Calyx Token (CLX), Stellar (XLM) and Cosmos (ATOM) – 3 Cryptos Likely to Rise in 2023
Bitcoin (BTC) captured the world’s attention in 2017 when its price surged from $1,000 to nearly $20,000. The frenzy has died down a bit, but interest in cryptocurrencies remains high. In fact, many experts believe that 2023 will be the year of cryptocurrency mass adoption. So which tokens are likely to see the biggest gains in 2023? Here are 3 contenders: Calyx Token (CLX), Stellar (XLM), and Cosmos (ATOM).
Why is Calyx Token (CLX) attracting investors’ attention?
Calyx Token (CLX) is a multi-chain protocol built on the Ethereum (ETH) network, which is planned to be integrated into other networks such as Solana (SOL) and Avalanche (AVAX) in the near future. Calyx Token (CLX) users will be able to transfer their tokens between networks at any time.
The native token is CLX has completed the first phase of the presale. With a total supply of 1 trillion units, CLX is expected to enter DEX exchanges in the current quarter. The management team is working hard for CLX to enter the crypto market. The protocol, which allocates 10% of its total supply to developers and administrators, will start to distribute these tokens after keeping them locked for 6 months.
In addition to the management team, which has great experience in the field, the developer team is also very talented. The distinctive feature of Calyx Token (CLX) is that it will unconditionally switch to the DAO management system in the first quarter of 2023. Thus, all users will be included in the management. Users will be able to declare new ideas, propose new developments and vote on every decision to shape the future of the platform. In this way, miscommunication problems will be eliminated and unnecessary lack of trust between the project and the user will be prevented.
The biggest feature of the protocol is that, except for the tokens released after the presale is completed, all of the unsold tokens will be burned. This will prevent any manipulation of the Calyx Token (CLX) in the future.
Stellar’s (XLM) rivalry with XRP (XRP)
Stellar (XLM) is a decentralised, open-source protocol for digital currency to fiat currency transfers that allows cross-border transactions between any pair of currencies. Stellar boasts its similarity to XRP (XRP) in that it functions as a bridge currency, allowing for its rapid transaction times and very low fees.
In addition, like Ripple, Stellar has its own native cryptocurrency, called Lumens (XLM). XLM’s market cap is currently about 2.8 billion, making it the 26th largest cryptocurrency at the time of writing.
One of Stellar’s key features is its use of smart contracts; however, its smart contract functionality is more limited than Ethereum (ETH). Regardless, Stellar (XLM) is a powerful cryptocurrency with many features that make it unique and useful.
What is unique about Cosmos (ATOM)?
Cosmos (ATOM) is a cryptocurrency with a market cap of $2.6 billion at the time of writing. It is the native currency of the Cosmos network, a decentralised platform that enables cross-chain interoperability.
Cosmos (ATOM) was founded in 2014 by Jae Kwon and Ethan Buchman, and the Mainnet was launched in 2019. The Cosmos network consists of two layers: the Tendermint Core consensus layer, which supports Byzantine Fault Tolerance, and the Cosmos SDK application layer, which enables developers to build decentralised applications (dApps). Cosmos features Gaia, a proof-of-stake (PoS) blockchain protocol; the Inter-Blockchain Communication Protocol, which enables cross-chain communications; and Stargates, which allows for scalability.
As a result of its unique design, Cosmos (ATOM) has become one of the leading cryptocurrencies in terms of both market capitalization and transaction volume.
What should be your next investment choice?
While no one can say for certain which tokens will rise in value over the next couple of years, it’s worth considering some of the options that have been making waves in the blockchain and cryptocurrency communities.
Based on current trends and what we know about how these technologies are developing, it seems likely that Calyx Token (CLX), Stellar (XLM), and Cosmos (ATOM) could be among those to watch in 2023. However, always do your own research before investing any money into these or any other tokens.
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