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Another market slump has taken over the cryptoverse but in the middle of these ups and downs, certain cryptocurrencies have managed to stay afloat. Moreover, there are new tokens that have big promises and a rather impressive game plan. This gloom season could be the time to either trust the established big coins or invest some faith in the promising brand new tokens.
Here is a list of tokens that can help your finances bounce back whilst the market takes a trip downtown.
The BNB token is the Binance platform's native utility coin, which offers a centralised exchange, a decentralised exchange, a launchpad platform, and a variety of additional services, including the possibility for users to engage in farming and liquidity mining. Holders of the BNB currency receive a variety of benefits, including discounts, airdrops from projects on the Binance launchpad, and even the potential to profit from Binance's vault services.
Binance burns BNB daily as healthy market practice. Burning involves permanently removing tokens from circulation, which helps to reduce the quantity of BNB tokens and thus raise the price due to scarcity. This aids in price movement and makes the Binance Coin a deflationary token.
Given this constant reprocessing of the tokens, BNB can be trusted in the long run in the face of all the market fluctuations and price volatility.
Despite being a fresh entry in the crypto market, Logarithmic Finance (LOG) has picked the interests of investors and has come under analysts' radar. The token is yet to be released and has exhibited a hike of 106.55% in its value already. LOG is a layer-3 switching protocol that links fintech investors and entrepreneurs while also lowering friction. LOG's main goal, according to their ambitious and promising whitepaper, is to bridge the gap between investors and innovators to smooth the fintech industry's overall growth.
LOG provides a multi-chain cross-chain platform where the token holders can also participate in NFT auctions. Since the coin is still in its presale phase, it has avoided the market slump and is also available at a discounted price. These could be all the signs you need to decide to invest in LOG.
Much like LOG, Securipop (SECR) is a new cryptocurrency that is making news. SECR promises to provide a secure layer that eliminates the need for third-party interference in communication. Decentralised communication channels, as well as a secure community, will benefit its investors. The token's presale period has begun, so now could be an excellent opportunity to buy SECR and be secure.
Solana (SOL) is a long-established token that can be trusted in the crypto game as it always stays in the top 10. The coin is backed by the Solana network's unique and visionary features. SOL can process about 65000 transactions per second with nearly no costs and extremely low gas fees. This ensures SOL's efficiency, affordability, and long-term viability which is the most any crypto can offer.
The coin managed to stay resilient to the market slump initially but is currently going parallel with the downward trend. This could be an opportunity to 'buy the dip' of an acclaimed token such as Solana to face any upcoming market gloom.
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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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.
