It is a known fact that a logo design is the face and personality of a corporation which makes it essential to be designed with utmost care and intelligence.
There are three main types of logos; one that solely consists of text, other that solely consists of images and third which is a combination of both. Text logo designs are quite popular as they are timeless and have a greater margin for innovation. You can play around creatively with fonts and colors or conceal product features in brand mark intelligently to make it memorable and unique.
Free text logo designs are timeless and classic and they never go out of style. So if you are planning not to change your brand mark design for years to come then it is advisable to use text for your symbol.