Despite the current dip in the crypto market, the popularity of crypto is still ongoing. With US president, Joe Biden announcing that they would regulate cryptocurrencies, he has asked his team to study the crypto environment more closely and suggest some changes.
After the news came out in March, cryptos showed a sharp rally which was seen very positively by the entire investment community of cryptos. Although since then we have seen a dip in the market overall, there seems to be potential within certain tokens.
What does the US’ decision suggest?
Promising tokens like Calyx Token (CLX) can be considered an excellent investing idea in the current times. At the time of writing, being in stage 2 of presale, Calyx Token (CLX) can cater to the needs of many in the crypto community.
As governments worldwide are centralised, and despite cryptos being decentralised in nature, the governments at least will not be a firm advocate of this idea of investing your hard-earned money in a very volatile asset class. Still, it is becoming more transparent and apparent that banning cryptocurrencies is impossible. When a country like the US is taking the lead in regulating cryptocurrencies positively, it shows the general popularity of cryptocurrencies.
Key points to consider:
- Big financial giants are launching crypto ETFs: which is positive news for the crypto community. Suppose an ETF gets found on the stock market of a particular country, like the US. This indicates that specific ETFs will work hand in hand with the regulators. Additionally, several US-based companies like Coinbase and Tesla have significant exposure to cryptocurrencies on their balance sheets. Tesla, for example, owns $2 billion of Bitcoin(BTC) on its balance sheet at the end of 2021.
- Cryptocurrencies have been time-tested: Roughly a decade since Bitcoin has existed, it has weathered many storms, including the Russia- Ukraine crisis, the ban from China, regulation uncertainties, and many other things. The bottom line remains that cryptos have been standing firm.
- Cryptos have found their product-market fit: Financial Technology has always been a large sector. Having known that, a new asset class like cryptocurrency has made its space and acts as an alternate investment option for investors.
The most apparent reason we should invest in cryptocurrencies is the birth of new industries like Non Fungible Tokens (NFTs) and Decentralised Finance (DeFi).
NFTs are powering up the creator economy. Therefore, we can see that big celebrities worldwide are launching their own NFTs and investing in NFT-based start-ups.
DeFi, on the other hand, serves as a more promising and relevant industry in which significant financial institutions like J.P. Morgan are also putting their steps.
Calyx Token (CLX)
Currently in the presale stage, one such game-changing DeFi crypto token is Calyx Token (CLX), which stands out from others.
As of now, it supports Ethereum (ETH), but in the later stage, it will add support for various other blockchain networks like Polygon (MATIC), Binance smart chain (BNB), Avalanche (AVAX), Fantom (FTM), etc.
Calyx Token promises to completely change its platform into a community-driven model by incorporating the CalyxDAO.
It will eventually allow the community members fair representation on agendas that are productive for the entire ecosystem while also ensuring that the Calyx Token stays secure and stable. The holders will also have the right to vote on essential agendas by staking their tokens.
Calyx Token(CLX) has a permissionless liquidity protocol, making it easier and more effective for users to exchange their tokens at the best price among all aggregated liquidity sources.
What to consider?
Keeping that in mind, cryptocurrencies are the only way to invest in NFT and DeFi. Thus, if these two industries show interest by investors, it will eventually make the cryptocurrencies skyrocket and help investors earn exponential returns. One such idea to put money into is Calyx Token (CLX).
Join Presale: https://presale.calyx-token.io/login