Should You Add These Cryptos To Your Portfolio? Logarithmic Finance (LOG), NEAR Protocol (NEAR) and Litecoin (LTC)
Knowing which cryptos to add to your portfolio or to get involved in might be difficult for crypto investors, especially for those that are fairly new to the space. Logarithmic news…
Proper research into each crypto project is necessary to be sure of its potential and that its objectives align with the investors. To streamline the search, this article will look into three possible cryptos to bolster your crypto holdings.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is a new multi-chain cross-chain platform that functions on a layer 3 switching protocol. The creators are revolutionising decentralised finance (DeFi) by developing a swapping protocol that unites innovators with investors and provides smooth communication among them. Logarithmic Finance (LOG) token holders will have access to its NFT space and can use their cryptos to participate in NFT auctions. Their gas fees for these transactions will be reduced by 80%.
Logarithmic Finance (LOG) will allow its innovators to raise funding on any blockchain network of their choice. Some of the options include; Polygon (MATIC), BNB Smart Chain (BSC), Tezos (XTZ), and Ethereum (ETH) among others.
The platform would also provide staking incentives and Exclusive Pools Access to its users as a reward for participating in its ecosystem. Still, in its presale phase, Logarithmic Finance is already showing great potential with a growth of over 100% and this has attracted crypto investors. This makes it a good time to buy into the project as it is at its lowest value possible and that opens up a high potential for massive returns.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a layer 1 proof of stake (PoS) decentralised blockchain with its focus on secure, accessible and scalable technology development. The NEAR token is the native currency of the NEAR Protocol and is held in complete transparency. The crypto with a market cap of over $7 billion, is one of the few tokens that was not pulled down by the market’s downtrends over the past few weeks. It is a successful token that has a lot of significant potential in the long term.
NEAR Protocol (NEAR) blockchain technology is designed to have decentralised apps (Dapps) operate on it. A great benefit of investing in NEAR Protocol (NEAR) is its low cost of exchange and the fact that its liquidity is more than most of its competitors which allows its investors to trade rapidly.
Launched on October 13th of 2011 by engineer Charlie Lee, Litecoin (LTC) is one of the oldest projects in the crypto world and that makes it one of the cryptos that can be trusted long term. The project was developed to be the “silver to Bitcoin’s gold” and many crypto investors view it as a suitable alternative for Bitcoin (BTC).
Litecoin (LTC) has a current market cap of over $6 billion which is way less expensive than Bitcoin (BTC) at over $720 billion. It can also handle 56 transactions per second (TPS) which is more than Bitcoin’s (BTC) 7 transactions per second (TPS).
Despite being an older currency, Litecoin (LTC) manages to stay up to date with new developments in the DeFi space which keeps it relevant and increases its potential for success. In January of this year, an upgrade was released. It made the transactions confidential on the digital ledger which improved the security and privacy of the ecosystem.
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