Penny Cryptos That Are Retrieving the Bear Market: Logarithmic Finance (LOG) and Shiba Inu (SHIB)

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The post Penny Cryptos That Are Retrieving the Bear Market: Logarithmic Finance (LOG) and Shiba Inu (SHIB) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The past week saw a tremendous crash in the crypto market. The downward trend has almost been a constant since the beginning of the financial year and has growingly become a concern for investors and analysts alike.

The bear crypto market might build an air of scepticism but could also be seen as the ideal opportunity to invest affordably. With the crashes and presales that are flooding the crypto market, one can find several ways to navigate the dip to the best of their benefit. Another tool that can be used to make secure and promising investments during the bear market is Penny Cryptocurrency.

What Is Penny Cryptocurrency?

Penny cryptocurrency is an altcoin that can be acquired at a value under $1. Such cryptos are characteristically inexpensive to acquire and are volatile which might lead to a rewarding surge in value.

The rule of thumb while investing in crypto is considered to be that one must invest only as much as one can afford to lose. The availability of penny cryptocurrency makes this rule ideally easy to adhere to. Penny cryptocurrencies are considered to be the safe route to avoid losses and gain exponential profits. Since the acquisitions are made at a very low value, the losses are covered by HODLing for a little while, given there is any loss faced in the first place.

Some profitable examples of Penny Cryptos are Cardano (ADA), Stellar (XLM), Cronos (CRO), Decentaland (MANA) etcetera. However, some of these options that stand out in the market are Logarithmic Finance (LOG) and Shiba Inu (SHIB).

Logarithmic Finance (LOG) Launches Its Presale

Logarithmic Finance (LOG) is a new entry into the market that is making news already. The developers of Logarithmic Finance aim at creating a platform that smoothens the communication between investors, fintech developers and the new-age artists.

With its NFT Swap feature, LOG allows the investors to trade their tokens in NFTs making the digital assets very accessible. It is a cross-chain multi-chain platform that functions on a layer-3 swapping protocol.

The LOG token is currently valued at $0.008 and it has seen a hike in its value by 469% ever since it launched. The numbers speak for themselves and are all the push one needs to consider LOG tokens as an investment. Given its availability in a presale, the token is available at very affordable prices. It strongly appears to be a promising investment that has all the potential to reap heavy benefits.

Buy the Dip of Shiba Inu (SHIB)

In the bear market, Shiba Inu followed the trend and has been showing a monitored fall in value since mid-April 2022. It is a decentralised cryptocurrency created anonymously as a meme coin but has grown to establish itself as one of the tokens with huge market capitalisation. At press time, the token has an impressive market capitalisation of $4.5 billion.

It has emerged as one of the top altcoins amidst the crypto crash. If Shiba Inu’s former trend is to be trusted, right now could be an ideal time to add SHIB tokens to your portfolio and HODL.

It is highly advised to always be backed by research along with an analysis of personal financial goals and portfolio standing before making investments. However, penny cryptocurrencies might be a safe bet given their low value.