Cryptocurrency really violated the mainstream consciousness. Before last year, Bitcoin (BTC) was the only one crypto-a term that most of us had heard of. Now, Ethereum (ETH), Dogecoin (DOGE)bull and bear markets, and NFT are an integral part of speech.
One emerging market that is potentially poised to change the direction in which crypto is going is DeFi. Challenge represents decentralized finance and is at the heart of what makes cryptocurrency so exciting. Simply put, Challenge “removes the control that banks and institutions have over money, financial products and financial services.”
According to the main ad platform CoinMarketCap, the total market capitalization of DeFi cryptocurrencies exceeds $139 billion. Two of the biggest DeFi crypto assets are Terra (LUNA) and Tezos (XTZ). New Challenge kid on crypto block is Log Finance (LOG); a project that hopes to reach people like Avalanche (AVAX) and Chain link (LINK) at the top of the DeFi tree.
Earth (LUNA) is a protocol that powers payment systems with stablecoins like USDT. Terra, according to its developers, combines the existing global use of conventional fiat currency with the flexibility and decentralized nature of cryptocurrency. LUNA is one of many cryptocurrencies which has demonstrated resistance to a variety of price movements as well as some market-wide downturns.
by Terra proof of participation (point of sale) This approach consumes much less energy and therefore has a lower environmental impact. This is undoubtedly an advantage, but the protocol is not without risk. If the stablecoins to which LUNA is linked fail to hold their value, the price of LUNA may become extremely volatile and fall.
Tezos (XTZ) is no different from Ethereum (ETH) in that its network is based on smart contracts. Tezoshowever, wants to set itself apart from its bigger rival by offering a more advanced infrastructure, which can evolve and improve over time.
In his 2017 presale, Tezos raised what was at the time a record $232 million. The developers behind XTZ pretend it could be “the last cryptocurrency», such is its innovation. XTZ reached an all-time high of $9.18 in October 2021. It is around 65% down at the time of writing, but in the eyes of many crypto gurus, he could challenge his own record by the end of the year.
Log Finance (LOG)
Log Finance (LOG) has big ambitions to be the next Earth (LUNA) Where Tezos (XTZ). Its white paper emphatically states that LOG is “a next-generation Layer III exchange protocol carefully designed and built to promote seamless connectivity between innovators and early-stage investors.”
NEWSPAPER will launch on the Ethereum (ETH) blockchain and in its presale phase, ETH will have to buy LOG. A total of 100 million LOG tokens will be offered, including 50 million for sale in presale. Any unsold tokens will be burned, making Logarithmic Finance a deflationary token.
Following its launch on the Ethereum network, Logarithmic Finance (LOG) plans to support many of the most popular blockchains like the Binance Smart Chain (BSC), Avalanche (AVAX), Polygon (MATIC), Tezos (XTZ)and Solana (SOL).
Throughout the crypto-sphere, an early investment can often bring investors a lot of money. From Shiba Inu (SHIB)for Filecoin (FIL), avant-garde investment, whose pre-sales are the first, millionaires have been made. Is LOG next?
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Keywords: DeFi, Cryptocurrency, Crypto, Terra, LUNA, Tezos, XTZ, Log Finance, LOG