Checking in on LOG (LOG), we can see that the cryptocurrency has a current market capitalization of $435810 and has been recently trading near the $0.05 level. In terms of circulating supply, the value is presently 8035193.00. Volume over the past 24 hours has been recorded at $Low Vol. Looking at some historical price information, we note that LOG (LOG) has seen a change of -1.82% over the last 24 hours, and a change of -6.10% over the past 7 days.
Cryptocurrencies have seen an enormous amount of attention in recent months. The currencies along with the underlying technology have been thrust into the spotlight, and they have investors scrambling to find out what is exactly going on. Everybody wants to know whether the boom is just a flash in the pan, or if these cryptocurrencies will eventually become mainstream. Although many professionals might be skeptical about the validity and staying power of cryptocurrency, many people believe that the blockchain technology has the ability to completely disrupt modern business infrastructure. Many believe that blockchain technology has the potential to transform multiple industries in the very near future. As we move forward, investors will be closely watching to see how blockchain technology is implemented across the board.
The relatively fast rise of Bitcoin and other cryptos have caused a flutter among institutions, investors, and financial firms. Pinpointing exactly why people have become caught up in the craze is not certain. Understanding the basics of Bitcoin and other cryptocurrencies may be difficult for the average investor. Some of the language used can be hard to follow when not familiar with the topic. Individuals may hear different terminology for cryptocurrency such as coins or digital currency. Many of these cryptos rely on blockchain technology, which is essentially a distributed ledger that is decentralized and records transactions that are typically unable to be modified. Many of the issued cryptocurrencies were created using open-source software, and they should continue to evolve as more and more developers take notice of the technology.
Interested investors may be wondering if they should be setting aside a portion of the portfolio to incorporate cryptocurrency. This is a hotly debated topic right now, and there doesn’t seem to be a clear-cut answer. Like any investment, proceeding with caution is typically a good idea. Many investors will have to put in a lot of extra study time in order to determine how digital currency functions and the potential for growth in the long-term. Without the proper education, many investors may be tempted to get into crypto trades that may seem too good to be true.