Crypto beginners may find it confusing and challenging to start their investment journey in the current overly saturated cryptocurrency market. With the constant increase of new coins joining the market, there is an essential need for data and information. It can be difficult to know where to begin your crypto journey, but Logarithmic Finance (LOG), Monero (XMR) and Stellar (XLM) are excellent options to consider. Here is why these 3 cryptos are in many experienced crypto investors’ portfolios.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG), a new cryptocurrency project that is currently in stage 1 presale, aspires to revolutionise the DeFi (Decentralised Finance) landscape by offering an optimal environment for both innovators and investors. This project’s major purpose is to increase network interoperability by overcoming the limitations of the current swapping protocols for cross-chain transactions.
Logarithmic Finance aims to create a safe, non-custodial cross-chain service that allows tokens to be easily exchanged between different blockchains while also allowing a variety of ways to earn money. The platform’s goal is to accommodate numerous blockchain networks, allowing innovators to raise funding on the platform of their choosing. Ethereum (ETH), Polygon (MATIC), Binance Smart Chain (BNB), Solana (SOL), Tezos (XTZ), and Avalanche (AVAX) will be among them.
The LOG community will have access to the platform’s exclusive NFT auctions. Innovators will be able to obtain payments for their NFTs in exchange for stablecoins or cryptocurrencies. Logarithmic Finance employs a safe coding scheme that stores only essential data to the blockchain, resulting in an 80% reduction in gas fees for transactions on the platform.
Currently, in presale, the LOG token has already seen exponential growth with a current rise of over 106%. While presale is a fantastic opportunity for all investors, another new crypto project, Acranup (ACRN), is also offered in the presale stage. Acranup will enable a stable DeFi ecosystem with algorithmic decentralised stablecoins. The project’s purpose is to develop a virtual currency that is powered by other cryptocurrencies instead of the US dollar.
Monero (XMR) is a cryptocurrency that was launched in 2014 to address privacy issues in the crypto industry. Its primary goal is to ensure and maintain transaction anonymity and security. As a decentralised crypto project, Monero stands out in the market because of encryption measures. These advanced mechanisms hide the identity of crypto senders and recipients.
Monero emphasises the importance of privacy preservation and censorship-resistant transactions. The platform has made it a priority to ensure that all users remain anonymous by default. All information regarding the XMR token exchange is hidden, making use tracking impossible.
The implementation of ring signatures ensures that users’ identities are obscured without any real input being known about them on a transaction-by-transaction basis — all while staying totally verifiable through signature checks. It allows for secure transactions that are guaranteed to be safe from hacks.
Stellar (XLM) is an open-source borderless cryptocurrency designed for digital currency payments. It was founded in 2014 with the goal of uniting the world’s financial systems, making it more accessible to individuals all over the globe who wish to get access without depending on third-party intermediaries such as banks and other traditional institutions.
Differently from its main crypto rival XRP, Stellar is more accessible to the general population and is more commonly used in the unbanked parts of the world, which contributes to the crypto success.
Stellar’s low cost and high-speed international transfer services put this cryptocurrency at the forefront of the industry. Stellar’s advantage and leverage derive from its exceptionally cheap transaction fees of just 0.00001 XLM each transfer. Because one unit of this cryptocurrency costs only a few cents at the time of writing, users may be able to keep more of their money.