The goal of a crypto investor is to find the wave, catch the wave in time, and ride it to the top. Every day presents itself with an opportunity for investors to make it big in the crypto space. However, there are risks involved with trading crypto due to its unpredictable nature.
This has not been much of a deterrent as the number of crypto investors increases each day. At the beginning of a cryptocurrency project, it is common for the price to climb before settling into an average range. As a result, prices can suddenly rise to surpass their former levels and attain new all-time highs.
This is why presale events can be an excellent opportunity for newcomers and seasoned crypto enthusiasts alike. One of which is the coin under review in this article – the Calyx Token (CLX). This novel crypto-token, alongside DeFi giants like Ethereum (ETH) and meme sensation Shiba Inu (SHIB), may ride high waves in the coming months.
Ethereum (ETH) has excellent ambitions, and despite trading for under $3000 at the time of writing, there’s still strong belief across the crypto community that it might hit the $10,000 target by the close of the year. Maybe ambitious, but not impossible. Not in the world of crypto.
These price target speculations were born from the news headlines that announced that Ethereum (ETH) would launch a new update called Ethereum (ETH) 2.0. According to reports, this update to the network will ultimately move Ethereum (ETH) from its proof-of-work state to a better proof-of-stake process.
This will allow the activities of the Ethereum (ETH) network to be much more environmentally friendly. Energy usage by the network in mining ETH will reduce a lot. Because of this, Ethereum (ETH) will continue to decrease in circulation, making it a more attractive investment.
Shiba Inu (SHIB)
DeFi meme coins like Shiba Inu (SHIB) turned the crypto world upside down and inside out with massive gains in value over just a couple of months, rewarding their investors rather handsomely. It showed that crypto could be anything it wanted to be as it made millionaires out of men in barely months.
The Shiba Inu (SHIB) coin has evolved from a meme to a cryptocurrency with real-world applications. The coin’s community has remained loyal to Shiba Inu (SHIB) by actively engaging with them.
SHIB also provides a DeFi and NFT space through its exchange called ShibaSwap. Shiba Inu (SHIB) hasn’t had a stellar start into the year as with many other coins, but the potential to rally upwards still beckons.
Calyx Token (CLX)
If you are out looking for something new, a breath of fresh air, and a DeFi coin that operates on a multichain level, then Calyx Token (CLX) is just for you.
Support for ETH is currently available on the network. Avalanche (AVAX), Fantom (FTM), and other cryptocurrency networks will soon be supported. While a “starting team” and an administration will initially oversee Calyx DAO, the community will have full power and final say over the currency’s affairs.
By staking their CLX, the native token of the platform, users will be able to vote on proposals. Members of Calyx Token’s (CLX) community-focused abilities will have access to participate in essential topics and actions that will ensure the security of Calyx Token (CLX).