain and multichain system when implemented will help them achieve these goals faster.
If you want to invest in any crypto right now, make sure Logarithmic Finance is one of them.