Kelexo (KLXO) shows potential of hitting 30X in 2024 says expert analyst as Avalanche (AVAX) & Cardano (ADA) holders ride the storm

Altcoin News

February 08, 2024

Altcoin News

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An increasing number of crypto observers are tipping Kelexo (KLXO) as the next 30x gem in 2024. Meanwhile, Cardano (ADA) and Avalanche (AVAX) are falling below key support levels in the past week, with holders looking elsewhere to make serious gains this year.

Avalanche (AVAX) At a Crucial Price Juncture

Avalanche (AVAX) currently trades at $34.18 in the past 24 hours, down by 4% within the same time frame. The native token of the distributed software platform is showing signs of life after bouncing off its downtrend last February 3rd. Avalanche (AVAX) bulls are trying to hold the key support at the 20-day EMA at $34.55, but it has slipped below the level in the past trading day. Should prices break past this key support level, Avalanche (AVAX) could break past $40, and attempt to rally at an important resistance and psychological level of $50. Avalanche (AVAX) trading volumes are down 13% in the past 24 hours, or $407,293,777, according to data from CoinGecko.

Cardano (ADA) Falls Below Critical Support at $0.50

Cardano (ADA) prices are down 3.7% in the past week, as Cardano (ADA) token prices traded at $0.495 as at press time. Cardano (ADA) has fallen below a critical support level of $0.50, after trading at $0.677 last December. However, if Cardano (ADA) fails to break past $0.50 soon, However, if buyers cannot restore the price above the vital area of $0.50 soon, one can expect a test of the support level. Cardano (ADA) is trading at $0.4959 at press time. Despite the overall crypto market rising by 0.70% and similar Layer 1 coins experiencing a 0.70% increase, Cardano (ADA) is actually losing value.

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Kelexo (KLXO) Poised for Parabolic Growth in 2024

Avalanche (AVAX) and Cardano (ADA) holders count themselves among the 5000-strong registrants that have joined the Kelexo (KLXO) presale launch. Crypto observers believe that the early demand for the protocol’s native Kelexo (KLXO) token could foreshadow exponential growth in price and in prominence.

Kelexo (KLXO), which is building the premier decentralized lending marketplace, aims to bite into the massive P2P lending industry. By streamlining the process, Kelexo (KLXO) could become a major DeFi player in 2024. With Kelexo (KLXO), borrowers no longer have to deal with complex applications and long processing times. Meanwhile, prospective lenders can provision loans in seconds by simply listing them on the Kelexo (KLXO) marketplace with a few clicks.

Thus far, as of stage 1, Kelexo (KLXO) token prices are available at $0.022. With prices set to increase during Kelexo’s (KLXO) multiple-stage presale, now is the perfect opportunity for prospective investors to register and take advantage of the low price and be in line for early profits even before Kelexo (KLXO) lists. Crypto observers predict Kelexo (KLXO) could trade around the $0.60 to $1 range in 2025, representing a 30x to 50x gain.