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The month of June is predicted to exhibit a relief in terms of the crypto market downtrend. After weeks of prolonged market volatility, the cryptoverse is showing bleak but gradual signs of recovery. With the market potentially recovering, this could be the last chance for investors to put their faith in crypto again and buy the dip before the opportunity fades.
Several cryptocurrencies are evolving as an ideal investment option with the onset of June and are we discuss them further below.
Logarithmic Finance (LOG) has entered the market with an ambitious whitepaper that is being widely acknowledged by investors and analysts alike. LOG is the native token of Logarithmic Finance. As a platform, it offers cross-chain and multi-chain interoperability with the added benefit of NFT swapping. It functions on a futuristic layer-3 swapping protocol.
Logarithmic Finance (LOG) is currently in the presale phase. This means that you could invest in it at a lower price and reap heavy benefits as it launches in the coming weeks. Other than enabling a futuristic fintech project, you'll be earning from the participation in the success of a crypto token.
At the time of writing, the token has seen a hike in its value by over 400% which vouches for the platform's legitimacy and potential.
Over the past weeks, Bitcoin (BTC) has shown a bearish momentum which seems to be going stronger as the days pass. At the time of writing, Bitcoin (BTC) showed a dip in its value by nearly 5% within 24 hours.
Since the beginning of the year, more than half a billion dollars have been invested in exchange-traded Bitcoin funds, with $126 million streaming into exchange-traded products (ETP) just last week. Institutions are continuing to lock their investments in Bitcoin citing the dip in its value. This decision comes from an analysis and prediction of a surge in the value of Bitcoin (BTC) in the close future.
Hence, right now is being perceived as an opportunity to 'buy the dip' in Bitcoin. Moreover, Bitcoin's history ensures that investors can trust its features and past performances for portfolio expansion.
Green Satoshi Token (GST) is STEPN's new gaming token and it happens to be a non-fungible token (NFT). STEPN is the world's first move-to-earn (M2E) game, allowing players to earn tokens via jogging, running outside, and walking while wearing NFT sneakers. It is a creative and unprecedented venture in the crypto world that has tapped into the growing health consciousness of its target market.
Despite being fairly fresh in the market, it has a market capitalisation of $56 million. Analysts are identifying Green Satoshi Token (GST) as a potential investment option given the market conditions, the token's downward trend, and a prediction of a rise in its value in the coming weeks.
The above-mentioned tokens form a versatile list that has the potential to diversify your portfolio. The best timings for these tokens could be worth investing in right about now.
Website: https://logarithmic.finance/
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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.
