Calyx Token compared with Cardano (ADA) and Polygon (MATIC). Can they cope?
With the implementation of new legislation worldwide, digital currencies are set to become huge players in wealth management. A lot of policies have in the past hindered cryptocurrency from achieving its full potential, but that’s beginning to change rapidly.
Only recently it was announced that American investment bank and broker-dealer, Morgan Stanley will have the ability to provide its users thorough access to Bitcoin funds. This is coming almost after private wealth management clients of Goldman Sachs have gotten the ability to invest in Bitcoin (BTC), just like many other cryptos. According to Goldman Sachs, director of digital assets, it seems Cardano (ADA), Polygon (MATIC), and Calyx Token (CLX) are all being courted by the wealth management agency. And they have great reasons to do so. Without wasting much time, let’s find out those reasons.
CALYX TOKEN (CLX)
Calyx Token (CLX) is a new cryptocurrency that promises to hit the market with a bang. Basing its operation on three pillars including Security, Transparency, and Decentralisation, this crypto promises a lot. Aimed at facilitating real-time trading, the initiative by the community is unique in its way.
In order for members to get the tokens they’ve switched back immediately, every token is to be traded or swapped in one transaction. The community is looking at supporting other blockchains like MATIC, BNB, AVAX, and FTM. As they’ve stated in their whitepaper, the network is going to be governed by a founding team and the administration, although the team promises to give back full power to their community after one year. Having just launched their presale, Calyx Token (CLX) has shown great growth as a digital currency at +2.5%.
POLYGON (MATIC)
Founded by three experienced blockchain gurus, Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, Polygon (MATIC) has shown that it’s a big game player in the crypto world came together in 2017 to create the network. Being on a layer- 2 scaling option, Polygon (MATIC) has little need to do any kind of improvement in terms of its blockchain layer. Although, great scalability and quick transactions remain their goal.
Recently, Polygon (MATIC) has reduced greatly and this is as a result of a network-wide issue.
Polygon has over the years become famous across the world due to its versatile ecosystem, even though it was initially on a scalability network. Even though Polygon (MATIC) has been receiving worldwide praise and interest, it has lost a lot of value (up to 7%) in just 7 days of trading. Polygon has always tried its best to outperform the Ethereum blockchain in terms of efficiency and cost since it came into the limelight in 2017. Right now, it has to worry about Calyx Token (CLX).
CARDANO (ADA)
If for any reason you’re looking for dreamers and innovators to spring some kind of change in the world, then you should work with Cardano (ADA). Their main aim is to shift power away from systems that are unaccountable to individuals with foresight. This is done in a bid to make sure there’s more transparency in the society.
This coin was created back in the year 2017 and named after Italian polymath, Gerolamo Cardano. The name ADA was derived from the world’s first computer programmer, named Ada Lovelace. The token’s structure allows those that own it to partake in their network functioning. This means that one can go on and vote for preferred modifications on the program as suggested, so long as you’re a user.
With a standing price of $0.97 (down 10% in the last 7 days), Cardano’s (ADA) market cap has increased tremendously in the last month, averaging over 40%.
