Like the foreign exchange or the stock market, the world of cryptocurrency faces its ups and downs. However, the crypto crash 2022 has been a new low for the market and inculcated a wave of terror among all the different crypto investors, retailers, institutions, and investment firms.
Experts suggest that there could be possible reasons for this. First and foremost, the post-pandemic situation on the globe has not improved. Secondly, US inflation, as well as the Russia&Ukraine war have caused a global recession.
Leading companies like Tesla Inc. and Micro Strategy have faced losses of millions. Even popular cryptocurrencies like Ethereum (ETH), TRON (TRX), and Solana (SOL) have not been able to sustain themselves and are subject to be underperforming. Other ones like eCash (XEC), Qtum (QTUM), and Logarithmic Finance (LOG), among others, have not fared well either.
Let's discuss the cryptocurrencies above in further detail and determine how profitable they can be in the future.
What is Qtum (QTUM)?
The Qtum (QTUM) cryptocurrency is the network's token and is essentially a fusion or a hybrid of the best parts of two popular cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). This developer-friendly platform can support DApps (decentralized applications).
The project was developed in 2016 by Ashley Houston, Neil Mahl, and Patrick Dai and has multiple uses like payment of transaction fees, earning rewards through its possession, and getting a say in governance. $QTUM holders have a say as a community and can vote on proposals such as changing the fee or any modification to include an additional feature. Theoretically, the system can absorb information at a speed of 70 transactions per second (TPS) which is 16 times faster than Bitcoin (BTC) and 7 times quicker than Ethereum (ETH).
What makes Logarithmic Finance (LOG) stand out?
Logarithmic Finance (LOG) aspires to bridge the gap and connect early-stage blockchain innovators and investors. With its debut in 2020, the project is relatively new and garnering more attention as time passes.
It facilitates the users by allowing the cross-chain movement of tokens so that they can cumulate their wealth on their preferred choice of blockchain. They assist their investor in this manner as the platform plans to integrate with popular blockchains networks like Ethereum (ETH), Binance Smart Chain (BNB), Polygon (MATIC), Avalanche (AVAX), Tezos (XTZ), and Solana (SOL).
Logarithmic Finance (LOG) takes the idea of the liquidity pool a notch higher by providing liquidity pooling options to innovators in search of funds. There are two different pool types: direct access pools (DAP) and time-freeze pools (TFP). Also, there are several kinds of pool statuses in the ecosystem.
$LOG and its robust ecosystem
$LOG is the ERC-20 token of the decentralized Logarithmic Finance ecosystem. The team is confident that as the community continues to give ideas, other advancements to facilitate project innovators and liquidity providers will take place so the ecosystem will thrive. Moreover, they aim to provide security to the swapping mechanism, improve the interface when the need arises and evolve Logarithmic Finance as a fully decentralized layer-3 swapping protocol.
Before the market recovers from the crypto crash 2022, investing early before the token explodes is imperative. Cryptocurrencies like Logarithmic Finance (LOG) have a long way ahead as they have unique and exciting projects lined up for the future. Execution is key here. Some of them include a reduction in the gas fee for all transactions, the NFT swap entailing an NFT auction, and a deflationary mechanism. Moreover, $LOG holders will have the right to create and vote for new features and updates in Logarithmic Finance (LOG). If all these plans are a success, the project has the potential to compete with bigger and more popular cryptocurrencies in the market.
For more Logarithmic Finance (LOG) info, visit: