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Robinhood Stock Trading | Investing & Articles

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Robinhood Stock Trading | Investing & Articles

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  • Robinhood review
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Home›FTX›These cryptocurrencies should be on your shopping list: Logarithmic Finance (LOG), FTX Token (FTT) and ApeCoin (APE)

These cryptocurrencies should be on your shopping list: Logarithmic Finance (LOG), FTX Token (FTT) and ApeCoin (APE)

By Tim Kane
June 12, 2022
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The bottom may not have hit yet, but now could be the perfect time to build your cryptocurrency shopping list for 2022 and beyond. Many investors already have top-tier cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). They are the kings of the market but the jungle extends beyond these cryptocurrencies.

Investors considering buying cryptocurrencies to hold for the long or short term need to consider many factors. FTX Token (FTT), ApeCoin (APE)and Log Finance (LOG) are good projects to consider.

What is a Crypto Shopping List?

A cryptocurrency shopping list is a list of cryptocurrencies you might consider buying now or in the future. It’s like a normal shopping list, except you buy cryptocurrencies.

Many factors come into play when buying cryptocurrencies. That depends on:

  • How long do you want to keep the cryptocurrency?
  • Risk appetite – are you a big risk taker?
  • Capital at your fingertips
  • Financial goals
  • How well do you know cryptocurrencies or subsectors
  • The state of the market

Having a shopping list is one way to ensure that you don’t buy cryptocurrencies on impulse. In everyday life, some people go to the grocery store and pick up everything they see on the shelves even though they don’t need it. It could ruin them financially.

It’s the same with investing. You don’t need to choose any token you see, but you do need to do your due diligence first. Watch for these projects and buy them when you think the market conditions are in your favor. In most cases, it is difficult or even impossible to time the bottom. The best solution might be to periodically buy small amounts of cryptocurrency.

You also have to consider the project they want to buy. We are no longer in 2017 when investors chose any project that incorporated the word “blockchain” into its marketing material. You need to look at solid projects with a real purpose. These are the kind of projects that could outlast bear projects and that you can confidently stick to for a long time.

The projects listed below have what it takes to be included in your cryptocurrency shopping list.

Log Finance (LOG)

Log Finance (LOG) is a non-custodial, cross-chain environment that allows founders and creators to raise funds from investors. It is a Layer III exchange protocol and the native LOG token powers the Logarithmic Finance ecosystem.

The LOG The governance token offers several benefits to holders. Logarithmic finance holders receive special discounts when purchasing tokens during their presale or other fundraising campaigns. This happens through a simple process.

Innovators create pools where they list their presale tokens and settings. Investors scour the pools to find the tokens they want to invest in. LOG token holders get a discount.

LOG token holders have governance rights. The project will launch LogDAO and token holders will be members of it. LogDAO will allow LOG governance token holders to vote on protocol changes.

Holders can also earn income through staking. The Layer III Handshake Protocol Logarithmic finance is in the presale stadium and investors who buy their LOG tokens will have more influence on the future of the ecosystem.

The Logarithmic finance The ecosystem will have a fixed supply of 4 billion LOG tokens, but only 1.2 billion LOG tokens will be sold during the presale.

Investors who buy LOG tokens during this bearish cycle have the potential to see the price of the token reach its peak in a few months or years.

FTX (FTT) and ApeCoin (APE) token

FTX Token, FTT, is the native currency of the FTX ecosystem. FTX is one of the fastest growing exchanges in the world. FTX raised about $1.8 billion in at least 7 funding rounds. FTX is a trusted exchange and this benefits its FTT token. Exchange users can buy the FTT token to get trading fee discounts.

ApeCoin is a popular token affiliated with the wildly successful Bored Ape Yacht Club NFT collection. The ApeCoin token had a great run after its launch. It has cooled off despite having the potential to reach its previous all-time high.

More info on LOG:

Website: https://logarithmic.finance/

Presale: https://presale.logarithmic.finance/register

Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

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