In recent weeks, the crypto market has noted a decline under shocking global conditions. Since the peak of all time, both Bitcoin and Ethereum have lost more than 55%.
Cardano dropped nearly 80% from its all-time high, while Solana, one of the world’s crypto stars, lost about 80%.
In addition, the Terra (LUNA) dispute has shaken the industry. After the stable brand of the TerraUSD (UST) network lost its pin in the US dollar and plummeted, the cryptocurrency lost almost 100% of its value in just 24 hours.
Not only is this bad news for LUNA investors, but it is also undermining the credibility of many investors in stable and generally cryptocurrencies. Is this the right time to invest in the crypto market?
Should You Still Invest in Cryptocurrencies?
Crypto should be seen as a long-term investment instead of a quick profit system.
If you feel that cryptocurrencies have long-term power, you can choose to buy them while their price is still cheap. However, it may not be yours if you want immediate cash.
Think about whether you can afford to invest at that time. Because of the high risk associated with cryptocurrencies, invest only in the way you are prepared to lose. If you are having difficulty paying for your expenses or do not have enough money for emergencies, you may want to prioritize these needs before investing.
Consider the amount of risk you are willing to take. Temporary fluctuations can be difficult to swallow, even if you have a long-term vision.
It is not uncommon for cryptocurrency prices to drop by 50% or more, so if you do not lose sleep due to such instability, you may want to consider investing in something else.
Can Presales Be the First Place?
Many investors like to start their investment activities with presales. Before being sold on the market, coins are offered at a lower price during the previous sale to earn interest. Therefore, pre-sale can reduce the risk to investors.
Investors avoid huge losses if a crypto project fails as it is purchased cheaply. However, more tokens are much needed when they first hit the market, allowing early investors to benefit from their sales.
You should choose a token to sell in advance as you evaluate the White Paper in order to achieve long-term project performance. Another good indicator is that if the token gains interest in the wider crypto community.
Calyx Token (CLX) is one of the beneficiaries of previously traded tokens. Those who used it initially indicate that it may have the potential to transform the industry in terms of usability and collaboration.
The Calyx Token will be a liquidity protocol that uses state-of-the-art technology to help users avoid long processing times and high gas costs associated with crypto trading.
Calyx Swap, a platform exchange solution, will cover the purchase of funds from multiple sources across a number of DEXs in various blockchains, such as Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC), and Binance Smart Chain, in order to give users the best rating of any changes to any blockchain based network.
In addition, the Calyx Token will be unauthorized and enabled. Users will not be required to check the strict security required for intermediate transactions, and will not be required to register to use the flexibility.
As a result, CLX is expected to be a major success for DeFi, and will be readily available due to these features.
While cryptos have the potential to be a lucrative investment, they are not ideal for all investors. Decreasing good time to buy cryptocurrency as prices are low, but you should keep in mind the associated risks. The more prepared you are, the better.