2022 has been a different year compared to the previous two years. The crypto market, alongside the broader financial markets, has taken a downturn. However, those that truly know how to play the long game know that it is in times of turmoil that great fortunes are made. This is the time to search for projects with great fundamentals and follow them.
Some of the best cryptocurrencies to watch in 2022 are Bitcoin (BTC), Ethereum (ETH), and Logarithmic Finance. Each of these cryptocurrencies has a competitive edge and the potential to remain relevant in the future.
Ethereum is an open-source and decentralized smart contract platform used to power the crypto space. The blockchain network is at the heart of everything, from decentralized finance (DeFi) to non-fungible tokens and all kinds of blockchain solutions. This has made its native token, ETH, the second-largest cryptocurrency.
This is only a fraction of the story and there are other reasons why ETH is one of the top cryptocurrencies to watch in 2022. The blockchain protocol relies on Proof-of-Work (PoW) to maintain and validate the network. This is the same consensus mechanism that Bitcoin uses. Over the years, Ethereum has been transitioning to the Proof-of-Stake (PoS) consensus mechanism to improve speed, scalability, and efficiency. The move from PoW to PoS is called the Ethereum Merge.
The Ethereum Merge is a highly anticipated upgrade that will make render Ethereum mining obsolete. It is predicted that the Merge will reduce Ethereum’s energy consumption by 99%. If this happens, institutional investors will flock to buy ETH, invest in its ecosystem, and accelerate its global adoption. This will likely see ETH’s value skyrocket if the upgrade to Proof-of-stake is successful.
Ethereum co-creator Vitalik Buterin has already confirmed that the Ethereum Merge will happen in August despite being postponed several times before. It remains to be seen if the Merge will be the tide that lifts all boats or Ethereum only. Either way, Ethereum is one of the hottest cryptocurrencies to watch in 2022.
Logarithmic Finance (LOG)
Logarithmic Finance brings project innovators and investors together and unleashes the power of DeFi. Its native token, LOG, is a governance and utility token built on the Ethereum network.
It offers project creators an easy and effective path to raise funds on blockchain networks of their choice.
The LOG governance token plays a crucial role in the ecosystem as innovators offer solid discounts to LOG token holders. Project innovators create pools where they sell their tokens to investors. LOG token holders enjoy discounts and other benefits in the race to invest in projects with potential.
Logarithmic Finance is currently in the presale stage where users can buy LOG tokens. Although it is currently offered on Ethereum, Logarithmic Finance will support additional networks such as BNB Chain, Solana, Avalanche, Tezos, and Polygon.
The project began its journey in October 2021 and is currently being refined so that it meets its goals of benefiting investors, creators, and all the crypto stakeholders.
Logarithmic Finance has a maximum supply of 4 billion LOG tokens and only 1.2 billion LOG tokens will be sold during the sale. The tokens that remain unsold after the presale will be burned. LOG token is one of the most promising cryptocurrencies to watch in 2022 and beyond.
Bitcoin is the most popular cryptocurrency in the crypto space due to its first-mover advantage. The leading cryptocurrency may be going through a tough period but is known for its huge bounces and interesting comeback stories.
BTC is considered by many to be THE blue-chip cryptocurrency. Institutional investors are interested in BTC and El Salvador adopted Bitcoin as a legal tender. There are a lot of positive developments going on and Bitcoin will eventually benefit from it all. It is only a matter of time.
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