Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

3 Cryptocurrencies To Put Up On Your Watchlist

Published 06/24/2022, 02:48 AM
Updated 06/24/2022, 03:30 AM
3 Cryptocurrencies To Put Up On Your Watchlist

3 Cryptocurrencies To Put Up On Your Watchlist

Ever since the crypto industry started evolving, new and novel crypto projects have been launched to revolutionize this arena of decentralization supported by blockchain technology. But no market remains stagnant or green forever. Be it stocks, forex, or the crypto market itself.

The recent crypto market crash has hit the toes of almost every crypto investor, be it a retailer, an institution, or an investment firm. Just as of now, giant whales like Tesla (NASDAQ:TSLA) Inc. and Micro Strategy holding thousands and thousands of Bitcoins (BTC) have been found in a loss of millions. In fact, the Micro Strategy, holding more than 1 lac 29 thousand Bitcoins (BTC), is at an unrealized loss of $1 Billion after this crypto market crash of 2022. Even the top-performing cryptocurrencies like Ethereum (ETH), eCash (XEC), Solana (SOL), Nexo (NEXO), TRON (TRX), etc, are seeing their all-time lows.

The factors contributing to it include the global recession, Russia-Ukraine War, the high US inflation rate, and many more. Unless the world comes out of this crisis caused by the global pandemic, all the markets, including cryptocurrency, will see this bearish trend.

In this bearish market, smart investors are going all-in to secure massive gains from cheap coins (in this market) once the market again shows a green run.

In such a market, a novel crypto project, Logarithmic Finance (LOG), is all set to launch and provide its early investors with a great opportunity to secure their seats for the green market in the coming future. Let’s look deeper into the highlighted cryptocurrencies to see what’s unique about each.

About eCash (XEC) and its low price

Developed by Amaury Sechet, who was the lead developer of Bitcoin Cash (BCH), eCash (XEC) is the rebranded identity of its predecessor, Bitcoin Cash ABC (BCHA). The coin has a price in multi-decimals on the idea of its developer to keep the coin’s adoption more effective.

This helps both the investors and the currency itself. Investors can purchase piles and piles of tokens for a few bucks and forget bothering about the little amount of investment they made in that coin to hold for the long term.

On the other hand, the currency gets an ample opportunity to attract more investors, and its adoption is enhanced significantly. These coins usually show a great price appreciation even in a little greener market.

What is Nexo (NEXO)?

Nexo (NEXO) is a popular platform in the arena of decentralized finance (DeFi), contrary to traditional finance (TradFi). Its developing team also consists of crypto enthusiasts and professionals in the field of finance who tried their best to bring out a coin that ranks among the top 100 cryptocurrencies on CoinMarketCap despite its low price (but a good market cap that matters). Cryptocurrencies like these usually play well in the market with the sole purpose of generating wealth.

What makes Logarithmic Finance (LOG) roar among these giants?

Logarithmic Finance (LOG) is a next-generation Layer-3 swapping protocol that aims to allow seamless connectivity between early-stage blockchain innovators and investors, unleashing the power of DeFi and blockchain technology.

The protocol provides both parties with Pools to participate in their respective process. These pools include:

Pool (NASDAQ:POOL) Types:

  • Direct Access Pools (DAP)
  • Time Freeze Pools (TFP)
Pool Statuses:

  • Available
  • Open
  • Unbuyable
  • Completed, and
  • Dissolved

The Robust Ecosystem of LOG

Its ecosystem uses fully homomorphic encryption (FHE) to provide robust security to the swapping mechanism available to the end-users. The team aims to evolve the LOG as a fully-decentralized L-3 swapping protocol. For this purpose, they have incorporated interoperability between heterogeneous blockchain and inter-chain communications. Thus, establishing on-chain and multi-chain integrations for their users.

Conclusion

As an endnote, only those cryptocurrencies can perform well in the long term, which would survive this severe crypto market crash. Looking at Logarithmic Finance (LOG), it’s evident that the project will launch at its lowest. But it will be able to go miles with its thrilling future goals (if successfully achieved), including NFT Swap, reduced gas fees, deflationary (burning) mechanism, gaps’ bridging between the innovators and early birds, etc. The protocol’s ecosystem will function as a DAO, allowing its users to have full rights to participate in the decision-making and validation processes. Thus, it’s a great chance to find this bearish market an opportunity to early-invest in this token before it explodes like eCash (XEC) and Nexo (NEXO) did in their times.

For more information on Logarithmic Finance check out their Website or Telegram. You can find more about the presale here.

Continue reading on DailyCoin

Latest comments

How much more money do investors have to lose before websites stop publishing these articles?
Agree. early-invest in this token before it explodes like eCash (XEC) - you buy and fast sell with 50% lose which would be 90 % already today. Very smart top performing coin. How much more coins will one sell before bottom and explosion with all who said ETH today is performing good at 4200 - 4300 when you told them the graph show downtrend.  Where is today and when will be turning point we'll see. Have a nice day Peter.
ETH one day + month graph still show a downtrend.??? Gl people - try to find 113 and 114 at 61212.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.