Chainlink (LINK) holders are jumping ship towards more profitable crypto ventures as whales continue dumping their holdings on retail. On the other hand, the so-called libertarian government of Argentina is training its sights on regulating the crypto industry in the country. Argentina is one of the largest adopters of Bitcoin (BTC) and crypto in general, which couldn’t be good news for investors in the Latin American country especially with the Bitcoin (BTC) halving just around the corner.
According to reports from local media, President Javier Milei is getting ready to issue an emergency decree to establish rules for cryptocurrency operations. This would bring them under the supervision of the national securities watchdog and all cryptocurrency service providers, even those outside Argentina, would have to register and obtain a license from this government organ. This could NOT be bullish news for Bitcoin (BTC) and crypto holders in Argentina. Bitcoin (BTC) was trading at $51,118 as of this writing, representing a 2.3% weekly loss.
In a case of “more news at 5,” Chainlink (LINK) whales have been mercilessly dumping on holders ever since hitting a monthly high of $20 in February. Over the past week, Chainlink (LINK) prices have dumped by 8.3%, trading at $18.24 as at press time. According to sharp crypto observers, the chart is matching a speculative bubble chart. This could indicate that $20 was the “new paradigm,” and that the current price action is in a “dead cat bounce” with prices set to crash to $13, if the trend holds.
The whales are coming and boy, when they do, they certainly make a big splash. That’s exactly what’s happening in what market analysts believe could be the best presale investment opportunity in February: Kelexo (KLXO).
Kelexo (KLXO), a pioneering and decentralized peer-to-peer lending protocol, is approaching the conclusion of its first stage launch sale.
Potential investors are presented with the opportunity to invest in a leading DeFi asset at a compelling price of only $0.028. Kelexo (KLXO) groundbreaking lending marketplace protocol has transformed the decentralized peer-to-peer lending sector by simplifying P2P lending and offering a user-friendly marketplace supported by audited smart contracts. Positioned to attract a large share of new and existing users in the DeFi realm, Kelexo (KLXO) provides a platform with numerous benefits, including the ability for Kelexo (KLXO) holders to generate passive income through a revenue-sharing arrangement.
Kelexo (KLXO) represents a rare chance to invest in a project poised for significant growth at an exceptionally low price point. With DeFi primed to take center stage in the upcoming cycle, participating in the Kelexo (KLXO) presale is an opportunity that could yield substantial returns when market conditions turn favorable.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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