What Is The Future Of Cryptocurrencies

2 min read

In recent weeks, the crypto market has marked a slump under alarming global conditions. Since their all-time highs, both Bitcoin and Ethereum have lost more than 55%.

Cardano has plunged almost 80% since its all-time high, while Solana, one of the crypto world’s breakthrough stars, has lost about 80%.

In addition, the Terra (LUNA) controversy has shaken the industry. After the stable token of the network TerraUSD (UST) lost its peg to the U.S. dollar and plummeted, the cryptocurrency lost nearly 100% of its value in only 24 hours.

Not only is this terrible news for LUNA investors, but it has also damaged the trust of many investors in stable coins in general and perhaps in most cryptocurrencies. Is this the right time for investment in the crypto market?

Should You Still Invest in Cryptocurrencies?

Crypto should be seen as a long-term investment instead of a plan for rapid gains.

If you feel that cryptocurrencies have the potential for the long-term, you may choose to purchase it while their price is still cheap. However, it may not be for you if you seek immediate cash.

Consider if you can have the money to invest at the moment. Due to the high risk associated with cryptocurrencies, only invest as much as you are prepared to lose. If you have difficulties paying your expenses or don’t have enough emergency reserves, you may want to prioritize these necessities before investing.

Consider the amount of danger you are willing to assume. Short-term volatility might be tough to swallow, even if you have a long-term vision.

It’s not unusual for cryptocurrency values to plummet by 50% or more, so if you’d lose sleep over such volatility, you may want to consider investing in something else.

Could Presales Be a Starting Point?

Numerous investors like beginning their investing careers with presales. Before being sold on the market, coins are given at low prices during presales to generate interest. Consequently, presales might reduce the risk for investors.

Investors avoid huge losses if the crypto project fails as they are purchased inexpensively. However, most tokens are in great demand when they initially hit the market, allowing early investors to benefit from their sale.

You should pick a presale token as per your evaluation of the White Paper to establish the project’s long-term viability. A further positive indicator is if the token has garnered interest in the broader crypto community.

Calyx Token

Calyx Token (CLX) is one of these gaining traction on presale tokens. Its early adopters indicate that it may have the potential to transform the industry in terms of usability and interoperability.

Calyx Token will be a liquidity protocol that employs cutting-edge technology to assist users in avoiding lengthy processing periods and high gas costs associated with crypto exchanges.

Calyx Swap, the platform’s exchange solution, will pool liquidity from numerous sources across the number of DEXs belonging to various blockchains, such as Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC), and Binance Smart Chain, to offer users the best rate for any swap on any supported blockchain network.

Calyx Token Swap

Moreover, Calyx Token will be permissionless and decentralized. Users will not be required to undergo the stringent security checks necessary by centralized exchanges, nor will they be required to register to use the swap.

As a result, CLX is anticipated to be wildly successful in DeFi, and it will be more accessible dues to these features.

Conclusion

Even though cryptos have the potential to be a profitable investment, it is not suitable for all investors. Downturns are a wonderful time to buy cryptocurrency since prices are lower, but you should be mindful of the associated risks. If you’re more prepared, you’ll fare better.

Links

Presale: https://presale.calyx-token.io/register

Website: https://calyxtoken.io

Telegram: https://t.me/CALYX_TOKEN_OFFICIAL

Twitter: https://twitter.com/CalyxToken

Instagram: https://www.instagram.com/calyx_token

 

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