There are so many cryptocurrencies, it may be difficult to keep track of them all. Where do you even start? Cryptocurrency can be the definition of volatile sometimes.
Some people believe that investing in long-term enterprises is the greatest way to gain cryptocurrency coins and solid finances. Terra (LUNA) and Calyx Network (CLX) are two of these options.
LUNA is the Terra ecosystem’s native currency. It is utilised in all transactions and is one of the few cryptocurrencies that has profited from an increase in trading volume over the previous three months, resulting in a significant rise in the price of LUNA.
The primary reason for the Terra price increase recently is that the platform’s Decentralized Finance (DeFi) activity is increasing.
Terra’s network has a total value locked (TVL) of moreover $27 billion, making it the world’s second largest platform behind Ethereum.
Notably, this platform has been increasing in recent weeks, even while other platforms have shown signs of decline.
This could be due to the ongoing release and progress of the automated market maker (AMM) Astroport. For example, the TVL of Ethereum, Solana, and Fantom has fallen by more than 15% in the last 30 days, but Terra’s (LUNA) price predictions seem green.
The price of LUNA has dropped as low as $38 in price in recent months but has swiftly risen near to the $100 price mark.
If the token’s value continues to climb, it may one day be worth more than other well-known layer-1 cryptocurrencies like Avalanche (AVAX) and Polkadot (DOT).
Terra has lately shown extraordinary resiliency and may be an excellent long-term choice, with significant market domination.
Calyx Network (CLX)
As Terra (LUNA) is already well established, giant price movements could be history. With newer investments, there is always a higher opportunity for sharper rises.
A new cryptocurrency and protocol that is just entering presale is the Calyx Network (CLX).
The Calyx Network will be built on three pillars: security, transparency, and decentralization.
The whole ecosystem will be supported by smart contracts, no third parties, and is on-chain to guarantee that the financial system remains safe, transparent, and verifiable.
The platform’s code architecture will apparently be strong enough to support real-time trading.
The tokens must be exchanged or converted in a single transaction event so that consumers may obtain the switched tokens instantly after executing the exchange request without any waiting time lock.
This could help the Calyx Network to differentiate itself from other trading platforms.
Prepared for Trade
They are developing a protocol to make it practical for global trade and markets by enabling quicker and more cost-effective inter-token transactions.
Calyx Network (CLX) will provide a dynamic variety of token possibilities for quick trade with minimal settlement risk, a crucial aspect in preparing the product for real-world commerce.
Furthermore, since the transactions will take place on top of the blockchain networks, the full information will become accessible and publicly viewable, with the additional advantage of the security mechanisms that blockchain technology provides.
The CalyxDAO (CLX) will be comprised of three main components, as detailed below:
Broad community representation, clear and transparent governance, and network stability.
Robust incentives for CLX coin holders are intended to keep investments in the network and allow for participating actively in governance.
Maximum engagement and involvement of community members, with a wide range of voting delegation options. The lite papers state that the CalyxDAO will be developed with maximum transparency and stability in mind, as well as swift recovery mechanisms to address emergency circumstances.
All procedures, information, and data will be transported on-chain.
For example, after the voting for network fees is completed, the same will be implemented on top of the blockchain to make it unchangeable.