Trading different types of cryptocurrencies can be a challenging task. Asides from learning essential details about the modern-day market, you also have to be able to identify which crypto projects have a better chance of doing well. It’s essential to understand that different crypto projects have different levels of potential that affect their overall market value. Bitcoin and Ethereum managed to grow so much because they offered untapped potential like never before. And those who invested early enough in these projects were rewarded handsomely.
Today, there are several crypto projects on the market. To make astronomical returns from these digital assets, you have to identify which of them has the highest potential for growth. A token’s potential for growth relies on the hard work of the development team and the utility it offers. Shiba Inu (SHIB), Uniswap (UNI), and Logarithmic Finance (LOG) are some of the hottest crypto projects on the market. They offer a lot of hidden potential to investors. Keep reading to find out more about these digital assets.
Shiba Inu (SHIB)
Despite the twists and turns of the global crypto market, Shiba Inu (SHIB) has managed to stay in the limelight for several reasons. While it started out as a meme coin, this digital asset is quickly winning investors over and proving itself to be an excellent choice. Shiba Inu, also popularly known as SHIB, was founded in August 2020 by an anonymous person that’s only popularly referred to as Ryoshi. Not long after its release, it was clear that this token was almost like a replica of Dogecoin (DOGE). Just like DOGE, SHIB was a meme coin name after a popular Japanese dog breed.
Today, this community-driven crypto project has expanded into a decentralized ecosystem that provides innovative solutions. SHIB is built on the Ethereum network which means that its ecosystem is compatible with several ERC-20 tokens. After its release, this crypto project was quickly touted as a Dogecoin killer. It has lived up to its reputation to date. Shiba Ina (SHIB) has effectively replaced Dogecoin in certain markets worldwide.
Uniswap (UNI)
Uniswap (UNI) is a world-leading decentralized exchange that runs on the Ethereum blockchain. As the entire world searched for different solutions outside centralized crypto projects, this platform was released as a pioneer in the world of decentralized finance. Being a DEX, Uniswap is not subjected to the control of any individual or single entity. Also, it utilizes a new trading model called the automatic liquidity protocol.
Because it runs on the Ethereum blockchain, Uniswap is compatible with all ERC-20 tokens. This DEX is also an open-source project that anyone can copy to create their own platform. Uniswap keeps users in control of all their funds and it ensures that traders give up their private keys to be a part of the internal database. UNI is the native and utility token for the Uniswap platform. It serves as a means of value exchange and to keep the platform sustainable.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is one of the newest and hottest crypto projects on the landscape. This project is designed to connect crypto innovators and connectors and ensure seamless communication between both parties. Its aim is to tackle many of the deficiencies of the modern-day crypto market. As the usage of cryptocurrency gains more popularity, many people join the network – leading to a congestion of resources.
By adopting a multi-chain approach, LOG ensures that all its users can seamlessly connect to any blockchain of their choice. This way, crypto users are not restricted to any particular system or protocol. They can simply choose the blockchain that’s most suitable and run their projects on it conveniently.
Are you interested in joining the Logarithmic Finance bandwagon? You’re not too late. Click on the presale link below to get started.
Presale: https://presale.logarithmic.finance/registerÂ
Website: https://logarithmic.finance/
Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIALÂ
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