Decentralized Finance has come to stay. And despite the limitations they have faced over the years from top financial institutions, blockchain networks are thriving and gaining more acceptance.
Cryptocurrencies are now the main topic in financial institutions, with the majority of them owning large stakes in top coins. Nonetheless, in recent times, a lot of them have experienced dips in value. And while the panic concerning them is alarming, this is the best time for investors to take action and buy lots of tokens.
However, not all these cryptocurrencies will rise again. So, it's best to be mindful of which ones you invest in. Thus, we'll be talking about three main coins that have gained public interest – Logarithmic Finance (LOG), Dogecoin (DOGE), and Cronos (CRO).
Logarithmic Finance (LOG) is the fastest growing decentralized blockchain platform as of today. While its native token, LOG, is still in presale, it has raked in massive investments because of the potential it has to dominate the market.
The aim of Logarithmic Finance is simple: to connect investors with innovators on its platform. Logarithmic Finance is making this possible by affiliating with several blockchain networks such as Ethereum (ETH), Solana (SOL), Polygon (MATIC), and the popular Binance Smart Chain (BSC) to facilitate seamless transactions on its platform.
With its native ERC-20 token, LOG, serving as the intermediate asset during coin swaps, transactions will be faster on the platform. It's also incorporating smart homomorphic encryption modes that make smart contract execution safer.
Furthermore, Logarithmic Finance hopes to help NFT creators by reducing gas fees spent on minting. This will be a huge improvement from the high charges incurred from using most other platforms.
Heralded by the richest man on the planet, Elon Musk, DOGE has reached levels of publicity that most tokens can only dream of. Dogecoin (DOGE) is a meme coin that peaked in recent times.
Originally intended as a joke to tease cryptocurrencies, Dogecoin (DOGE) gained value and convinced its creators that the crypto market is here to stay. Dogecoin is based on the Japanese canine breed, Shiba Inu. Its logo is derived from Doge, a fan favourite dog that achieved internet stardom.
As of now, there are over 132 billion Dogecoin (DOGE) in circulation, and with a market cap of over 7 billion dollars, the best is yet to come for this coin.
Formerly known as the Crypto.com coin, Cronos (CRO) is one of the most popular altcoins in the DeFi sphere today. It functions as the native token for the Cronos blockchain network.
Cronos (CRO) blockchain is based on Ethermint and supports decentralized apps and smart contracts using Ethereum's (ETH) technology. Speaking of Ethereum, Cronos (CRO) is faster than the blockchain ETH is built on, meaning that it can handle more transactions per second.
Cronos (CRO) also uses safer security encryption methods and it is cheaper to use. Furthermore, it is the utility coin of Crypto.com, a centralized cryptocurrency exchange platform that has gained massive popularity in recent times.
It sponsors the UFC and many other sports enterprises, so its user base is really broad. Given that Cronos is a scalable platform, its utility coin, CRO, is bound to increase in coming times. Crypto.com's main emphasis is to increase awareness about the crypto market and help investors connect with innovators, and so far, it's doing just that quite successfully.
To make the most out of the cryptocurrency dip, you must be willing to take risks by buying promising coins such as Logarithmic Finance (LOG), Cronos (CRO), and Dogecoin (DOGE). These cryptocurrencies have the potential to reward you with massive returns on your portfolio when their value rises.
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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.