The crypto market has had a difficult few months. Crypto prices plummeted at the start of this year after reaching record highs late last year. Bitcoin (BTC), the current King of Crypto, for example, fell by more than 44% between November and mid-March. In the same timeframe, contender for Bitcoin’s (BTC) crown, Ethereum (ETH), was down more than 48%, and Solana (SOL) was down roughly 68%.
The last few weeks, however, have been more promising for the sector, as prices have begun to recover. This has spurred the entrance of new altcoins with trailblazing technology to the market. Is this to say that now is the best time to invest? And with the number of exciting new developments to existing altcoins, namely Polkadot (DOT), as well as emerging altcoins, like Securipop (SECR) or Calyx Token (CLX), could there be a new King of Crypto on the horizon?
Let’s see what the cryptos have to offer.
Polkadot (DOT) is an open-source sharing protocol that can be used to build other blockchains. Polkadot is referred to by many investors as a “layer-0” network because it allows other layer-1 networks to exist.
These layer-1 networks are made up of parachains, which are parallel chains. These are native blockchains that use Polkadot’s (DOT) network consensus mechanism. Furthermore, these parachains benefit from pooled security, allowing projects to connect to popular blockchains like Ethereum (ETH) and Bitcoin (BTC) via bridges.
Polkadot (DOT) is working to solve the problem of interoperability. Because of the network’s structure, they have the possibility to improve interoperability. Polkadot’s (DOT) importance may grow over time as more projects seek to communicate with one another.
Securipop (SECR) is a blockchain-based crypto that aims to enable the creation of decentralised communication platforms. This will give users more control and freedom over information, privacy, security, and utility – all of which are easily compromised with messaging apps such as Facebook Messenger, WhatsApp and Telegram. The value of the token is solely determined by the ecosystem’s services, size, transaction volume, and messaging volume, meaning that if one dApp goes down, the rest remain unaffected.
Tokens can be redeemed for more exclusive features on the platform if users provide valuable content. The tokens are directly linked to the value of the underlying application, allowing the platform to appropriately value its premium services and maintain a strong and stable network.
The SECR token, in particular, can be used to communicate with or invite new users to the network. Furthermore, it enables users to monetise any anonymously created content and pay for any additional premium features that the Securipop (SECR) app may offer.
Securipop (SECR) allows users to earn tokens by sharing or reposting content, creating valuable content, achieving milestones, logging in on a regular basis, providing feedback, responding quickly to notifications, and referring people to the platform. While we all do those for free on different social media platforms, Securipop (SECR) wants to compensate its users for their contributions to network activity.
Calyx Token (CLX) is a permissionless, community-driven liquidity protocol that aims to enable multi-chain crypto trading and the sourcing of liquidity from various liquidity sources in order to facilitate trading and token swaps at the best possible prices. In layman’s terms, it’s a decentralised exchange platform.
One of the major advantages of Calyx (CLX) that has generated buzz is instant trade, in which tokens are swapped instantly in a single transaction. Users don’t have to waste time looking for their preferred token because it has a versatile range of tokens available for instant trade, plus they’re all low settlement risk. Calyx (CLX) will also offer users the best exchange rate for any token on supported blockchains, effectively removing the need to pay exorbitant exchange fees.
Calyx (CLX) will also provide users with a number of ways they can earn rewards and expand their crypto holdings. Anyone can become a Liquidity Provider or start a pool by donating an equivalent amount of underlying tokens in exchange for LP tokens. Moreover, liquidity providers will be able to earn a percentage of swap fees by contributing tokens to common liquidity pools on CalyxSwap.