It’s always a difficult task when a new and upcoming cryptocurrency is compared to established projects right off the bat.
The likes of Stellar (XLM) and Tron (TRX) have become established players in the cryptocurrency industry as they both sit among the top 30 cryptos in the world, measured by market cap, according to data from CoinMarketCap.
Calyx Token (CLX) has recently entered its presale and the project has an exciting future in front of them with plans to make a splash in the DeFi space.
The potential of Calyx Token (CLX)
A recurring issue in the cryptocurrency industry is the lack of trust that occasionally is missing between the project and the community.
That uncertainty between the two parties breeds scepticism and ultimately ends in a state of affairs where neither party benefits.
Calyx Token (CLX) has understood the issues that come with a lack of trust and communication with its community and has more than addressed the issue.
Calyx will soon be controlled by its community through the incorporation of the CalyxDAO (decentralised autonomous organisation); the more that Calyx grows, the more important decisions that the Calyx community will be able to make, deciding the future direction of the project.
Calyx’s roadmap looks particularly exciting with the development of a DEX (decentralised exchange) aggregation algorithm to come in Q2 of 2022 and the launch of the CalyxDAO expected to launch in the first quarter of 2023.
With the first phase of its presale coming to an end on May 9th, the opportunity to get in low with a project like Calyx that aims to enable multi-chain crypto trading, attempting to make a difference in the interoperability issue within the crypto industry.
Can Stellar (XLM) get back to its best?
It’s been an arduous year for Stellar who have dipped over 61% in that time frame.
Yet to reach or surpass its all-time high of $0.875563 that was recorded in January 2018, Stellar has nevertheless solidified its ranking as the 30th biggest cryptocurrency in the world, amassing a market cap of almost $5 billion, according to data from CoinMarketCap.
Despite experiencing a decline over the past year, Stellar has made a meagre return to the green rising 2.7% in the past seven days as XLM trades at $0.202805, a 76.8% drop from its all-time high previously mentioned.
According to TradingBeasts, XLM will reach a price of $0.4042034 by the end of 2024.
Tron (TRX) trucks on with impressive growth
Tron (TRX) has recorded impressive growth for a month straight.
Up 14.7% in the past 24 hours, at this time of writing, Tron is currently on a bullish run as it now ranks as the 25th biggest cryptocurrency in the world, accumulating a market cap of over $6 billion, according to data from CoinMarketCap.
Trading at $0.071750, at this time of writing, it’s a far cry from the 2018 valuation of TRX that stood at $0.231673, however, the growth shown by the decentralised digital platform is a welcome boost to Tron investors.
Keywords - Calyx Token, CLX, Stellar, XLM, Tron, TRX, Cryptocurrency, CoinMarketCap
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice