Shiba Inu (SHIB) has risen by over 18% in the last 24 hours due to its listing on Robinhood. Robinhood is a fintech trading platform that added four more cryptocurrencies to its platform. Calyx news…
These cryptos included Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC) and Compound (COMP). Following the announcement, Shiba Inu (SHIB) surged by almost 25%, with the other cryptos also enjoying a rise in their value.
While the dog-themed meme coin, Shiba Inu (SHIB) enjoyed a surge in value, the world’s largest cryptocurrency, Bitcoin (BTC), endured quite the opposite as it is currently down 2.1% at $40,048.
Bitcoin (BTC) and Shiba Inu (SHIB) are two of the most well-known cryptocurrencies in the crypto world, and so most crypto newbies look straight to BTC and SHIB as the best place to start. However, this is not always the best idea, as often succeeding in the world of cryptocurrency comes down to timing.
Calyx Token (CLX) is a new cryptocurrency that has just begun stage 1 of its presale. Presales are a unique and exciting opportunity to invest in a project right from the very start. Calyx Token has slowly garnered more and more attention over the last two weeks, and it has now been put on the radar of several crypto experts and investors.
Calyx Token (CLX) Calling
Unless you are crawling through crypto news with a keen eye, you are unlikely to have heard of Calyx Token (CLX). However, do not think this is a reason to dismiss Calyx Token (CLX), just because it is new to the crypto-sphere. Presales allow investors to get in early on the project, and the earlier you get in, the more chance you have at creating significant rewards.
The concept behind Calyx Token is that it is a community-driven and permissionless liquidity protocol. It has been designed to allow multi-chain crypto trading and sourcing of liquidity from various liquidity sources to foster trading and token swaps at the best prices.
Time In The Market Vs Timing In The Market
A common misconception in the crypto world is to assume that if a cryptocurrency has been in the market for a long time, it is a better investment option than a cryptocurrency that has been newly created. However, one of the most important things to remember is that timing is of the essence, whether you invest in a presale, during a dip or during a peak – every second matters.
New cryptocurrencies and projects are often dismissed, however, what everyone investor should remember is that even Bitcoin (BTC) was initially disregarded and laughed at.
The big dogs, Dogecoin (DOGE), Shiba Inu (SHIB) and Bitcoin (BTC), are always going to go through peaks and troughs. However, the potential of a presale is always exciting. It gives investors a chance to get in at a meagre cost and watch the project grow from the ground up. It’s not often that promising cryptos come around, and regardless of whether you are a crypto newbie or a well-seasoned pro, Calyx Token (CLX) is a crypto worth watching.