Monday, May 16, 2022
Home Press Release Is Cryptocurrency the Future? A Look at Solana (SOL), Terra (LUNA), and...

Is Cryptocurrency the Future? A Look at Solana (SOL), Terra (LUNA), and Calyx Token (CLX)

- Advertisement -

The crypto space has been revolutionary in that it has allowed people to greatly increase the money they already have.  Nonetheless, it is important to realise that even if you are well-versed in cryptocurrency, you may not be aware of all of the tokens with high potential.

Decentralized Finance (DeFi) is touted to be the future of cryptocurrency, and finance in general. Decentralized Finance is different from current economic giants, which are mostly centralized. DeFi helps to wrestle the power away from the banks and to the people.

At the time of writing, DeFi protocols have a market cap of $130 billion and are rising all the time. Keep an eye out for the following three DeFi gems: Solana (SOL), Terra (LUNA), and Calyx Token (CLX).

Solana (SOL)

Solana (SOL) is widely regarded as a notable cryptocurrency due to its value and dependability. SOL was released in early 2020, and by the summer of 2021, its value had skyrocketed.

It is one of the latest crypto projects aiming to combine numerous cutting-edge technologies to make crypto networks more scalable and faster.

Furthermore, Solana (SOL) implements a revolutionary “proof of history” (PoH) approach that allows timestamps to be directly added to the blockchain. Secondly, according to CoinMarketCap, it is presently ranked among the top ten cryptocurrencies. As a result, it has proven its worth as a dependable long-term investment.

Terra (LUNA)

Moving on to Terra (LUNA), a blockchain technology that uses the dollar-pegged UST to create a global payment system. It democratizes DeFi by supporting a thriving economy based on a series of algorithmic decentralized currencies.

According to analysts, if LUNA’s positive trend continues, its price will hit $161.9 in the second quarter of the year. The value of LUNA has climbed by 813.71% in a single year. As a result, its credibility cannot be questioned.

Calyx Token (CLX)

Calyx Token (CLX) is a brand-new cryptocurrency that has recently started its presale and is based on the three pillars of security, decentralization, and transparency.

What distinguishes this emerging initiative is that it is intended to be powerful enough to handle real-time trading. It also necessitates that all tokens be transferred or converted in a single transaction so that holders can receive the swapped tokens instantly after submitting an exchange request.

The network presently supports Ethereum (ETH), but it will soon support other leading blockchain networks such as Polygon (MATIC), Binance Smart Chain (BNB), Avalanche (AVAX), Fantom (FTM), and others.

The network will be governed by the management and founding team during the initial development period, but the team intends to pass over complete power to our community members via CalyxDAO in the future. So far, it’s evident that CLX is an example of a dependable rising coin in which you can have faith.

Find out more about Calyx Token (CLX):

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Is Bitcoin Going Below $20K Or Are Institutional Investors Buying Again? CryptoQuant CEO Explains

Institutional Investors Could Be Accumulating BTC Through Market Makers after Strong Selling. Market makers sent a total of 84,000 BTC from Gemini to Binance between...

Why Is Bitcoin The Most Popular Cryptocurrency?

Bitcoin is the most popular cryptocurrency because it was the first one created. Bitcoin is also a decentralized currency, not subject to government or...

How Can Bitcoin Affect Asics, a Sports Equipment Company?

Asics, the brand behind the popular running shoes, is a company that has a significant market share worldwide and is one of the biggest...

Top Hedge Fund Manager Who Warned Investors, Says Terra’s Project Was Destined to Fail Due To High Yield

The hedge fund manager said Terra failed because the system was designed to enrich investors and the team. ...

SHIB Army Burns 449.98 Million Shiba Inu In 24 Hours, 2.17 Billion In A Week

2.17 Billion Shiba Inu (SHIB) Burnt within the Last 7 Days and 449.98 Million During Last 24 Hours. ...

Ethereum Founder Vitalik Buterin “Strongly Agrees” With Terra’s Plan to Compensate Small TerraUSD (UST) Investors Over Rich Ones 

The Ethereum creator believes that a plan to focus more on compensating small investors is a good hybrid formula. ...

Ethereum Founder Sends 500 ETH To Dogecoin Foundation

Ethereum Founder Sends 500 ETH To Dogecoin Foundation. It’s not always that Vitalik Buterin sends funds to support other crypto projects. However, he appears to...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.