The cryptocurrency market is showing clear signs of recovery, especially after the horrific crash that recently swept the market. While various prolific crypto coins lost their market value in this disastrous crash, some managed to withstand them. This crash raises several concerns regarding the stability of top-tier cryptocurrencies, which ultimately gives an edge to newer cryptocurrencies, and investors are shifting towards these. Logarithmic Finance (LOG) is an upcoming cryptocurrency that is growing tremendously in its presale stage. Let’s compare it with some significant cryptocurrencies, such as BNB (BNB) and Ripple (XRP), that retained their value after the recent crash.
Logarithmic Finance (LOG)
Despite being a newcomer to the crypto market, Logarithmic Finance (LOG) is already in the spotlight of investors and analysts. Its price has gone up by over 110% even though it hasn’t yet been released. It is a layer 3 exchange protocol that connects fintech investors and entrepreneurs while reducing friction. According to their ambitious and promising white paper, its primary goal is to bridge the gap between investors and innovators and drive the overall growth of the fintech industry.
Logarithmic Finance (LOG) provides a multi-chain cross-chain platform that allows token holders to participate in NFT auctions. The token supply for Logarithmic Finance is 4 billion, but only 1.2 billion are available during the presale – the remaining tokens will be burned. It has increased in value by more than 100% since the start of the presale. It is great news for both the founders and investors of the company. Since it is still in the presale stage, you can buy it at a discounted price. After the presale stage ends, the price will increase significantly.
BNB (BNB) is a native utility coin of the Binance platform, offering a variety of additional services including centralised exchanges, decentralised exchanges, launchpad platforms, and the potential for users to engage in agriculture and liquidity mining. Its currency holders can enjoy a variety of benefits, including discounts, project airdrops on Binance Launchpad, and the potential to benefit from Binance’s vault service.
As part of its standard market practices, Binance burns BNB every day. The process involves removing the token permanently from circulation. Due to the shortage of tokens, the number of BNB tokens will decrease and the price will increase. BNB’s (BNB) price fluctuations are reduced due to this, making it a deflationary coin. As a result of this constant reprocessing of tokens, BNB remains reliable in the long run regardless of market volatility and price volatility. With a market capitalisation of more than $51 billion, it is currently the 5th largest cryptocurrency globally.
As Ripple’s native cryptocurrency, XRP is consistently ranked in the top 10 cryptocurrencies by market capitalisation. The solution is very similar to SWIFT, an international currency and securities transfer service used in payment settlement, asset exchange, remittance systems and networks of banks and financial intermediaries. In contrast to Bitcoin (BTC), Ripple (XRP) is pre-mined and uses a less complicated mining mechanism. Ripple (XRP) has established itself as a global payment network provider with a broad customer base, including major banks and financial institutions.
Users of these institutions can quickly exchange currencies by using Ripple (XRP). It has seen significant price increases lately, despite its legal battle with the SEC. Apart from a substantial price increase, it also retains its market value during the recent market crash. It proves that Ripple (XRP) has solid foundations and it can grow exponentially in the future. With a market capitalisation of more than $20 billion, it is currently the 6th most valuable cryptocurrency worldwide.
- BNB (BNB) and Ripple (XRP) are the two cryptocurrencies with solid foundations, which have proved their capabilities by with standing the recent crypto crash. Despite losing significant market value, both are on their way to retaining their market values. Investing in either of them could be a great investment choice. Logarithmic Finance (LOG) on the other hand, is an upcoming cryptocurrency with a lot of potential. It is still in its presale stage so could be a preferred option for investors.
Keywords: Logarithmic Finance, BNB, Ripple, LOG, XRP, Cryptocurrency
For more Logarithmic Finance (LOG) information visit: