Avalanche (AVAX) Faces Steep Decline, Investors Turn to Kelexo (KLXO) Presale for Stability in 2024

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Avalanche (AVAX) hasn’t been at the races to begin the month after almost breaching the $50 mark at the end of December 2023. While Avalanche (AVAX) has been in the doldrums since, recent bullish activity may foreshadow a resurgence for the token. However, some Avalanche (AVAX) holders are nevertheless diversifying into projects that could give their portfolios an additional boost. One of the projects Avalanche (AVAX) investors are buying into plays well into the distributed software platform’s focus on DeFi. 

It’s a new DeFi lending protocol looking to capture a substantial portion of the $250 billion P2P lending sector called Kelexo (KLXO) and it’s projected to be one of the best investment opportunities of 2024.

Is Avalanche (AVAX) Finally Emerging Out of a Steep Decline?

Avalanche (AVAX) had been underperforming over the past week, with a major market correction decimating most of the gains it made last December 2023. Avalanche (AVAX) had previously fallen from $49.50 to $28 last week. But just a week after, Avalanche (AVAX) witnessed an uptick in network activity as bulls dominated the narrative and pushed token prices up to $34.61 as of this writing. 

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However, a key indicator shows that Avalanche (AVAX) could be on the verge of overcoming the trend, with its Relative Strength Index (RSI) suggesting increasing buying pressure for the token.

Will Avalanche (AVAX) Benefit from the Halving?

Past historical price performances aren’t a guarantee of future results. They merely serve as an indicator of market sentiment at a given point in time. Historically, Bitcoin surged in price during halving years in 2016 and 2020. These were then followed by market-wide bull runs in 2017 and 2021. This would peg the bull market to happen in 2025. As Bitcoin prices rise, so do most other altcoins. Avalanche (AVAX) was one of those in 2021 and it could easily repeat the feat in 2025.

Kelexo (KLXO) Poised for Parabolic Bull Market Gains

Avalanche (AVAX) holders are silently taking out early positions in Kelexo (KLXO) is a new decentralized finance (DeFi) lending protocol that recently celebrated its presale launch. The Kelexo (KLXO) presale features 7 stages, with Kelexo (KLXO) prices programmed to increase in every stage. Thus far, stage 1 has attracted 4,000+ holders as Kelexo (KLXO) launches at $0.022. The progressive token increases are among the key incentives Kelexo (KLXO) has to offer with its presale, putting early buyers in profit even before Kelexo (KLXO) lists.

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Just imagine the potential Kelexo (KLXO) has when the Bitcoin halving and bull run come around. Market analysts believe it could easily trade around the $1 to $2 range. With the DeFi P2P lending industry set to expand to a $250 billion sector in 2024, analysts believe a 50x could be on the horizon. Kelexo (KLXO) prices may never be as low as they are right now. Get in on the early action of a presale that looks ready to moon in 2024.

Find out more about the Kelexo (KLXO) presale by visiting the website here

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