Are you looking for a crypto investment that could produce boundless returns — figuratively speaking, of course? Two ways a token could considerably outperform the vast pack of altcoins. One is to become universally adopted as a form of payment, and another is to decrease supply while increasing demand perpetually. Here are three tokens that fit into those two categories.
Dogecoin (DOGE), The Official Currency of Mars?
Dogecoin has been a phenom among meme tokens. While it started as a joke, it has seen a resurgence in recent years partly because Elon Musk has essentially adopted it. Elon has even hinted that DOGE could be the official currency of Mars someday and that he plans to put a Dogecoin on the Moon.
Today, the token is accepted by some retail giants like AMC Cinemas, GameStop, NewEgg, and Tesla (merch only), among many others. Very few cryptocurrencies have achieved this status. This puts DOGE in the odd position of going from a joke to becoming a serious contender for the legendary “native cryptocurrency of the Internet” status.
If DOGE continues to see mass adoption and regains any of its previous four highs, it would produce either 150%, 350%, 500%, or even as much as 900% returns from today’s price of just under eight cents.
Shiba Inu (SHIB), Lots of Itty Bitty Tokens
Another popular dog meme coin, Shiba Inu (SHIB), was launched in 2020 by a pseudonymous founder named “Ryoshi.” A lot of SHIB fans think of their dog as a DOGE killer.
The SHIB development team is busy concocting a Defi project they call Shibarium Financial Ecosystem, including a native, dollar-pegged, algorithmic stablecoin.
SHIB tokenomics are off the chart. The token boasts a circulating supply of exactly 549,146,987,315,505. The price of SHIB is currently hovering around $0.00001. For a fist full of dollars, you can own millions of them.
But don’t let that tiny fraction fool you; the coin recently posted a 24-hour trading volume of nearly $350 million and is the 17th largest token by market cap. Moreover, SHIB tokens are slowly being burned (taken out of supply), producing a highly desirable deflationary tokenomics.
Technical analysis suggests that Shiba Inu (SHIB) has been in a bullish trend for the past few weeks and could pull a 4x in the near- to mid-term. In the long-term, it could surpass its all-time high of $0.00008, bringing 8x returns.
Gnox Token (GNOX), Headed for the Heavens
Gnox Token, although it’s not a dog, is an interesting animal. While the supply of DOGE constantly goes up to pay miners, the GNOX token is designed to produce a constant reduction in circulating supply. The idea is to continually increase demand while reducing supply to achieve parabolic price performance.
GNOX is considered a DeFi utility token. A portion of the circulating supply is used to invest in passive income-producing assets such as liquidity pools and staking and lending platforms. All investments are screened by a team of DeFi analysts to find the lowest risk/highest return assets.
Returns from these activities are then used to buy GNOX tokens on the open market. Those tokens are then removed from the circulating supply, which boosts the token’s spot price. The sky is the limit when you combine ever-growing demand and forever-falling supply.
Gnox Token is currently in presale mode. It has built-in incentives for early adopters, such as a 1% royalty on all sales airdropped to current holders once every hour.
Presale runs until July 12th, and the platform officially launches on July 18th.
Learn more about Gnox:-
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
Boundless Returns? Invest in Shiba Inu (SHIB), Dogecoin (DOGE), and Calyx Token (CLX)
Cryptos like Dogecoin and Shiba Inu are some of the top investments in the volatile cryptocurrency market
The cryptocurrency industry is ever-expanding and creating new possibilities and innovations for investors around the world.
According to the latest reports from the meme coin world, you can now pay your rent in Shiba Inu (SHIB) and Dogecoin (DOGE). This comes just weeks after the news that (some) luxury car dealerships in the USA are accepting Bitcoin (BTC) as a form of payment.
Purchasing a Porsche in BTC and paying rent in SHIB or DOGE. Staking tokens, and receiving rewards all while being part of a close-knit community of like-minded individuals on CLX.
There is nothing cryptocurrency can’t do, what an exciting time to be alive and be part of the crypto-world!
A DEX Platform for the Community: Calyx Token (CLX)
It has only recently been announced that the Calyx Token (CLX) project will be going live on the markets.
With the development of this permissionless liquidity protocol, the primary goal is to enable multi-chain cryptocurrency exchanges and the procurement of liquidity across numerous liquidity channels such as decentralized exchanges (DEXs), which operate on top of various blockchain networks. The system will allow trading and token exchanges at the best possible prices and value.
CLX, the native token in the Calyx Token ecosystem, is currently in the first stage of its presale. The presale began just under a month ago and has already shown to be rewarding and successful for venture capitalists.
Anyone who chooses to become a part of a dynamic and progressive community of virtual innovators is welcome to do so. Community, alongside innovation, will be central to the protocol’s existence in the markets.
Users of the CLX coin will receive a share of the trading fees collected in exchange for staking their tokens into a common liquidity pool. Providers of liquidity to other users have the ability to make additional income without having to perform any additional labor. This is passive income at its best.
Providers of liquidity to other users have the ability to make additional income without having to perform any additional labor. This is passive income at its best. Rewards and bonuses for staking tokens are also going to allow additional income.
Latest Trend: Pay Rent in Memecoins
A large real-estate corporation, Jamestown, has implemented cryptocurrency payments through the signing of a collaboration agreement with the digital payment provider BitPay.
Through the signing of what is considered to be one of the most successful commercial real estate deals, rent in cryptocurrency (SHIBA and DOGE) will be accepted at the company’s properties around the United States. The company is considering expanding into Europe in the next year.
Dogecoin is presently ranked 10th among the 2 thousand biggest BSC whales. S statistics showed an increase in on-chain Dogecoin transactions for $100,000 or more, reaching $2.59 billion on April 25.
Last Monday, Dogecoin soared following Tesla’s CEO Elon Musk’s finalization of his disputed $44 billion takeovers of the social media platform Twitter.
The spike could have taken place as Dogecoin is expected to have a central role in the Twitter space.
Tesla CEO Elon Musk recommended allowing Twitter “Blue” subscribers to pay with Dogecoin (DOGE). Musk said it would be “great” if DOGE could be used on what is now his communication platform.
DOGE is now trading at $0.13, down from the $0.166 on April 25. Dogecoin has fallen 2.24% percent during the last 24 hours.
More on Calyx Token:
https://presale.calyxtoken.io/register
https://t.me/CALYX_TOKEN_OFFICIAL
https://twitter.com/CalyxToken
https://www.instagram.com/calyx_token
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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