Cryptocurrency is a scary market for first-time investors. Buying and trading in cryptocurrency is undoubtedly a gamble with the volatile market constantly fluctuating. However, investing in early presale coins like Calyx is an attractive option. When looking at the industry it’s hard to know where to start, here’s our advice….
What is presale?
Presale is the ability to buy cryptocurrency coins and tokens before they’ve been launched into the market. There are two types of presale with two stages of release. In the first stage, the coin is released to large-scale investors allowing them exclusive benefits. The second stage of release is to the general public and most tokens or coins are sold this way.
This is where the ‘get rich quick’ perspective comes from as you can buy tokens cheap in the hope that they boom later down the line. This is exactly how people who invested in coins like Ethereum (ETH) earned their early money on the coin.
While a coin is in presale you are protected from the fluctuating market. Most presale coins investors simply watch as their coin increases in value until launch day when it’s released.
What are the risks of investing in presale?
Like with any cryptocurrency investment there are always risks involved. The market is unpredictable and volatile, constantly fluctuating. Although you are protected from most of this unpredictability in presale, you aren’t guaranteed security.
If an announcement is cancelled before launch day you run the risk of losing your investment. You are also exposed to the hype from the cryptocurrency with very limited evidence that they will carry through their promises. At the end of the day, cryptocurrency remains a gamble.
What are the advantages of investing in presale?
Established and high-ranking coins are now very expensive to invest in as the early big money has been made on these coins. Furthermore, once a coin is listed on popular exchange sites its value skyrockets. However, the ‘get rich overnight’ money exists in the presale coins as they have a much higher potential for extremely profitable gains than established coins.
If you had invested in Ethereum (ETH) in its presale, the early trading price was $0.001 per coin, which rose to $2.50 within two months, showing the vast potential for presale profit. Therefore, if you’d invested only $100 within two months it would’ve been worth $24,990. In the last seven days, Ethereum (ETH) has been down by 18.1%, proving the gamble of investing in crypto. However, presale investments are protected from this fluctuation until release.
Which presale coins look promising?
New coin Calyx (CLX) is an exciting coin in its presale stage. This coin has a fixed price until its launch, meaning that there will be no movement until this day which adds an extra layer of protection for first-time investors. Calyx (CLX) is also currently undergoing a CertiK audit, hoping to prove its security and legitimacy. With its community-led perspective and its design to allow multi-chain crypto trading, this is a very appealing coin for new investors.
Calyx Token (CLX)