Buy Tron (TRX), Polygon (MATIC), and Logarithmic Finance (LOG) for King sized profits
Getting King sized gains through cryptocurrency investment is a difficult task but not impossible. Investors who are able to hold for the long term while ignoring short-term utility are able to book huge gains. For your benefit, we have selected three cryptocurrencies that can provide you with huge returns if you hold them for the long term.
Tron (TRX), Polygon (MATIC), and Logarithmic Finance (LOG) are three such tokens that can be bought for a huge upside in the future. Read on to discover more about these three coins and how you can benefit by investing in these tokens.
Tron achieves $10B TVL
The Tron Foundation announced major updates during the weekend update. The Total Value Locked in terms of assets on the Tron blockchain achieved $10 billion. The total number of transactions on Tron has reached 3.15 billion. The Tron blockchain height has reached 40.39 million and the total number of accounts has reached 90,663,354.
Tron is one of the most used blockchain networks in the world and continues to build providing more features to its users. It has recently introduced a new stable coin for its users.
Polygon DEX MeshSwap achieves $40 MN Daily Trading Volume
MeshSwap, a decentralized exchange built on Polygon, has achieved a trading volume of $40 million and has become the second-largest DEX in the MATIC ecosystem. It will help in the greater adoption and use of the Polygon chain.
Polygon has become one of the largest layer 2 solutions and has received great adoption from developers. Polygon hosts many interesting dApps and has become a hub for staking and DeFi protocols. Given the many use cases for the MATIC Token, it could potentially help in yielding bigger profits for your crypto portfolio.
Investors and developers can connect on Logarithmic Finance
The Logarithmic Finance (LOG) platform will provide an easy to use option for bringing together project owners and investors. It will help investors in identifying unique projects that could deliver huge returns. Project owners will be able to raise funds by creating liquidity pools on multiple blockchain networks.
At present, liquidity pools are under the control of site owners even on decentralized platforms. Logarithmic Finance will be governed through a DAO and will allow users more control over the kind of pools deployed, and the network selection will also be up to the participants.
The LOG Token will be initially deployed on Ethereum but will support other networks such as Avalanche, Binance Smart Chain, Polygon, Solana, and Tezos. This interoperability will allow users to get access to lower gas fees and quick swaps.
LOG holders will be able to reap multiple benefits in the future as rewards will be shared with all token users. They will also get access to unique projects supported by the Logarithmic Finance platform and participate in governance through the DAO.
Polygon introduces Liquid staking
The Polygon platform announced liquid staking through the Stader Polygon network. Users will be able to stake with Stader Polygon and mint a token known as MaticX, which will represent their liquid-staked MATIC. Currently, MaticX delivers 8.5% APY staking rewards. Liquid staking is increasingly becoming popular as users get more control over their funds and their assets are not locked. It also opens a world of possibilities by using staked assets on DeFi. Polygon announced the launch of liquid staking rewards through a tweet, “Liquid staking allows users to earn staking rewards for securing the network while also participating in DeFi! This week, we explore @stader_polygon, a liquid staking protocol, and all the #DeFi opportunities unlocked on staking.”
The three coins above could help in potentially yielding huge returns over the long term. Add the three tokens and increase the size of the holdings during the dip period to reap bigger gains in the future.
Learn More about Logarithmic Finance