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Can Logarithmic Finance be a promising project like Monero, and The Sandbox?

Cryptocurrency Jun 10, 2022 04:30PM ET
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Can Logarithmic Finance be a promising project like Monero, and The Sandbox?
 
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Has there been a tougher time in the cryptocurrency space for new crypto projects to make a mark in the industry than now? With the expansion of the space over the last few years, the industry has become over-saturated with cryptocurrency projects, making it harder for newcomers to have an impact on the crypto sphere, such as the likes of Solana (SOL), Polygon (MATIC), and Avalanche (AVAX).

It will be a tall order for Logarithmic Finance (LOG) to have a revolutionary impact on the DeFi sector but this particular project will be in with a shot.

Can Logarithmic Finance (LOG) make a mark in the DeFi world?

With the DeFi industry booming in the last couple of years, the space has become a powerful vehicle in the digital asset space. Logarithmic Finance (LOG) is the latest project in the DeFi market that looks to become a major player in the game.

While many DeFi projects limit themselves by just deploying on one single blockchain, that’s not the path LOG decided to take. Logarithmic Finance takes interoperability seriously and aims to bring it to the DeFi sector by being interoperable on Ethereum (ETH), Tezos (XTZ), Avalanche (AVAX), Solana (SOL), Binance Smart Chain (BSC) and Polygon (MATIC).

Giving the power back to users is a significant change in blockchain and can only further improve user experience.

The LOG token is both the governance and utility ERC-20 token of Logarithmic Finance, and its holders are eligible for multiple rewards including the likes of governance rights, staking rewards, exclusive pools access and high yield investment.

Logarithmic Finance also supports NFT auction functionality, which shall be offered exclusively to the LOG holders, with the project innovators able to accept the payments for their NFTs in exchange for different cryptocurrencies or stablecoins.

The versatility in Logarithmic Finance makes it a project to be reckoned with and its journey in the next 12 months will be a very exciting one indeed.

Monero’s (XMR) crypto struggles continue

Having reached an all-time high of $542.33 in January 2018, Monero (XMR) has failed to live up to the mighty expectations it set for itself. As a privacy-oriented cryptocurrency project, Monero keeps all types of transaction data anonymous and disguises addresses used by participants. Price predictions are a popular thing in the crypto community and according to WalletInvestor, Monero’s (XMR) minimum price could rise to a level of $320 by the end of 2022 if the market turns bullish.

The Sandbox (SAND) fails to muster up market momentum

Built on the Ethereum blockchain, The Sandbox (SAND) is a virtual world where users can not only build and own their gaming experiences, but monetise them too. The Sandbox reached its all-time high in November 2021 but has since dipped over 84% to its current price. According to PricePrediction.net, The Sandbox (SAND) price is set to reach the lowest possible price of $1.37, and a maximum possible level of $1.60, with the average forecast price of $1.41.

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

Continue reading on DailyCoin

Can Logarithmic Finance be a promising project like Monero, and The Sandbox?
 

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