Despite its very frequent volatility and sudden price changes, the crypto market never stops attracting investors. Some have been making millions with crypto trading and these cryptos could be your best chance to join them.
What Is Happening In The Cryptosphere
Cryptocurrency investors often buy tokens when they have already witnessed a price spike. This is a critical error since an investment makes sense if made at the right time and at low prices. In this article, we will discuss 3 cryptocurrencies that can be a good investment in the long term.
These three cryptos are: UNUS SED LEO (LEO), Thorchain (RUNE), and Logarithmic Finance (LOG). Read on to find out why these three cryptocurrencies can be potential multi-baggers in the long term to make an investment at the right time and reap huge returns in the future.
Three Cryptos Poised For A Rally
UNUS SED LEO (LEO)
The LEO Token Is the native utility token of the bitfinex cryptocurrency exchange. It is used for availing attractive discounts inside the ecosystem and has a burn mechanism. The overall supply will reduce over time.
Exchange tokens usually tend to perform very well and this is primarily because they have a use case inside the cryptocurrency exchange and can be used for discount and other purposes.
Inside the bitfinex ecosystem, it is also used for reducing trading fees. Add the LEO Token for gaining huge returns in the future.
At the time of writing, the trading price for UNUS SED LEO is $4,99 USD. The token has a live market cap of $4.7 billion and ranks top 20 on CoinMarketCap.com by market capitalisation.
Logarithmic Finance (LOG)
The Logarithmic Finance token which is currently being offered through a presale has seen a lot of social engagement on various channels such as Twitter and Telegram.
The LOG Token is currently available at very low prices and can be accumulated in huge quantities for gaining huge returns in the future. It is a utility token for a layer 3 protocol solution that will help project owners seek sufficient liquidity to fund their upcoming projects.
The earlier you invest, the better as timing is very important when trading crypto. Add the LOG Token periodically through the dollar-cost averaging method and reap huge profits.
But how does it work? Registering a particular liquidity poll on the logarithmic finance network can be done in a few clicks and once you register a liquidity pool, it can then be used by investors for farming purposes.
The percentage of fees payable for creating a liquidity pool will be shared by all LOG holders which allows the ecosystem to generate passive income for its uses.
The Logarithmic Finance Ecosystem further supports multiple blockchain networks such as Polygon, Avalanche, Solana, Tezos, and Binance Smart Chain.
Additionally, the lack of cross-chain support and the transfer of tokens is not an issue with Logarithmic Finance as two types of tools will be offered – Direct Access pools and Time Freeze pools.
Thorchain is a decentralised liquidity swapping protocol that is built on the Cosmos Network and allows cross-chain transfers between different networks. It competes with Logarithmic Finance and also provides support for synthetic asset rating.
Adding the RUNE Token along with LOG could be a good risk diversification strategy in the long term. Thorchain is basically a permission-less vault manager for your assets.
All the three cryptocurrencies mentioned above have strong utility and can be added in the long term. An early investment in these tokens could help you in realising huge profits.
At the time of writing, the THORChain trading today is $3,05 with a live market cap of $1billion and the current CoinMarketCap ranking for the token ranks top 60 by market capitalisation.
Join Logarithmic Finance’s Presale:
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice