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Can Calyx Token (CLX) explode in the market while Polkadot (DOT) and Shiba Inu (SHIB) experience similar fortunes

Can Calyx Token (CLX) explode in the market while Polkadot (DOT) and Shiba Inu (SHIB) experience similar fortunes

Despite its early age, Calyx Token (CLX) has plenty of hype behind it and deservedly so.

The project is aiming to make waves in the DeFi industry as a liquidity protocol that enables the trading of cryptocurrency on a multi-chain level.

While the project is still in its infancy, the likes of Polkadot (DOT) and Shiba Inu (SHIB) have soared to the top of the crypto food chain in recent years.

Is a Calyx Token (CLX) boom an inevitability?

In the cryptocurrency industry, it's difficult to say whether a project will undoubtedly be a success or a failure.

The volatility of the market makes it a tough task for even the most knowledgeable individuals to form an opinion on a project becoming one that will inevitably make or lose millions.

However, Calyx Token (CLX) has the potential to become a major player in the digital asset space.

Recently entering the first phase of its presale, Calyx has major plans for its future, especially in the decentralised finance (DeFi) space.

As a permissionless liquidity protocol, Calyx will cater to many of the crypto population that do not have access to the native token of a network or decentralised application (dApp), who have to resort to an exchange and purchase several tokens before they participate, in what is both an expensive and time-consuming process.

Calyx will do this through ‘CalyxSwap’, where users will be able to swap tokens in a simple transaction at the best prices amongst all the aggregated liquidity sources.

Polkadot (DOT) goes back and forth between red and green

Polkadot (DOT) has had a turbulent time in the crypto market.

Despite dipping 45.6% in the past year, DOT rose 5.8% in the past seven days, demonstrating the up and down levels Polkadot has been experiencing.

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