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Benefit From This Crypto Winter With Ethereum (ETH), Solana (SOL), And Logarithmic Finance (LOG)
While no investor or investment will ever be perfect, it is important to look to the broader picture during this crypto winter and buy the dip
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Why buying the dip is key
Investing 101 practice is buying low and selling high, but in reality, many investors don’t follow this practice. Instead, they fall victim to the fear of missing out when the market is booming and selling when the market is crashing.
While no investor or investment will ever be perfect, it is important to look to the broader picture during this crypto winter and buy the dip. The adoption of crypto and blockchain technology is continuing to rise and sentiment over the utility that the technology provides has never been higher, so if you believe in crypto don’t let the falling prices paralyse you with fear and instead buy the dip.
Ethereum, the giant to power Web 3.0
Arguably, one of the safest dip buys in the market today is Ethereum (ETH). As of writing, Ethereum’s price stands at $1105, falling from its all-time high of nearly $5000 in 2021. Many experts expect that lofty price to be shattered in the coming years.
A study conducted by researchers at the University of Sydney and Macquarie University concluded that Ethereum was a better hedge against inflation than Bitcoin, and arguably the best hedge in the market today.
This is because, in their eyes, the utility of Ethereum goes further than that of Bitcoin and has more use case value to power the world of Web 3.0 and the Metaverse. That being said, Bitcoin does have a lower supply than Ethereum and strong tokenomics so it depends on your personal preference and risk tolerance. Nevertheless, Ethereum will be the leading network to power Web 3.0, so make sure that you take advantage of the discounted price this crypto winter.
Solana, the lightning-fast alternative to Ethereum
An exuberant new player to challenge Ethereum over the last 18 months is Solana (SOL). Solana boasts one of the fastest networks in the crypto ecosystem, with staggering speeds of up to 65,000 TPS. This platform is highly scalable and robust for developers who are looking to build from the ground up on the network and offers an NFT marketplace that is far cheaper than Ethereum’s.
There have, however, been reports of outages on the network which have caused some investors to lose faith in the protocol and exit amidst the precariousness. While certainly less definitive an investment than Ethereum, many still believe in Solana’s fundamental technology to power Web 3.0 and even aspects of the financial services industry because of the high transaction speeds. If Solana can prove to the community that the outages are a thing of the past, then Solana is an astute choice to add to your portfolio. The developers on the network are of a high calibre, so given time expect to see the outages disappear and Solana continue to grow.
Logarithmic Finance, the protocol connecting users to presales
For some investors trying to search for high yield and return on investments remains the priority and the best way to do that, especially during a crypto winter, is with early-stage protocols.
Logarithmic Finance (LOG) is looking to be the platform that allows users easy access and entry into presale coins through their innovative swapping mechanism via their native coin LOG, where partnered projects can be purchased directly. LOG is also a deflationary asset, with used coins being burned, enabling those who hold LOG to benefit over time as the token becomes more scarce as adoption increases.
While LOG as an investment is geared towards those investors who have a slightly higher risk tolerance it is a project many are gathering excitement for. Exhibiting a superb presale performance. If you are interested in learning more about Logarithmic Finance you can check out their website and presale below.