Are these three coins worth investing in?
While there is no question that Chainlink (LINK) and Fantom (FTM) are well-established tokens and great investments for the long term, a new token known as Calyx (CLX) has a fair opportunity to turn out to be a decent prospective long-term investment.
Fantom has followed in the footsteps of Chainlink and has become a popular DeFi cryptocurrency. It has managed to effectively use the power of community together with a good use case.
Meanwhile, the Calyx Token (CLX) aids in switching tokens between several blockchains with the touch of a button and is decentralized, enabling users to stake coins and administer the protocol via a DAO.
Let us go a little more into these three coins and determine whether they are worth investing in.
Chainlink (LINK)
Since October 2018, Chainlink (LINK) has made significant progress. Oracles that allow smart contracts to execute safely in response to verified real-world events are essential, given that smart contracts serve as the basis for DeFi.
Chainlink originally offered cryptocurrency price data to DeFi protocols such as Aave through a restricted number of sources. However, it currently incorporates a considerably larger scope of operations.
In addition, AccuWeather and the Associated Press have teamed with Chainlink to verify data, and former Google CEO Eric Schmidt has joined as an adviser, the latest signals that major tech and media are taking note of Chainlink’s increasing possibilities.
Later this year, Chainlink will include staking, which will enable LINK holders to contribute to network security by encrypting a part of their LINK and collecting incentives.
LINK has fallen more than 82 percent of its value from its all-time high, indicating that now may be the optimum moment to purchase due to its substantial upside potential for 2022.
Fantom (FTM)
Fantom (FTM) is a smart contract platform that provides developers with a range of DeFi services.
Fantom’s (FTM) primary emphasis is transaction speed; the firm claims to have reduced transaction speeds to under two seconds. The FTM token can be staked to get rewards and is the native currency which enables the platform’s transactions.
Since Fantom has a faster transaction processing speed than Ethereum (ETH), the leading DeFi ecosystem, 2022 might be a pivotal year for the Fantom’s business.
In a few years, Fantom (FTM) could even rival Ethereum (ETH) and might be one of the greatest investments in 2022.
Calyx Token (CLX)
Calyx Token (CLX) intends to improve the experience of individuals who purchase cryptocurrencies via exchanges but are irritated by the slow and expensive process.
This procedure will be eased by the network’s Calyx Swap, which allows users to swap between tokens in a single transaction at the best available prices across all DEX platforms.
Total decentralisation is also a key value of Calyx (CLX). The permissionless exchange procedure of the protocol will not require users to establish an account or register.
According to the roadmap, the token will first function on the Ethereum (ETH) blockchain, with ambitions to spread to additional blockchains in the future.
In addition, Calyx Token (CLX) will be community-driven, maintained, and regulated by individuals who own the native token CLX, courtesy of CalyxDAO.
As the Calyx Token (CLX) grows, it will empower the community by enabling them to vote on and execute crucial network choices. Given its use case and great growth possibilities, the CLX cryptocurrency is a solid investment.
Therefore, investors seeking cryptos with a significant track record of success can consider investing in both Chainlink (LINK) and Fantom (FTM).
Meanwhile, Calyx Token (CLX) is available in presale and might be your ticket to becoming the next cryptocurrency millionaire.
Source: https://www.globalcryptopress.com/2022/05/defi-coins-with-great-potential.html
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