The massive gainer from the recent market development is Binance Coin (BNB), which surged more than 12% and above $400, signaling a renewed bullish sentiment. On the other side, USD Coin (USDC) has been gaining momentum recently and now stands on the runway head-to-head with Tether (USDT) as the latter faces a courtship war to determine the king of stablecoins.
In the meantime, Polkadot (DOT) is embroiled in controversy but still sticks; it shows an 866.84% ROI even in short-term bearish. Kelexo (KLXO) enters the lending sector at a presale price of $0.028 per token, offering this investment as one promising great potential in the changing crypto environment.
Binance Coin (BNB) went up pretty significantly in its price action and suddenly rocketed above the $400 level. While Bitcoin remained almost flat, the surge of Binance Coin (BNB) offers a new bullish bias for investors. After consolidating around the $300 support level for some time, this coin is now breaking through key technical barriers—suggesting potential for further upside. Presently changing hands just below $400, Binance Coin (BNB) has clocked an astonishing 30.6% gain over the last 30 days and, therefore, much speculation arises whether the coin is in position to retest former all-time highs above $690. With all of these pointing in favor of continuation higher, Bjon’s recent price action does signal renewed confidence in its fundamental narrative and future prospects.
For the longest time in the world of stablecoins, Tether (USDT) and USD Coin (USDC) have dominated the markets, with most centered on efforts to bring stability and liquidity to otherwise wild cryptocurrency markets. Recent developments, however, may point to a shifting landscape, with USD Coin (USDC) gathering momentum and threatening Tether’s (USDT) dominance. From a report given by Coinbase, there is a surge in USD Coin (USDC) supply of over $3.5 billion and its market cap has been reclaimed at over $28 billion. Even with the larger market share that Tether (USDT) has, the growth of USD Coin (USDC) especially in non-US markets is phenomenal.
The blockchain interoperability platform Polkadot (DOT) recently received many conditions for a charitable donation to the Ukrainian government due to the Russian invasion crisis. Though some see this as a humanitarian move, others take this as pretty brilliant for marketing. Controversies aside, the overall ROI for Polkadot (DOT) is 866.84%, which is pretty resilient in times of market volatility. However, a current price analysis tends to show bearishness, with Polkadot (DOT) trading below key resistance levels while facing downward pressure. From technical indicators, it is most likely that the downward trajectory will continue, noting the possible support at $7.87. Despite the short-term challenges, the analysts project that Polkadot (DOT) has a formidable outlook for long-term growth, with projections of surpassing $100 in the years ahead.
Kelexo (KLXO) is an innovation of the blockchain network, revolutionizing the structure of traditional loan flows with decentralized technologies. Kelexo (KLXO) enables its users to lend money instantly and without hassle on a peer-to-peer basis, without the need for high fees and bureaucratic processes, since its identity and compliance procedures are much more agile. With the expansion of the P2P lending market, Kelexo (KLXO) is at the forefront, guaranteeing improved security, increased transparency and decentralized governance. The price for Kelexo (KLXO) currently stands at $0.028 per token on presale and with this, it presents a compelling investment case with potential great growth and adoption within the crypto world.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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