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It is not always easy to identify good cryptos that can provide high returns as it is a volatile market with many uncertainties. However, if you select cryptocurrencies that have a strong utility, it is highly likely that they can provide good returns in the future.
Investment over a long-term period in good coins is less risky than short-term plays. We have identified three such cryptocurrency tokens that can yield high profits in the long term. These 3 cryptocurrencies are Shiba Inu (SHIB), Logarithmic Finance (LOG), and Algorand (ALGO). Let's find out why these coins can provide huge profits.
The LOG Token is currently available on presale here. It is the primary utility token for the Logarithmic Finance ecosystem, a DeFi network and swap protocol that has many exciting features.
Unlike other token swap protocols, Logarithmic Finance will help to connect early-stage innovators with investors who will be able to raise funds quickly through the various liquidity pools available on the LOG site. Investors will be able to farm and earn handsome yields for their contribution. The project developer will have the freedom to launch a liquidity pool as per the project's requirements.
The Logarithmic Finance team will provide the options of two kinds of pools. Time Freeze Pool will come with a locked option and the other will provide flexible withdrawals. This would allow all categories of investors to access the platform and use its services on multiple networks and diverse pools. Most centralized platforms do not allow multiple networks access and strictly control liquidity pools. It acts as a restriction for project developers, severely limiting their fundraising ability.
Investors will be able to stake the LOG token and earn additional rewards. They will also be allowed to participate in the governance of the protocol if they hold LOG tokens. The platform will support multiple blockchain networks allowing a lot of flexibility for both investors as well as project owners.
Find out more about LOG's utility at the links given at the end of this article. Do your own research and follow the token's progress on social media channels.
Algorand and Hivemind have announced the acquisition of Napster. Napster is a part of the Rhapsody group that provides digital music and support for streaming technologies. The announcement was made via a tweet:
"BREAKING: @HivemindCap and @Algorand today announced the acquisition of @Napster, to once again revolutionize the music industry by bringing blockchain and Web3 to artists and fans. Music industry veteran Emmy Lovell has been named interim CEO. Stay tuned for further details."
This will provide new ways for music streaming through the ALGO blockchain and allow it to compete with other networks such as the Near Protocol.
The SHIB Token can be used to buy land in the Metaverse as per an announcement by the team. This would open a new avenue for the SHIB token and help in its increased adoption. The Shiba Inu meme cryptocurrency has seen a rapid rise after it announced plans for a Metaverse empire built on a new layer 2 solutions known as Shibarium. The Shiba Inu Token is being widely used by many payment service providers across the network. To overcome issues of a massive supply, the currency has also introduced a burn mechanism that will help in achieving a price spike for the SHIB Token.
These three coins could serve to fulfill your needs in the future. All three tokens have interesting and diverse use cases. The LOG Token can be purchased in huge quantities as it is available at rock bottom prices. Investors who have made millions from cryptocurrencies were clever enough to identify such small-cap opportunities at the right time.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
