3 Cryptocurrencies That You Should Hold – Logarithmic Finance (LOG), Convex Finance (CVX) and Arweave (AR)

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The post 3 Cryptocurrencies That You Should Hold – Logarithmic Finance (LOG), Convex Finance (CVX) and Arweave (AR) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

It’s in times of turmoil that fortunes are made. Digital modes of transactions have been around for almost a couple of decades. But recently, cryptocurrency rattled the industry’s roots when many coins went over the roof with their prices quadrupling. Everything went smooth until more players joined in, and the environment instantly shifted to more of a competitive mode.

By an estimate, to this day, around 19,000 cryptocurrencies are circulating on the market. And sadly, we’ve had a dip; a plunge that broke the spine of some investors in 2022.

Crypto crash 2022 discouraged some new investors from playing the game, and consequently, the industry suffered. Now, the only way out is to back your decision with a detailed analysis. Only then does one stand a chance to avoid a loss. Otherwise, it’s nothing but a blind shot in the air.

Our purpose with this guidepost is to dive deeply into the emerging cryptocurrencies that potentially hold the capacity to increase in price. Logarithmic Finance (LOG) is one that we think is an anomaly and will definitely go up to the sky if invested in. Let’s break down each of them and see which is worth your money.

Logarithmic Finance (LOG)

Money is raised to build a start-up. On an industrial scale, large investment is needed to cater to this challenge, and investors are taken on board. The exact mechanism is replicated here in Cryptocurrency by Logarithmic Finance (LOG). Before we proceed any further, we should define what it is. Logarithmic Finance (LOG) is a layer 3 swapping protocol built on Binance Smart Chain (BSC).

There’s always an objective or a mission behind the creation of any cryptocurrency. Either it’s just a meme to make people laugh and earn simultaneously, or it serves the utility and, in some cases, a combination.

Logarithmic Finance (LOG) is a platform where it encourages novice entrepreneurs to build their digital assets and connect with the investors. This platform will expose them to an audience that could be their potential prospects. For the system to thrive, these creators raise funds on the forum.

Logarithmic Finance (LOG) is a multi-chain protocol, which means that it enables its creators to raise funds on any blockchain network they are comfortable with. The networks it includes are Ethereum, Avalanche, Solana, and many more. Sometimes, the real issue is the swap because that adds in more conversion or gas fees. To cope with this, Logarithmic Finance (LOG) offers a solution and lets you raise money over any chain, cutting down the charges by a significant margin.

The platform takes into account the significance of Metaverse and NFTs in the future. And its ultimate aim is to incorporate these elements into its ecosystem. It will enable its creators to exchange their tokens for their NFTs or have them mint NFTs. This may well turn out to be a real deal maker for Logarithmic Finance (LOG) because the boom predicted for these non-fungible tokens is mind-boggling.

Convex Finance (CVX) & Arweave (AR)

Convex Finance (CVX) is an earning protocol that allows its stakeholders to win rewards for putting their money into the liquidity pool and also by staking. The value or the money parties invest isn’t locked, so they’re free to circulate the capital and its retention in the pool.

Arweave (AR) endorses the permaweb, where it’s directed to store the data of websites on the blockchain, which can later be retrieved when needed. Arweave (AR) is called a Decentralized Storage Network (DSN), which means that the platform connects the ones with the excess disk space with those short on space to neutralize the storage needs. With an exploding set of data on the internet, Arweave (AR) becomes a lucrative opportunity.

All three of these high-performance cryptos have huge potential for profit in the coming months. For information on the Logarithmic Finance (LOG) presale, follow the link below.