When Bitcoin (BTC) and Ethereum (ETH) are down, that usually means the entire market is operating on a downward spiral, spelling a quite miserable period for cryptocurrency investors.
However, there may be the odd crypto that refuses to dip and in fact, goes the other way and heads in a positive direction, to the delight of those specific investors and the chagrin of everybody else.
The likes of Terra (LUNA) and Monero (XMR) are just a few of the current cryptos that have surged whilst most have either stagnated or dipped.
While Calyx Token (CLX) remains in its first phase of presale, excitement is high for the project that aims to make waves in the decentralised finance (DeFi) sector.
Calyx Token (CLX) is one for the future
Calyx Token (CLX) could become a major player in the DeFi space but for now, the project is in phase one of its presale and is truly in the infancy of its journey.
Despite its early existence, Calyx will launch on a tier-three exchange once launched, before aiming to be listed on a tier-one exchange like FTX, which rank as the third biggest cryptocurrency exchange, behind Coinbase Exchange and Binance.
As a permissionless liquidity protocol, the main objective of Calyx Token is to enable multi-chain crypto trading where users can exchange all the tokens they have in one seamless transaction, demonstrating not only the speed but the efficiency that Calyx provides.
Rewards are also available for CLX holders who stake tokens as they will earn the ability to vote and participate in proposals regarding the Calyx project.
Security, transparency and decentralisation are the three main pillars of the Calyx Token and those principles coupled with their plans in the DeFi space make it a project not worth missing out on.
As it remains in the first phase of its presale, prices to buy in remain low and could produce a golden opportunity for a potential investor out there.
Terra (LUNA) edges closer to Solana (SOL)
A period of impressive growth has Terra (LUNA) nearing the $100 mark as we near the end of the week.
Having reached its all-time high of $119.18 just over two weeks ago, LUNA experienced a brief dip before surging 11.5% in the past seven days as it now trades at $97.98, at this time of writing.
Terra is ranked as the eighth biggest cryptocurrency in the world, amassing a market cap of over $33 billion and its current performance in the crypto market has it chasing down both Solana (SOL) and XRP (XRP) who are ranked seventh and sixth, respectively.
According to Gov Capital, LUNA will reach a value of $125 by the end of 2022, which would break its current all-time high.
Monero (XMR) in the money following market performance
If there was a crypto of the month award, my vote would be for Monero (XMR).
Achieving growth of 43.0% in the past 30 days and 28.0% in the past 14 days has set the altcoin up well for an early spring surge.
Having last hit its all-time high of $542.33 in January 2018, that hasn’t held back XMR as they rank as the 31st biggest cryptocurrency in the world and is currently the highest performing coin of the top 30 cryptos, at this time of writing.
Monero is an open-source cryptocurrency that makes transaction details anonymous as well as disguising addresses used by participants.
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