Within the cryptocurrency market, pre-sales are a fascinating phenomenon. They are the gathering of information on the level of support for your idea before its initial debut.
Ahead of an ICO (initial coin offering), cryptocurrency projects sell their token at a discount.
On their route to becoming significantly established cryptos in the sector, both Cardano (ADA) and Terra (LUNA) had tremendously successful presales.
Logarithmic Finance (LOG), which only entered the space in October 2021 after creating the project, will undoubtedly attempt to follow in the footsteps of both Cardano and Terra.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) intends to herald a new era of decentralized finance by addressing the interoperability issue that continues to plague the cryptocurrency sector.
Logarithmic Finance (LOG) is a layer-III trading protocol designed to connect early-stage entrepreneurs and investors.
Multi-chain interoperability with the Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), Tezos (XTZ), Ethereum (ETH), and Polygon (MATIC) blockchains will allow the LOG platform to attract more innovators and investors.
Logarithmic Finance is seeking to develop an ecosystem that can cater to all of its customers, with ambitions to achieve an 80% reduction in gas fees as well as NFT auction capabilities that will be supplied exclusively for LOG token holders.
With the DeFi industry’s TVL (total value locked) surpassing $100 billion in July 2021, the opportunity for the space is limitless, and one LOG is looking to capitalize on it.
By creating a lightweight user interface as well as an engaging user interface, LOG hopes to solve the lack of a user-friendly interface and poorly written smart contracts.
The LOG token’s presale is set for Q1 2022, and it promises to be an exciting experience for the newly established coin.
Cardano (ADA)
Cardano (ADA) is the eighth most valued cryptocurrency, with a market capitalization of almost $27 billion. Charles Hoskinson, the co-founder of Ethereum (ETH), established it after falling out of love with the original smart contract network. In 2021, Cardano (ADA) soared 1600% to a new all-time high of $3.10.
Owners of 1-10 million ADA tokens increased their holdings to $9.72 at the beginning of March, indicating that Cardano whales are still packing their possessions. This shows that a large number of investors believe Cardano (ADA) will prosper in the long run, even if not immediately.
Now that the bull market appears to be returning, many people have begun to invest in Cardano (ADA). With the inclusion of smart contracts to the network, it now has all of the qualifications to compete on a global scale with Ethereum (ETH), and may even overcome it in the future years.
Terra (LUNA)
Terra (LUNA) surged over the pivot support level of $80-$82 to as high as $92.07 during early hours in Asia. Profit-taking has sent prices below $89, a new support level for the coin at the time of writing. Following lifetime highs over $120 earlier this month, the stock dropped nearly 37% in the first two weeks of April.
A governance token named LUNA exists in Terra’s money market system. Terra’s algorithmic stablecoin UST surpassed Binance USD (BUSD) to become the third-largest stablecoin by circulation in the late hours of Monday.
Terra (LUNA) also became the top buyer of Convex’s CVX token in the last 30 days, according to research firm Delphi Digital, with over $17 million in purchases.
Convex is a mechanism that allows users to earn fees without locking their CRV token, Curve’s decentralized lending currency. Terra users get a cut of the fees Terra collects on its deposits.
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