The volatility of the cryptocurrency world is no secret to anyone. One day you could have one of the best crypto portfolios known to the world and the next the assets have lost most of their value. This is often the result of cryptocurrencies without a use case or a project in mind and people not purchasing for the long term.
Tezos (XTZ) and Filecoin (FIL) are two examples of how presales can lead to massive success stories and Calyx Token (CLX) is one of the more recent opportunities to join a project before it potentially increases in value.
Tezos (XTZ) is an example of a presale that then progressed into a much larger project that is competing for the top slots among the current crypto giants. The Tezos (XTZ) community is in charge of changing the blockchain for the betterment of its members through a technologically advanced voting system.
Tezos (XTZ) started their ICO at a price point of approximately $0.47 and went on to raise over $200 million. This fundraising then helped propel them to the position they are in today.
The price of Tezos (XTZ) is around $3.38 at the moment, meaning that since the ICO it has increased by over 600%. If we took the maximum price of XTZ since launch, $8.70, then the increase is over 1700%.
Filecoin (FIL) is another famous presale that led to great strides for the project as a whole. The starting price for FIL was around $5 and generated over $250 million in sales. With this vast budget, it is not surprising that Filecoin (FIL) managed to reach an all-time high of around $188 and is now hovering around the $25 price point.
Those who managed to purchase at that $5 presale price would have made over 3600% of their investment if they sold at the max price. For perspective, a $1000 investment would have resulted in a return of $36,000.
Filecoin (FIL) provides people with the opportunity to rent out their leftover storage space on devices. This will reduce the need for consistently building new storage components that can cost a large amount of money. The concept will allow businesses to make use of the decentralized network Filecoin (FIL) has established.
The next contender to become one of these large presale stories could be Calyx Token (CLX). This crypto has developed a liquidity sourcing protocol that can claim liquidity from a variety of sources and use this to provide the best rates possible for swaps.
One of the largest benefits to those who use Calyx Token (CLX) is that users can receive a percentage of the fees created by trades when they place cryptocurrencies into a common liquidity pool. Whilst providing that liquidity, users are creating additional income without any effort on their part.
Calyx Tokens (CLX) can also be used in general governance, voting takes place on the CalyxDAO and all proposals will be publicly available for voting. Staking will also earn rewards on those tokens.
This combination of utility is impressive and could potentially make Calyx Token (CLX) another success story. Presales are abundant and can be difficult to select the next winner. Another potential candidate for the success story is Securipop (SECR).
Securipop (SECR) is a community-based token that will give holders of the cryptocurrency access to unique features such as a chat application. Users of the community will be given the ability to communicate without fear of their data being taken and sold to third-party corporations. The application will even include exciting features that can be unlocked with Securipop (SECR) tokens.
Cryptocurrency is an uncertain industry at the best of times, therefore it is necessary to research the projects that you are interested in. Once you are satisfied with the project then joining at what could be the lowest price point available has often led to stories of massive success and returns surpassing expectations.
Based on the examples given it is clear that there is a lot of potential in presale projects and Calyx Token (CLX) or Securipop (SECR) could be next.
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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.