A 203% price rise for Logarithmic Finance (LOG) in its presale.
Not a lot of cryptos do well in their presale stage, while some go ahead and perform well in the market eventually, others don’t. On the other hand, cryptos that have had successful presales have always gone on to achieve a lot in the market. Let’s take a look at a new crypto making waves in its presale as some crypto leaders battle.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) has been able to continue its amazing presale performance so far by increasing in value by over 200%. A lot of crypto enthusiasts and investors are thoroughly happy with the coin’s performance in real-time and believe with its impressive whitepaper, the sky’s the limit.
Logarithmic Finance (LOG) might be a new coin but it has been able to generate a lot of noise in the industry. It has positioned itself as a very lucrative investment which seems to be posing positive threats to giants like Ethereum (ETH) and Solana (SOL) in terms of success.
Logarithmic Finance (LOG) is a layer-3 protocol that wishes to remove the involvement of third parties from its environment while allowing very smooth communication between innovators and investors. The crypto is currently building a lot of cross-chain, multichain system which let investors to send and access funds over a good range of decentralised blockchains such as Solana (SOL), Polygon (MATIC), Avalanche (AVAX), and lots more. They plan to create a unique under-friendly interface with Lucid smart contracts.
Logarithmic Finance (LOG) whitepaper establishes that they will eventually grow into a totally decentralised exchange system. When this is done, Logarithmic Finance (LOG) will be able to carry out Interoperable transactions across blockchains.
Those in possession of the token can easily trade it for NFTs with very few fees attached to it. Logarithmic Finance (LOG) is surely showing its ability to become a unique project.
When you consider the kind of success it’s seen so far while still in its presale stage, it might be a good idea to simply get invested in this new crypto. They plan to debut on a tier 3 exchange initially, before finally going up to tier 1 when it has completed most of its goals.
Ethereum (ETH) and Solana (SOL) slumping?
As the summer begins Ethereum (ETH) is said to have plans of bringing out new changes to its software. These changes have been predicted to make its tokens very volatile for the rest of the year. Ethereum (ETH) which originally used a proof-of-work system just like its main rival Bitcoin (BTC) will now start using a proof-of-stake system.
Even though many are saying that the POS system is less secure and rigid than the POW, it’s considerably faster and has fewer transaction fees. This impending change is bound to make Ethereum’s (ETH) price fluctuate greatly and this is not something most investors are keen on.
Early in the year, Solana (SOL) was able to attain a price of over $201 but has since gone back to $96.38. Solana’s (SOL) downward trend in the previous month was what many investors call an opportunity to buy the dip, this is because when it does rebound, it will soar even higher.
Unfortunately, this rebound is yet to happen as Solana (SOL) and many other major cryptos continue to face downward in their movement. This is something that is currently worrying many investors because they know how strong Solana’s (SOL) resistance is. It’s still predicted that the crypto giant will make a major rebound very soon, and many are looking forward to that day.