Crypto Winners For You: Calyx Token (CLX), PancakeSwap (CAKE), And XRP (XRP) – Coinpedia – Fintech & Cryptocurreny News Media
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In the cryptocurrency industry, there are going to be winners and losers.
You just have to hope that those who lose did their due diligence in terms of researching a project to the point that they felt investing in it.
And for those who win… well, the rewards could be out of this world.
That’s the name of the game and those who decide to take the plunge and invest in the industry should be prepared for both outcomes, even with research taking place.
While projects like PancakeSwap (CAKE) and XRP (XRP) have proved themselves to be established cryptocurrencies that have tangible objectives within the space, the industry is filled with many new cryptos and one of those is Calyx Token (CLX).
Calyx Token (CLX) Empowers Its Community
Having recently entered phase one of its presale with phase one ending on May 9th, Calyx Token (CLX) has deservedly so, garnered a lot of attention in its project.
Its CLX token, an ERC-20 token has several benefits for its community, demonstrating the priority Calyx puts on appeasing its community.
Alongside holders being able to vote and participate in Calyx proposals should they stake their tokens, holders can also earn a portion of the fees that are collected by Calyx Token from the liquidity pools in the ecosystem.
Confirmed by themselves, Calyx will transform into a community-driven model by incorporating the CalyxDAO (decentralised autonomous organisation) ensuring that the community has a say in the direction Calyx decides to take and enables the CLX token to remain stable.
PancakeSwap (CAKE) Rebounds Following A Dip
PancakeSwap (CAKE) has unfortunately been one of the biggest losers of the altcoin boom of 2021.
Having reached an all-time high of $43.96 in April 2021, almost a year on, CAKE has dipped a significant 79.8% as it now stands at $8.87, at this time of writing.
As the fourth biggest decentralised exchange token in the world, with a market cap of over $2 billion, PancakeSwap has been a popular player within the cryptocurrency industry.
A 61.0% decline in the past year, at this time of writing, CAKE has managed to bounce back with a 10% surge in the past seven days.
According to TradingBeasts, they predict CAKE will reach $33 by the end of 2022.
XRP (XRP) Creeps Into The Green
Despite not reaching or surpassing its all-time high of $3.40 since January 2018, XRP (XRP) has remained a top crypto as it sits as the sixth biggest cryptocurrency in the world, amassing a market cap of almost $37 billion, according to CoinMarketCap.
A 41.4% dip in the past year meant Solana briefly took XRP’s spot in the biggest cryptocurrencies in the world but XRP reclaimed their position recently.
Trading at $0.769180, at this time of writing, XRP experienced a dip in the past month but has since bounced back in the past seven days with a 7.4% rise.
According to several crypto experts, the maximum trading value of XRP will be around $1.23 and its minimum value sits at $1.03.
https://presale.calyx-token.io/register
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