Investing or trading crypto is a game of strategy. This is why traders need to know when to buy, sell, or hold. The market is making major moves as Dai (DAI) stablecoin holders have started buying Kelexo (KLXO). On the other hand, Polkadot (DOT) whales are betting big on Polkadot (DOT) due to its growth potential.
Are Dai (DAI) and Polkadot (DOT) holders making the right choice by buying Kelexo (KLXO)?
The crypto market is notorious for its volatility. This is one of the reasons why some investors love it over the traditional financial market. However, stablecoins such as Dai (DAI) were created to allow investors to hold their money in stable assets before making their investment moves.
Good investors know that tracking the movement of stablecoins such as Dai (DAI) paints a picture of the market. In recent times, Dai (DAI) holders have been loading up on Kelexo (KLXO), a promising project in the presale stage.
The increased conversion of Dai (DAI) stablecoin to Kelexo (KLXO) is a key indication of how savvy investors are betting big on the new project. This is only just the start of the trend that’s expected to catapult Kelexo (KLXO) to one of the most prominent crypto projects in 2024 and beyond.
Polkadot (DOT) informed its community on February 1 that “USDC (USDC) deposits and withdrawals from Binance direct to Polkadot (DOT) AssetHub” are live. The Polkadot (DOT) AssetHub is a parachain designed for issuing, managing, and transferring digital assets across Polkadot’s (DOT) ecosystem.
Polkadot (DOT) has gained 2.43% in value after its price went from $6.58 on February 1 to $6.74 on February 4. This is a minor gain that could be wiped out if Polkadot (DOT) continues with its downward trajectory.
Analysts claim that some investors are already taking profits from their profitable trades to free up capital to allocate to new, promising projects like Kelexo (KLXO).
Kelexo (KLXO), a new project that will become one of the first Web3 platforms with a decentralized model and peer-to-peer lending, will connect lenders and borrowers without the need to go through the tedious KYC processes.
The main purpose of Kelexo (KLXO) will be to cut the bureaucratic hurdles that hinder some people from receiving traditional banking services such as borrowing. By removing intermediaries, fees will be lower on Kelexo (KLXO).
Users will be able to borrow money instantly through crypto and token holders can participate in the platform’s governance.
All presale investors will earn a share of the platform’s revenue for as long as they hold Kelexo (KLXO) tokens. Investors can scoop the tokens for a very low price of $0.048 during the ongoing presale. As a promising investment, investors who buy now are giving themselves a chance to hold a future blue-chip crypto with several rewards and incentives attached to it.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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