There are so many cryptocurrencies that it can be difficult to keep track of them all. Where do you actually start? Cryptocurrency can sometimes be the definition of volatile.
Some people believe that investing in long-term ventures is the best way to get cryptocurrency coins and solid finances. Terra (LUNA) and Calyx Network (CLX) are two of these options.
LUNA is the original currency of the Terra ecosystem. It is used in all trades and is one of the few cryptocurrencies that has benefited from an increase in trading volume over the past three months, leading to a significant increase in the price of LUNA.
The main reason for Terra’s recent price increase is that the platform’s Decentralized Finance (DeFi) activity is increasing.
Terra’s network has a total value locked-down (TVL) of more than $27 billion, making it the world’s second largest platform behind Ethereum.
This platform, in particular, has been on the rise in recent weeks, while other platforms are showing signs of decline.
This could be due to the continuous 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 past 30 days, but the price predictions of Terra (LUNA) appear green.
The price of LUNA has fallen to $38 in recent months, but has quickly risen near the $100 price point.
If the value of the token continues to rise, it could one day be worth more than other well-known low-1 cryptocurrencies such as Avalanche (AVAX) and Polkadot (DOT).
Terra has shown extraordinary resilience of late and could be an excellent choice in the long run, with significant market dominance.
Calyx Network (CLX)
Since Terra (LUNA) is already well established, massive price movements could be a thing of the past. With newer investments, there is always a greater chance of sharper gains.
A new cryptocurrency and protocol just entering presale is the Calyx Network (CLX).
The Calyx Network is built on three pillars: security, transparency and decentralization.
The entire ecosystem is backed by smart contracts, not third parties, and is on-chain to ensure the financial system remains secure, transparent and auditable.
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 can obtain the switched tokens immediately after executing the exchange request without any waiting time.
This could help the Calyx Network 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 faster and more cost-effective inter-token transactions.
Calyx Network (CLX) offers a dynamic variety of token capabilities for fast trading with minimal settlement risk, a critical aspect in preparing the product for real trading.
In addition, since the transactions will take place on top of the blockchain networks, the entire information will be accessible and publicly visible, with the added benefit of the security mechanisms that blockchain technology provides.
The CalyxDAO (CLX) will consist of three main components, as described below:
Broad community representation, clear and transparent governance and network stability.
Robust incentives for CLX coin holders are designed to keep investments in the network and to actively participate in its governance.
Maximum engagement and involvement of community members, with a wide range of voice delegation options. The lite papers state that the CalyxDAO will be developed with maximum transparency and stability in mind, as well as rapid recovery mechanisms to deal with emergencies.
All procedures, information and data are transported on-chain.
For example, after the network fee voting is completed, the same will be implemented on top of the blockchain to make it immutable.
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