Connect with us

News

Three Cryptocurrencies To Make You Richer – Logarithmic Finance (LOG), Uniswap (UNI), and Solana (SOL)

Published

on


The idea of cryptocurrencies is to build decentralised finance, a world where financial power returns to the people as individuals, as opposed to governments or third parties or centralised systems. But the central theme is wealth generation potential embedded in every cryptocurrency. Solana (SOL), Uniswap (UNI), and Logarithmic Finance (LOG) are some of such cryptocurrencies that hold the ability to make you richer. 

Solana (SOL)

Solana is a leading cryptocurrency in the market with over $33 billion in market value. It is a decentralised blockchain that enables the creation of dApps and decentralised marketplaces. It was founded in 2017 and today ranks as one of the top ten cryptocurrencies in the world today. The fascinating features of Solana include its ultra-level speed, transaction throughput, and product utility that continues to attract an energetic demographic. This is primarily because Solana combines proof-of-stake and proof-of-history, and as such, earned its spot as the world’s fastest blockchain, processing transactions up to 50,000 per second. 

Solana is regarded as the Ethereum killer, as it has doubled down on Ethereum’s unique utility of enabling the development of dApps and marketplaces, but this time with faster transactions and more scalable infrastructure. SOL recently surpassed Ethereumin trading volume when, during a 24-hour trading span, its NFT secondary market sales generated nearly $24.3 million against Ethereum sales of $24 million during the same span across all its marketplaces. As of the time of writing, the value of SOL is $40.52, according to CoinMarketCap.

Uniswap (UNI)

Uniswap is a leading decentralised exchange app in the cryptocurrency market and currently ranks as the first DEX to attain a level of dominance that weighs bigger than some of the leading CEX (centralised exchange) platforms in terms of its trading volume.

UNI gives the user the role of liquidity providers, making them contribute assets to the decentralised liquidity pools while also leveraging role play to drive user loyalty and a sense of ownership for more efficient collaborations. The liquidity providers get to own a fraction of the fees their pool generates, taking a passive income with every fee. 

Since its launch in November 2018, Uniswap has undergone three upgrades, with the third version in use featuring improved capital efficiency, better oracles, and flexible fees.

Logarithmic Finance (LOG)

LOG, the ERC-20 token of Logarithmic Finance, is witnessing price uptrends following its presale launch. For a new generation swap protocol that has continued to generate buzz for its exceptional infrastructure and vision, there’s more to come after its launch. 

Logarithmic Finance is a platform that aims to offer swap solutions needed by Web 3.0 technology to integrate decentralised finance. It is based on Layer-III swap technology and designed to enable fast and secure swap transactions for DeFi platforms. It supports cross-chain collaborations and enhances efficiency for different transactions. The network uses homomorphic encryption crypto technology to drive innovative technologies and secure transactions. This secure swap system is placing LOG ahead of its competition. 

Token holders will be able to enjoy governance rights, have access to exclusive pools, staking privileges, increased returns, and improved swap ratios. As a LOG holder, you will be entitled to various discounts and perks as the platform grows. 

Don’t miss out, take advantage of the presale here:

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

Website: https://logarithmic.finance/  

Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL 

Was this writing helpful?



Source link

All Image and Text copyrights belong to their respective author at the
Source this is a syndicated feed of information for educational purposes.

DISCLAIMER:
Beneath Part 107 of the Copyright Act 1976, allowance is made for “truthful use” for functions corresponding to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute that may in any other case be infringing.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

News

Solana (SOL) Shows Second Worst Weekly Performance Among Top 100

Published

on

By


Solana’s SOL token ends this not-so-pleasant week for the blockchain at 9.93% cheaper than its initial values. This result puts SOL second from the end in the list of the top 100 cryptocurrencies by weekly performance by CoinMarketCap.

It is likely that such negative price action of SOL was aggravated by the situation with the hacking of wallets on the blockchain. As soon as the news of the hacking of Solana wallets became known, SOL dropped by 9%. At the same time, Solana still ranks ninth in the top cryptocurrencies by market capitalization with an estimated value of all circulating SOL tokens at $13.86 billion.

Solana’s good and bad PR

All week there were various speculations about what and how, when at last the version that the Slope application was to blame was presented. As it turned out, Slope was storing the seed phrases from wallets on centralized servers. The head of Solana Labs, Andrei Yakovenko, commenting on the situation said that any user who at least once imported their seed phrase into Slope could consider it compromised.

Sam Bankman-Fried, founder of FTX and one of the most prominent figures in the crypto market at the moment, also expressed his support for the project. According to the entrepreneur, because of bad PR Solana is the most undervalued project right now, and the SOL token is the most undervalued digital asset. He also said that any other project would break down the same way if it tried to do what Solana does.

Ads

At the same time, it would be wrong not to notice that Sam Bankman-Fried with his FTX and Alameda are directly affiliated with Solana, and the entrepreneur’s comments should be taken from that perspective.



Source link

All Image and Text copyrights belong to their respective author at the
Source this is a syndicated feed of information for educational purposes.

DISCLAIMER:
Beneath Part 107 of the Copyright Act 1976, allowance is made for “truthful use” for functions corresponding to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute that may in any other case be infringing.”

Continue Reading

News

Solana Technical Analysis Report | 4th-AUG-2022

Published

on

By


SOL, the native token of the Solana network, is a popular asset with a market capitalization of $13.6 bn. The asset dipped under the 20-day EMA ($40) this Tuesday and fell to the 50-day SMA ($37) yesterday. The reason for this dip might be due to the negative publicity it got over the $8 Million […]
The post Solana Technical Analysis Report | 4th-AUG-2022 appeared first on ZebPay.

SOL, the native token of the Solana network, is a popular asset with a market capitalization of $13.6 bn. The asset dipped under the 20-day EMA ($40) this Tuesday and fell to the 50-day SMA ($37) yesterday. The reason for this dip might be due to the negative publicity it got over the $8 Million user fund having been taken out by unknown hackers from the Solana-based hot-wallets which included TrustWallet, Phantom, and Slope. This made the Solana ecosystem the biggest victim of the crypto asset hack. 

Read more: Solana Ecosystem Under Attack

At the time of writing, SOL was trading at $39.7.

Solana (SOL) Chart | 4th August 2022
Solana (SOL) Chart

SOL made a ‘Shooting Star’ (Bearish) candle on 2nd April at $143 and plunged by almost 81% within three months making the low of $25.86. Post this move, the asset made a ‘Tweezer Bottom’ pattern at the low and rallied up to $47.36. Currently, on a daily time frame, SOL is trading in a ‘Symmetrical Triangle’ pattern where the ascending trendline acts as a support and the descending trendline acts as a strong resistance. Breakouts on either side of the pattern with good volumes will further decide the trend for the asset.

Support 2 Support 1 Asset Resistance 1 Resistance 2
$25 $32 SOL $48 $60

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation, or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness, or reliability of the information, opinions, or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in crypto assets viz. Bitcoin, Bitcoin Cash, Ethereum, etc are very speculative and are subject to market risks. The analysis by the Author is for informational purposes only and should not be treated as investment advice.

The post Solana Technical Analysis Report | 4th-AUG-2022 appeared first on ZebPay.





Source link

All Image and Text copyrights belong to their respective author at the
Source this is a syndicated feed of information for educational purposes.

DISCLAIMER:
Beneath Part 107 of the Copyright Act 1976, allowance is made for “truthful use” for functions corresponding to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute that may in any other case be infringing.”

Continue Reading

News

Solana holdings on Phantom, Slope, and Trust wallets compromised

Published

on

By


The Solana ecosystem appears to have suffered a close to $ 6 million hack, wiping off Solana tokens ( SOL) on a few hot wallets on Tuesday evening. The details about the hacker remain unknown as of today. The hack has occurred on Phantom, Slope, and Trust wallets wiping off the assets of close to […]
The post Solana holdings on Phantom, Slope, and Trust wallets compromised appeared first on ZebPay.

The Solana ecosystem appears to have suffered a close to $ 6 million hack, wiping off Solana tokens ( SOL) on a few hot wallets on Tuesday evening. The details about the hacker remain unknown as of today. The hack has occurred on Phantom, Slope, and Trust wallets wiping off the assets of close to 8000 accounts as per Blockchain auditor Otter Sec. While users pointed out that the hack has occurred on Phantom wallets, the company has denied the claim quoting “We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue” via a Twitter post. 

Solana Under attack report

Slope said that they are currently working with Solana labs to rectify this issue and get to the exact root cause of the compromise via a Twitter post.

Slope Finance Solana News

The hack could have occurred as a result of exposing private keys to a browser extension leading to a potential compromise as per reports.

Otter Sec has posted images on Twitter showing the hot wallets being compromised. Hot wallets are Crypto wallets connected to the internet at all times, these are different from exchange wallets. The attacker was able to sign and initiate transfers on behalf of users suggesting a private key compromise. 

Solana is currently the 9th largest Crypto asset with a market capitalization of $ 13 billion. At the time of writing, Solana has dropped by roughly 3.85% in the last 24 hours as per Coinmarket Cap. 

How to keep your holdings safe

Wallet Security:

Always ensure that your wallets are secure and never share your private keys with anyone. 

Beware of Scamsters:

ZebPay never asks users to share any information via email, phone, or Social Media. Beware of impersonators who pretend to represent the company. There may be no recourse from loss in such transactions.

Free money scams:

Never give into scams that promise to multiply your wealth. No market assets can promise assured returns, and it’s important to note that there is a risk associated with Cryptos which are subject to market conditions.

While this hack has occurred on hot wallets, holders of Solana on Crypto Exchanges don’t need to worry about this. Your holdings are safe on your Zebpay wallet. At Zebpay customer asset safety is our top priority and we consistently strive to make Crypto trading experiences better for you.

The post Solana holdings on Phantom, Slope, and Trust wallets compromised appeared first on ZebPay.





Source link

All Image and Text copyrights belong to their respective author at the
Source this is a syndicated feed of information for educational purposes.

DISCLAIMER:
Beneath Part 107 of the Copyright Act 1976, allowance is made for “truthful use” for functions corresponding to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute that may in any other case be infringing.”

Continue Reading

Trending

Copyright © 2022 Solanatimes.io