Shiba Inu (SHIB) and Polygon (MATIC) surge by 10% after Robinhood listing, could Logarithmic Finance replicate their success?
Shiba Inu (SHIB) and Polygon (MATIC) have seen a lot of rise soon after the Robinhood exchange disclosed that it had decided to list both tokens on its platform. The early holders of both these coins are in for huge gains and it makes sense to invest in the initial phase of such coins. One such opportunity is presented by Logarithmic Finance (LOG) which is currently being sold via a presale.
We will discuss the investment opportunity of these three tokens and why your crypto portfolio could benefit from the addition of these three coins.
The Shiba Inu meme token has registered a growth of 10% after it was listed on the Robinhood site yesterday. The SHIB coin is currently being traded at the level of $$0.00002682 at the time of writing. Huge accumulation is being carried out by investors who anticipate a price rise usually followed after such listing news.
Shiba Inu also announced plans to transition into a DAO based community and a Metaverse empire. The Robinhood listing means that millions of retail investors can now trade SHIB resulting in more growth for this coin. SHIB has seen remarkable growth, even breaking into the top 10 cryptocurrencies by market cap, displacing Dogecoin at one point.
Polygon’s MATIC token was designed to provide a low gas fee solution to the Ethereum network’s rising fees. It has expanded way beyond and is now slowly establishing its own identity. The MATIC coin is currently being traded in the region of $1.43 and looks poised to register further growth.
The MATIC network is establishing an NFT marketplace and is becoming the network of choice by developers. The Polygon ecosystem has developed into a vibrant marketplace hosting a strong developer community from all sectors.
The Logarithmic Finance ecosystem is currently in its presale phase and you can participate here. The LOG token is the native coin of the Logarithmic Finance ecosystem and the main utility of the protocol in the future will include:
- The LOG ecosystem will be DAO governed and completely decentralised. The community will shape the future of the LOG token and its ecosystem.
- Cross-chain and will integrate with major blockchains such as Binance Smart Chain, Polygon, Avalanche, Solana, and Tezos.
- Two Different Pool Types: It would ensure sufficient liquidity and access to funds for developers. Direct Access Pools will be offered without a vesting period whereas the Time Freeze Pools will lock funds for a specific period.
- It is being developed as a fully-decentralized layer-3 swapping protocol.
5. NFT auction facility for LOG holders.
The advantage of holding LOG tokens is that they can be staked and will be used for governance purposes inside the future DAO. The tokens will also be used to establish a tier-based system and users will get access to special features as per their holdings. The token will be launched on the Ethereum blockchain but will be offered with cross-chain compatibility.
As cryptocurrencies gain acceptance, more and more tokens will be launched as the use case expands. This would require launchpad and liquidity protocols with DeFi capabilities and Logarithmic Finance can sufficiently fill this current gap. There aren’t many tokens that are working in this space and the potential for growth in this space is immense.
The above three tokens have seen a resurgent interest among long-term hodlers and are being accumulated heavily. As a cryptocurrency investor, it is always best to invest during the presale phase to get the advantage of the momentum soon after the listing period. The LOG token can be a good bet for people looking to bet on the DeFi and launchpad space.