Kelexo’s (KLXO) Presale Enthusiasm Bolstered by Major Investments from TRON (TRX) & Ripple (XRP) Whales

March 27, 2024

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Whale activities are usually signs to look out for in the crypto market. It is essential to know where the big players are moving toward, as that usually shows where the potential for massive profits lies.

Tron (TRX) and Ripple (XRP) whales have been active in the market lately, especially in the direction of the new coin, Kelexo (KLXO). The enthusiasm around the presale of Kelexo (KLXO) has been bolstered by major investments from Tron (TRX) and Ripple (XRP) whales. Kelexo (KLXO) is set to rock the crypto world and this recent confidence boost is just another step in the right direction.

Tron (TRX) faces further decline

Tron (TRX) was launched in 2018 and since then, it has risen steadily to become one of the most popular cryptocurrencies. The blockchain-based smart-contract platform for powering dApps is among the top 20 cryptocurrencies in the world by market cap, according to data from CoinMarketCap.

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Tron (TRX) has declined by more than 4% from last week and even more in the previous month. Tron (TRX) is trading at $0.1203 at press time, representing a 13.14% decrease in the past 30 days.

Analysts predict the drop will continue before Tron (TRX) rebounds. With support at $0.1180, Tron (TRX) can begin to retrace if this support holds, but should it be breached, the coin’s price might drop to $0.1500.

Ripple (XRP) could reach $3

Some analysts believe Ripple (XRP) could rise as high as $3 post-Bitcoin (BTC) halving. This comes off the back of massive increases recorded for many projects in March and with the optimism that the halving event brings, another surge is expected across the market. Analysts believe Ripple (XRP) is well-positioned to be one of the biggest gainers from this surge.

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The $3 mark, not far from the coin’s all-time high of $3.84, is quite a long distance from where Ripple (XRP) currently is. Ripple (XRP) is trading at $0.6352, increasing by more than 2.6% in the last week. If Ripple (XRP) should carry this momentum into the expected surge, the $3 mark looks like a realistic target.

Kelexo (KLXO) looks set for the top

Kelexo (KLXO) is a new web3 marketplace built as a decentralized platform to connect lenders and borrowers worldwide. It utilizes AI and blockchain technology to deliver fast risk assessments, instant transactions and a transparent marketplace.

The Kelexo (KLXO) token is at the center of the platform’s ecosystem and confers voting rights on every holder as well as other benefits.

The more users engage in the platform and some of its specific activities, the more they earn money, as Kelexo (KLXO) has a rewards scheme for its users.

Investors can purchase a token of Kelexo (KLXO) for a giveaway price of $0.05 while in its presale. This makes Kelexo (KLXO) one of the cheapest available investment options in the market.

Find out more about the Kelexo (KLXO) presale by visiting the website here.