Can Logarithmic Finance (LOG) succeed in the ways of Cardano (ADA) and Shiba Inu (SHIB)?

The cryptocurrency market has been in a difficult situation for the last few months as the crypto economy has attempted to rebuild the mess that was made months prior.

Alongside the big hitters like Bitcoin (BTC) and Ethereum (ETH) that suffered greatly, other major coins like Cardano (ADA) and Shiba Inu (SHIB) took considerable hits to their value and are attempting to get back their level before the recent crypto crash.

Newer coins like Logarithmic Finance (LOG) look to make their mark on a crypto economy in need of a boost and we look to see whether LOG is up to the task.

Can Logarithmic Finance (LOG) revolutionise the space?

As a next-generation layer-III swapping protocol, Logarithmic Finance (LOG) aims to build and promote seamless connectivity between early-stage innovators and investors.

Wanting to unleash the power of decentralised finance (DeFi), Logarithmic Finance is offering dynamic opportunities to users to raise funds on any blockchain network of their choice.

With users able to choose between the blockchains of Ethereum, Solana (SOL), Polygon (MATIC), Avalanche (AVAX), Tezos (XTZ), and Binance Smart Chain (BSC), users are given the freedom to pick the best blockchain for them taking into account both speed and cost when making their decision.

The third quarter of 2022 will see Logarithmic Finance focus on the acceleration of the project, including the integration of the ERC721 token standard, its governance launch and the staking of the LOG token.

While the fourth and final quarter of the year will see LOG introduce new integrations in its project including the integration of both its Stablecoin Swap and multiple wallets.

With LOG’s aims of introducing mass interoperability into the DeFi space, the potential is endless.

Cardano (ADA) achieves steady two-week growth

As the sixth biggest cryptocurrency in the world, amassing a market cap of almost $20 billion, according to data from CoinMarketCap, Cardano (ADA) has begun a bullish run that saw ADA rise 14.4% in the past 14 days.

Currently trading at $0.58, ADA’s price has fallen dramatically by 81% from its all-time high of $3.09, a record that was set back in September 2021.

According to the analysis of SingularityNET, ADA will finish 2022 with a trading price of $0.61.

Shiba Inu (SHIB) continues to struggle in crypto market

Shiba Inu (SHIB) has yet to replicate Cardano’s good fortune in the crypto market and in fact, SHIB is heading in the opposite direction.

SHIB has suffered a 44% dip in the past 30 days, adding to the struggles the coin has faced in the past few months.

SHIB reached its all-time high back in October 2021 and its current price is an 87% drop from that record figure.

The maximum value that SHIB could reach in 2022, according to some crypto experts, is a value of $0.004.

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