The Cryptocurrency List Is Expanding By the Day: Why Logarithmic Finance (LOG), Ripple (XRP), and Solana (SOL) Are Three Cryptocurrencies Yo...

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Crypto Daily™
3d ago2022-06-22

With over 19,000 cryptocurrencies on the market, you must be wondering who the star player on the cryptocurrency list is. With the market simmering back up, Logarithmic Finance (LOG), Ripple (XRP), and Solana (SOL) are strong choices worthy of your consideration.

Why You Consider Presale Token Logarithmic Finance (LOG)

New to the market, Logarithmic Finance (LOG) is aspiring to become one of the most successful decentralised platforms. Designed to bridge the gap between early-stage investors and innovators, the platform is now offering more financial services to unleash the true potential of Decentralised Finance. 

The platform's goal is to empower innovators to fund and launch products that would attract fast and easy attention from top-notch investors new and old to the platform. The developers have facilitated the cross-chain movement of tokens between heterogeneous blockchain networks to establish interoperability. 

Investors will have the opportunity to run their projects on any blockchain of their choice including Ethereum (ETH), Binance Smart Chain (BNB) Avalanche (AVAX), and many more. 

LOG is a utility ERC-20 and the native token of Logarithmic Finance.  MetaMask is currently supported on the platform with Coinbase Wallet, Formatic, Portis and WalletConnect to be added. 

The ecosystem will have a range of pools from Digital Access Pools (DAP) to Time Freeze Pools (TFP) where they can either be available, open, unbuyable, completed, or dissolved.  Based on the pool status and pool type, then the smart contract in LOG will move the auctioning and liquidity tokens to the wallet of recipients. 



Is Ripple (XRP) Still Doing Well?

Launched in 2012, by David Schwartz, Jed McCaleb, and Arthur Britto, Ripple (XRP) is one of the most successful cryptocurrencies on the market. XRP is an open-source, permissionless, and decentralised currency for applications across the financial services space. Its speedy transactions on the XRP Ledger are three to five seconds with a low cost of $0.0002 per transaction on average. The Ledger (XRPL) is utilised due to its incredible utility with XRP, bridging two currencies to facilitate more affordable cross-border transactions around the world. 

Essentially, XRP is the alternative to traditional banking and has the facility to move different currencies around the world effortlessly.  Since 2012 the platform has closed an astonishing  70million ledgers proving its stability while also being more energy-efficient than proof-of-work blockchains. 

If you’re looking to build on the XRP Ledger, the website provides users and investors with training, support, and comprehensive documentation for developing, and directing people at XRPLorg. 

The coin has seen a rise in the past week making it a strong choice. 

What Is Going On With Solana (SOL)?

Solana (SOL) has recently been in talks due to Solend, a lending platform built on the blockchain, attempting to take control of its largest whale account which was believed to be placing the protocol at risk. Solend’s users have voted to block the move to limit the fallout from a sell-off in cryptocurrencies. 

Solana(SOL) is known to be the fastest blockchain in the world, with thousands of projects spanning NFTs, DeFi, Web3 and more. 

Solend is a decentralised app which allows users to lend and borrow funds without having to go through intermediaries. If the network was to end up in debt it could cause pressure on the Solana network. Although people have questioned the network's decentralisation, Solend will liquidate the whale’s assets over the counter to avoid a possible cascade of liquidations. 

The network ensures composability between ecosystem projects by supporting a single global state as the network scales. Your transactions are always safe by being spread over thousands of independent nodes. 

With the cryptocurrency list changing daily, make sure the coins you are looking to invest in, fit within your crypto aspirations. 

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