In 2024, every crypto trader wants to maximize as much as possible. With lots of protocols in their pre-launch activity, investors are asking which of them has the potential to give them a 20x gain this year. A crypto analyst has said there are three tokens with these potentials and they are the Solana (SOL), DAI (DAI) and Kelexo (KLXO) tokens.
However, a market expert has tipped the Kelexo (KLXO) token at presale over the Solana (SOL) and DAI (DAI) tokens. Their reason for this is the number Kelexo (KLXO) is pulling in at just presale.
They mentioned that when it comes to long-term gain, Kelexo (KLXO) is the token to buy, as the token will dominate the market towards the end of 2024.
Solana (SOL) has consistently dropped in market value in the past seven days. After recording an 8.35% drop in market value in the last seven days, Solana (SOL) is now ranked #5 by market capitalization.
Currently trading $884M worth of tokens daily, Solana (SOL) is said to be preparing for a price rally in the coming weeks. A crypto analyst has told current Solana (SOL) token holders that the token could return to its $110 mark.
However, he said new investors should stay away from the Solana (SOL) token for now and buy into Kelexo (KLXO) instead.
As of writing, DAI (DAI) is now selling for $0.99 per token. With a total market capitalization of $4B, the token is the 19th most valuable token in the crypto market. Launched in November 2019, after an upgrade from the single-collateral DAI (DAI) protocol, the DAI (DAI) protocol is a multi-collateral DAI (DAI).
Invariably, what this means is that the DAI (DAI) can be collateralized by multiple cryptocurrencies and support a DAI (DAI) saving rate.
To be fair, some users have said that opening up on the DAI (DAI) protocol removes its elitist nature, which was a valuable proposition of the token. However, most are happy with the level of inclusion the protocol now has.
When it comes to loans, traditional banks have a rigorous process. Checks like credit scores, asset values, available guarantees, or guarantors are put in place before loans can be gotten. In most cases, the alternative is to go through a loan broker and the major issue with them is the high rate of interest, which makes the loan expensive.
Kelexo (KLXO) has found a way to make these problems nonexistent on its platform. A user must sign up to borrow a token on Kelexo (KLXO). After this, they search for the token they need on Kelexo (KLXO), sign the agreement put up by the lender and get an instant deposit of the token.
With this process in place, Kelexo (KLXO) will increase access to tokens for borrowing purposes by the crypto community.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
Stablecoin issuer Tether has hired former Paypal and Chainalysis Executive Jesse..
The US Government is pushing for the release of Binance Executive..
MicroStrategy has bought an additional 18,300 Bitcoin in its effort to..
Stay ahead in crypto with AltcoinDaily.co! Get the latest news, expert analysis, and blockchain insights. Your trusted source for all things cryptocurrency. 🚀💰
Join Now