Acquiring a digital asset that is worth your money and time can be pretty tricky, as a couple of glaring factors may seem to discourage you from investing in crypto, from the already saturated market filled with a wide variety of cryptocurrencies and rumors of security breaches to the general unpredictability of virtual currencies.
Yet, investments in cryptocurrency are becoming, if not already, one of the most effective forms of investment globally.
This is for a good reason, as the benefits slightly outweigh the risks, and as much as it could be anybody’s game of timing, luck, expert analysis, or whatever you tag it to be, it could be your game too.
Hence, if you are not very sure of the coins to put your money in, we have laid out a list of three that might provide you with a fantastic opportunity to make it big before the close of the year.
The train has not left, and a lot can happen in seven months, as these three crypto tokens show promise – Dogecoin (DOGE), Terra (LUNA), and Calyx Token (CLX). So please sit back, as we shall be reviewing these tokens and a few of their investment benefits.
Meme token sensation, the Dogecoin (DOGE), at the peak of the market in 2021, has achieved massive success. From what was tagged a mere parody, this coin has made its way to coinmarketcap and is currently ranked amongst the top 20 according to market cap, as of the time of writing.
The hype around the coin was persistent and consistent, as the community’s PR drove it to success. Coupled with the influence of Tesla founder Elon Musk approving the currency and dubbing himself the Dogefather, these actions further enhanced the growth of this coin.
Because it is open-source and decentralised, the Dogecoin blockchain has no central authority. Dogecoin was one of the first cryptocurrencies to demonstrate the influence of social media on a currency’s value.
As DOGE continues to be a popular meme coin in the coming years, you should add it to your portfolio and strive to build up a large volume.
A DeFi ecosystem-based coin, Terra (LUNA) is known to produce algorithm stable coins. Terra (LUNA) has had an incredible year so far, and it is expected to continue to soar because of Terra’s enormous potential as a payment method and a trading token.
Terra’s performance has been applaudable and can be named as one of the go-to crypto market tokens for safe investments.
Increasing usage of the Luna token has stabilised the network. Other cryptocurrencies, like Bitcoin (BTC), are now acting as collateral for it. As it continues to grow, there’s a lot to look forward to with Terra (LUNA).
Calyx Token (CLX)
Holders of Calyx Token (CLX), the platform’s native token, can execute crypto-asset transactions across different blockchains securely and quickly.
An upgraded permissionless security protocol will allow users to get liquidity from other social networks and perform token transfers at the best available pricing, the network claims.
Those who own the Calyx Token (CLX) can have a direct say in how the platform develops, making it a genuinely democratic cryptocurrency. Although CLX is still in the presale stage, it has shown substantial growth compared to other cryptocurrencies.
CLX’s presale price is expected to soar even higher, according to crypto speculators. As a result, now is the ideal time to purchase the token.
For more information on Calyx Token (CLX):