Solana (SOL) definitely made waves in 2023 after turning in an 11x gain from January to December last year. And despite bottoming out in January, which saw Solana (SOL) tumble to $88, token prices have spearheaded a massive run to $118. The major catalyst for Solana (SOL) was Bitcoin (BTC) breaking past the $52,000 level this week.
However, a good number of Solana (SOL) traders in profit have been rotating their gains into early positions in exciting new DeFi protocol Kelexo (KLXO), which industry experts believe could do at least a 15x in 2024 and beyond. Here’s why Kelexo (KLXO) has become one of the hottest investment opportunities of the year.
Solana (SOL) has established itself as a strong contender in the cryptocurrency space, capturing interest with its rapid growth. Solana (SOL) prices rose from $9 in January to peaking at $110 in December 2023, propelling it to the 5th position among the top cryptocurrencies by market capitalization.
Several key factors have contributed to the rise of Solana (SOL) . With a remarkable throughput of 50,000 transactions per second (TPS), this blockchain stands out as one of the fastest in existence, making it perfect for high speed and high volume operations. The impressive technical skills greatly contribute to its increasing popularity and use—giving it an opportunity to beat Ethereum (ETH) at its own game).
Despite sinking to January lows of $88 and then another drop to $94 in February after an embarrassing outage two weeks ago, Solana (SOL) has shown resilience by bouncing to monthly highs of $118 in the past 36 hours of trading.
Decentralized finance (DeFi) is widely expected to undergo a massive resurgence in 2024 and one of the major protocols expected to drive this renaissance is Kelexo (KLXO).
With its no KYC, low fee and fast marketplace concept, Kelexo (KLXO) simplifies decentralized P2P lending like no other protocol has ever done before. While it isn’t the first decentralized P2P lender, it is without a shadow of a doubt the first P2P lending marketplace of its kind. And with its intuitive yet robust marketplace format, Kelexo (KLXO) is expected to bring in new audiences to the DeFi fold in 2024 and beyond.
The simplicity with which borrowers can shop for the perfect loan that suits their needs, as well as the ease with which lenders can list loans on the marketplace makes Kelexo (KLXO) a protocol on the verge of a breakout year in 2024. The revenue share that Kelexo (KLXO) token holders will stand to earn in the form of passive income is just icing on the cake.
Analysts in the industry are bullish about the prospects of Kelexo (KLXO) in 2024. As at stage 1 of its presale, Kelexo (KLXO)’s introductory launch prices are available at a discounted rate of just $0.028. This provides growth oriented investors with an ideal entry opportunity to invest in a blue chip with a limitless price ceiling that won’t just surpass 15x in 2025 but could easily breach 50x in 2025.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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