New Cryptocurrencies to buy as Ethereum (ETH) and Cardano (ADA) take a dip: Logarithmic Finance

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2022 has been a hard year for crypto enthusiasts and investors as the market took a massive hit. Both promising decentralized projects like Ethereum (ETH) and Cardano (ADA) were not spared in the overwhelming price dump. 

On the bright side of the market, new crypto tokens like Logarithmic Finance (LOG) are rising to the surface with good potential and quality features. This might be a good time to do more research on them and possibly invest in them for the future. 

Ethereum (ETH)

Ethereum (ETH) is the second-largest blockchain ecosystem and cryptocurrency after Bitcoin. It is a high-level community-run technology that acts as a powerhouse for a large number of decentralized applications. 

Ethereum is known to be one of the pioneers of decentralized finance systems. The platform introduced crypto enthusiasts and investors to a financial form different from traditional payment forms aside from Bitcoin. 

Through Ethereum (ETH), the transfer of tokens and currency has been made possible on a large scale. Thousands of decentralized applications (dApps) are utilized by users all around the world for investment and transactional use as a result of Ethereum’s (ETH) blockchain technology. 

The ETH token is the official cryptocurrency of the Ethereum blockchain. It has the second-highest token price on all crypto charts. It was not spared in the massacre of a crypto dip this year. 

According to crypto charts, Ethereum (ETH) hit a high of $3000 in March and it has suffered a price dump which reduced it to $1000 this week. It has also reduced by a margin of -40.1% within the last seven days. 

The market is clouded with mixed feelings for crypto investors and enthusiasts as a result of the dip. Although Ethereum has been wrapped up in its high transaction fees and energy consumption issues, it remains one of the most utilized tokens in crypto. 

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Cardano (ADA)

Cardano (ADA) utilizes a proof-of-stake (PoS) consensus method to run its blockchain platform. It is famously known for being the first peer-reviewed research-based blockchain platform. As a balanced and sustainable ecosystem, the Cardano (ADA) blockchain undergoes a focused peer-review process by programming experts. 

A few months after the launch of Cardano (ADA) in 2017, its native token ADA showed great promise. ADA is known as a third-generation token created to solve scalability and infrastructural issues common to other crypto tokens like Bitcoin and Ethereum (ETH). 

The Ouroboros algorithm created by Cardano was the first process designed to solve scalability problems in the blockchain. Crypto investors who are interested in a third-generation token that is fueled by solving blockchain problems might find Cardano (ADA) a good buy regardless of the dip. The potential of this advanced blockchain ecosystem is likely to expand and spread to other non-blockchain areas in the future. 

Logarithmic Finance (LOG)

Logarithmic Finance (LOG) is a new layer III protocol in the crypto market. Despite its recent launch, it has shown great potential which might make it an ideal buy for investors interested in a platform that supports innovation. 

It is a secure, noncustodial, and cross-chain environment that creates a platform for users to amass rewards on their preferred blockchain. 

The cross-chain feature expands the scope of innovators and investors due to the connection of various blockchain ecosystems like Solana (SOL), Ethereum (ETH), Polygon (MATIC), and others in a web form. 

The native utility token of Logarithmic Finance is LOG. LOG is an ERC-20 token that offers a variety of benefits to holders and investors like a high swap ratio, governance rights, staking rewards, and other decentralized finance opportunities. NFTs rewards are also guaranteed for users that contribute to the development of the project. 

Logarithmic Finance (LOG) is still in its presale phase, so it might be ideal to buy this new cryptocurrency whilst the price is low.

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