Crypto community go wild as Kelexo (KLXO) launches presale as Avalanche (AVAX) and Ripple (XRP) fall

Altcoin News

January 29, 2024

Altcoin News

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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. However, Avalanche (AVAX) prices have recovered nicely with the launch of a new scalability solution on the blockchain. The same can’t be said for Ripple (XRP), which is continuing its bearish trend entering February. This has sparked interest in projects like Kelexo (KLXO), a new DeFi lending protocol looking to capture a substantial portion of the $250 billion P2P lending sector, tagged by a growing number of market analysts as one of 2024’s best presale investment opportunities.

Avalanche (AVAX) Rebounds with Vryx Release

After a debilitating market correction, Avalanche (AVAX) rebounded from a steep decline to $28, reaching $34.61 as buyers regained control in the past 48 hours of trading. The recent resurgence in network activity suggests a potential reversal of fortunes for Avalanche (AVAX) prices in the coming weeks. One of the catalysts for this potential resurgence is the launch of AVA Labs’ Vryx scaling solution. Vryx will help scale Avalanche (AVAX) to hit a throughput of 100,000 transactions per second. The recent surge in Avalanche (AVAX) prices flowed into the distributed software platform’s robust DeFi ecosystem, as represented by its total value of assets locked (TVL).

Ripple (XRP) Still Treading Water

Despite a partial victory against the SEC, Ripple (XRP) prices have remained stuck crabbing around the $0.45 ro $0.60 range since the beginning of the year. The short-term boost to its partial win that caused Ripple (XRP) prices to surge to $0.80 has been decimated since. The lack of significant progress has left investors flummoxed and waiting for the next narrative that could theoretically boost Ripple (XRP) prices. The 2018 all-time high remains elusive and Ripple (XRP)’s potential remains a matter of speculation.

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Kelexo (KLXO) Presale Offers a Solid ROI in 2024

Kelexo (KLXO) is drawing plenty of attention as it goes live with stage 1 of its 7-stage presale. The campaign will launch KLXO tokens at an introductory price of $0.22 during stage 1, offering prospective investors the earliest possible entry point to a project that could go on a big run in 2024. Kelexo (KLXO) is a decentralized finance (DeFi) peer-to-peer lending protocol making its debut with the campaign.

Moreover, the Kelexo (KLXO) presale is structured to implement price increases for every succeeding stage, allowing early investors to be in the green even before the token launches for public sale on exchanges. Kelexo (KLXO) makes P2P lending convenient between lenders provisioning crypto-backed loans and borrowers who wish to avail of them through the Kelexo (KLXO) marketplace.

With DeFi expected to make a big comeback ahead of the next bull run, Kelexo (KLXO) could be on the verge of a major breakout, distinguishing it as a potential long-term hold with a promising ROI. Don’t miss the chance to be at the ground floor of a presale investment opportunity that could pay for itself many times over in the coming years.