Cryptocurrencies are being integrated in many different ways. The UK has recently expressed examining regulating some stable coins, some companies are even accepting payment in specific crypto currencies. With this in mind it seems evident that crypto is not going to fade away any time soon.
The primary reason that some purchase these cryptos is in the hope that they will increase in value and therefore make them money. Chainlink (LINK), Logarithmic Finance (LOG)and Algorand (ALGO) are cryptocurrencies that have the potential to generate returns for those who can see their potential. Of course all cryptocurrency trading holds an element of risk, ensure you consider if you are in a position to invest and have that asset reduce in value.
Chainlink (LINK) – Oracle Network
Chainlink (LINK) utilises oracles in order to improve the execution of smart contracts. Normally, smart contracts are closed contained systems that either execute or do not if conditions are not met. This means that they cannot be changed and are incredible secure, due to outside influence being impossible.
However, Chainlink (LINK) can use its vast oracle network to provide live information to smart contracts. This is accomplished through very advance technology, the end result being that live information can be transmitted to and from the blockchain using this system.
This unique system provides value in a variety of situations and the more use cases that Chainlink (LINK) can find, the more the LINK token will be purchased and this will result in a price increase.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) provides a lot of different features for those who join their ecosystem. They have begun their presale journey and will be hoping to have the maximum amount of people joining their community.
Presales have often been excellent ways to grow communities before the launch of a cryptocurrency.
Logarithmic Finance (LOG) will allow staking rewards, this means that you can generate more tokens over time. Essentially this creates a passive income stream as long as the price of LOG remains the same or increases over time.
Additionally, Logarithmic Finance (LOG) will be implemented across multiple blockchains and provide integrations for a variety of use cases. This will give innovators the best chance to build on a platform that will benefit those within the ecosystem.
Another presale opportunity that should be considered is Securipop (SECR). This community based cryptocurrency is aiming to create a pleasant community that can rival any of the existing crypto groups at the moment. They will achieve this by launching a chatting application between those who own Securipop (SECR) tokens.
Algorand (ALGO) – Sustainable Blockchain
Algorand (ALGO) has prided itself on having not only a fast blockchain but one that is scaleable for the future. Many blockchains have had this criticism thrown at them. The goal of all blockchains is to grow and have more users but if the blockchain cannot handle a large volume then how can it expect to grow.
Algorand (ALGO) achieves this through various advance technologies. A few examples being relay nodes, constant compression of blockchain information and participation nodes. The most important factor will always come down to the usage of the blockchain and 4.5 million NFTs have been created on Algorand (ALGO). This demonstrates the success the blockchain has been experencing.
With more people coming towards the protocol, the more the price of ALGO may increase. Purchasing cryptocurrencies whilst they are not at their highest price point will give you a good opportunity to reap the rewards of their success later on.
Find out more about Logarithmic Finance:
https://presale.logarithmic.finance/
Find out more about Securipop:
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2022/04/07/chainlink-link-logarithmic-finance-log-and-algorand-algo-3-altcoins-that-could-make-you-money/