3 Cryptos To Buy in May For Potential Massive Returns
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
April saw a massive drop in the cryptocurrency trading market, with a dip of about 17% at the end of the month. Being that it is bear season (i.e, a time when the value of most cryptocurrencies drop), the month of May still has tokens dropping and crypto analysts have advised investors to buy the dip as the market value is sure to go up in the future and will lead to profits for existing holders. There are several crypto projects with great features and promising futures which could make them great potential options for massive returns in the future. This article will discuss them.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is a next-gen DeFi and swapping protocol that will allow for seamless interaction and connectivity between early-stage blockchain innovators and investors. The platform is a secure, noncustodial, cross-chain, and multi-chain network that will allow innovators to raise funds on any blockchain of choice. Logarithmic Finance (LOG) currently only supports Ethereum (ETH) but has plans to include Solana (SOL), Tezos (XTZ), Avalanche (AVAX), Polygon (MATIC), and the Binance Smart Chain (BSC).
LOG is the native utility ERC20 token of the Logarithmic Finance protocol and has a lot of benefits that are exclusive to its holders. Some of the benefits include exclusive pool access, governance rights, high yield investments, staking rewards, and better swap ratios.
Logarithmic Finance (LOG) is currently in its presale phase but is already doing very well. There are a total supply of 4 billion tokens, although only 1.2 billion tokens are being offered in the presale and unsold tokens will be burned. This new project looks promising, has great potential, and will make a nice addition to anyone’s portfolio.
Polygon (MATIC) is a decentralized Ethereum scaling platform that allows developers to build scalable and user-friendly decentralized apps (DApps) with low costs of transactions and not having to sacrifice security. Polygon (MATIC) believes in Web3.0 for all and its goal is to bring the world to Ethereum (ETH). It combines all the best of Ethereum and other top blockchain networks into a multi-chain system. It is inherently more secure, open, and powerful plus it is able to benefit from Ethereum’s network benefits.
Polygon (MATIC) is dedicated to the growth of web3 applications and provides the infrastructure that is needed for web3. There have been over 19,000 decentralized apps that have used Polygon (MATIC) to scale their performances.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a layer 1, sharded, proof-of-stake (PoS) blockchain this is scalable, secure, and easy to use. It consists of an ever-expanding network of global community members, developers, and creatives and is a platform that fosters the development of the ecosystem through grant funding.
NEAR Protocol (NEAR) runs on a proof-of-stake (PoS) mechanism called Doomslug which secured the platform without increasing costs, while Nightshade technology splits up the network’s transaction history to increase processing. It also recently launched its stable coin, USN which can be minted by depositing NEAR tokens as collateral. While the token is also being affected by the bear season, with its features and innovations, it seems to have a bright future.
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