What makes Logarithmic Finance (LOG) stand out?
Focusing on decentralised finance (DeFi), Logarithmic Finance uses Web 3.0 as its underlying infrastructure in order to be truly decentralised. Raising funds in a decentralised platform is difficult as this can have significantly high costs. Logarithmic Finance stands out by targeting this issue head-on, presenting the idea of a liquidity pool to act as a bridge between users, enhancing the buying power of innovators that are looking for initial market entry across different blockchains.
Can Logarithmic Finance become bigger than Ethereum (ETH)?
Ethereum is the second-largest cryptocurrency on the market, so for a new one to enter the market and possibly outdo its position will take a lot. However, the reason Ethereum was able to take this position within the crypto market is because of its problem-solving. When ETH was introduced to the crypto space, it aimed to target problems at that time which was a leading factor in its popularity.
Logarithmic Finance also focuses on problem-solving with features such as its liquidity pool, which heightens its probability of ranking high within the crypto market. Already rising by over 200%, LOG is proving to be quite successful despite being in the presale stage.
How does LOG tackle Ethereum’s problems?
Logarithmic Finance has a lot going for it, one of the main attractions it holds is its low gas fees. By adopting a robust code architecture and following a minimalistic approach whilst also ensuring that crucial data is anchored on the blockchain, LOG can achieve 80% reduced gas fees. This is crucial to its users as gas fees are currently one of Ethereum’s biggest issues.
In recent weeks, Ethereum users have been disappointed in the gas fees they have to pay when there is a large volume of transactions being made at one time. However, with a clear solution, Logarithmic Finance tackles this issue so its users will not have to worry about paying thousands in gas fees alone.
The best time to invest in LOG?
As it is currently in the presale stage, this is the best time to invest in Logarithmic Finance. With its costs rising as time goes on, this is the best opportunity to invest if you wish to. At the time of writing, the price of LOG is $0.004593 and is only set to rise from here.
With the crypto market currently facing a dip, there is a lot of uncertainty within the space. It is best to conduct further research before investing.
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