Logarithmic Finance (LOG) is on its way to becoming one of the best DeFi projects.
Logarithmic Finance (LOG) has hit the market as an outstanding token that utilizes the new Layer-III protocol and opens up a world of DeFi opportunities. With close scrutiny of its design and accessibility, (LOG) ensures seamless connectivity. This secure and unattended cross-chain environment provides dynamic options for fundraising on any blockchain network. (LOG) has developed proprietary software that will revolutionize DeFi, as it now allows entrepreneurs to access capital and sell goods on the platform. An attractive tool to attract investors to buy Logarithmic Finance (LOG).
Is now a good time to buy Dogecoin (DOGE)?
Dogecoin (DOGE) and Shiba Inu (SHIB) are both meme-based tokens. Both tokens are created as interesting alternatives to traditional cryptocurrencies, but despite their apathetic stance, they appear to be on the rise. It is known that Bitcoin (BTC) will only have 21 million Bitcoins, making it rare and very unique. While Dogecoin was created on purpose, 10,000 new coins are mined every minute, with an unlimited supply.
You would assume that would devalue the project due to hyperinflationary protocols, as every coin counts. However, by 2021 (DOGE) has become one of the largest cryptocurrencies by market capitalization – with a total value of up to $80 billion. On Wednesday, Dogecoin briefly hit an all-time high of $0.69, 12,000% higher since January 1.
Dogecoin (DOGE) seems to be picking up momentum as it moves above a significant support exchange, suggesting that it may soon recover.
This barrier is a tricky one and can make the situation (DOGE) go one of two ways.
Dogecoin price has seen lower lows and lower highs from its all-time high at $0.739 on May 7. This downtrend was a strong move from the original and DOGE has tested. retest the $0.048 support.
This area is important as it gives the bulls a platform to consolidate and recover their strength in early 2021, thus resulting in a 1,400% increase in Dogecoin price over the next two months. So, rechecking this level could trigger some unfilled orders, resulting in page bounces per minute.
As an investor, you should wait for (DOGE) rally of at least 41% to retest the $0.082 intermediate resistance barrier. Recognizing this hurdle into a support level will allow the bulls to extend this run up to $0.109. This upward move would suggest an 85% recovery and is likely where the rally will pause for Dogecoin price.
While there is a positive outlook for Dogecoin price, a three-day close below the $0.048 support will invalidate the bullish thesis. Noticing this development will allow bears to lower (DOGE) lower and fill in price underperformance, aka the Fair Value Gap (FVG), which spans from $0.041 to $0.014. la. This result should relieve downward pressure and prepare for a good recovery in Dogecoin price.
Is Shiba Inu (SHIB) a good crypto buy?
Shiba Inu (SHIB) is a cryptocurrency or digital currency that is only available online. Prices spiked in 2021, multiplying many times over, but still trading for fractions of a cent. All factors contribute to making the SHIB token one of the most popular cryptocurrencies in the world, according to CoinMarketCap.