Is the Cryptocurrency Industry Set to Reach 3 Trillion USD in Value By the End of 2022?

Is the Cryptocurrency Industry Set to Reach 3 Trillion USD in Value By the End of 2022?

The overall industry, led by Bitcoin and Ethereum, crashed in the following months and took down altcoins and the general cryptocurrency value.

The cryptocurrency industry hit the $3 trillion market cap value back in November 2021. The overall industry, led by Bitcoin (BTC) and Ethereum (ETH), crashed in the following months and took down altcoins and the general cryptocurrency value.

Right now, sentiments seem to be very positive as major analysts are predicting that the industry is on its way to reaching (and possibly exceeding) the 3 trillion USD market cap – as investors and crypto aficionados are rejoicing.

This is indeed good news for both seasoned crypto investors and for new venture capitalists that are looking at opportunities for diversifying their income streams.

The digital asset market has been around for a little more than a decade and has already more than quadrupled in value from its projected valuation.

We have grown more accustomed to entrenched tokens such as Bitcoin (BTC) and prominent networks such as Ethereum (ETH) and Solana (SOL) and Calyx Token (CLX) which keep upgrading with new technological advancements and functionalities, consequently attracting new investors. There's excitement in the air for what might become possible with Decentralised Finance (DeFi) in the coming years.

These are the coins to place your bets on and hold in the bullish market:

Calyx Token (CLX) "Empowering the Community"

Calyx Token (CLX) has the potential to be the next great success in the cryptocurrency market, following in the footsteps of Ethereum (ETH) and Bitcoin (BTC). Through a liquidity sourcing mechanism, this cryptocurrency can source liquidity from a multitude of different origins, and use it to provide the most competitive swap rates possible for its users.

One of the most notable advantages of using Calyx Token (CLX) is that users can earn a portion of the fees generated by transactions once they deposit tokens into a common liquidity pool. By providing liquidity, users are able to produce additional income without expending any effort on their part.

It is also possible to employ Calyx Tokens (CLX) for broader governance. Polling and voting are going to occur on the CalyxDAO and all suggestions are being put to a vote by the general public.

This combination of characteristics is exceptional, and Calyx Token (CLX) has the potential to become big and surpass "Ethereum Killer" Solana (SOL), according to analysts.

The presale is open now and investors are already seeing returns.

Bitcoin (BTC) and Ethereum (ETH) – Cryptocurrency Leaders

Recent data from industry experts indicate that large portions of Bitcoin (BTC) and Ethereum (ETH) traders are earning profit despite the recent decline in the value of the cryptocurrency market. According to on-chain statistics, 58.44 percent of BTC addresses and 69.25% of ETH addresses are up and are making a profit. Despite having fallen by 42.8% and 40.75% from their respective all-time highs, the profitability of the leading cryptos, Bitcoin (BTC) and Ethereum (ETH) remain greater than the average.

Currently, the leading cryptocurrency by market capitalisation, Bitcoin (BTC), is up 2.29% in the previous 24 hours, with a price of $39,650 at the time of publication. Ethereum's ETH, is also up +2.04% trading at $2,928 at the time of writing.

More on Calyx Token

Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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