Monero (XMR) holders were sent reeling after Binance delisted the premier privacy token in the wake of an intensified regulatory crackdown on privacy coins across all exchanges. On the other hand, UNUS SED LEO (LEO), the native token of the Bitfinex exchange, hasn’t exactly gone on a tear in 2024. It’s exactly for these reasons why XMR and LEO holders are moving on to other projects that could turn in a better ROI—and one project has become a favorite among them. It’s a newly-launched, promising decentralized P2P lending protocol called Kelexo (KLXO). Industry observers believe that Kelexo (KLXO) could become a major player in the resurgence of DeFi in 2024, giving its KLXO token a potential 20x gain this year.
Monero (XMR) Binance Delisting Sends XMR Holders Reeling
Monero (XMR) dumped by a massive 40% after it was delisted from Binance last February 9th. The leading privacy coin fell from $170 to just below $100 immediately after the news came out, sending Monero (XMR) holders reeling with almost $5 million in liquidations. Binance has since removed all Monero (XMR) trading pairs as a result of an intensified regulatory crackdown on privacy coins.
UNUS SED LEO (LEO) Shows No Signs of Breaking Out in February
UNUS SED LEO (LEO) is the utility token of the Bitfinex exchange. The token can be used to pay for transaction fees on Bitfinex, as well as receive a discount on Bitfinex fees by using UNUS SED LEO (LEO). However, despite its utility, UNUS SED LEO (LEO) has remained stuck at the $4 mark in February, trading sideways despite being the 24th-largest cryptocurrency by market capitalization. Interestingly, UNUS SED LEO (LEO) trading volumes are a measly $1 million in the past 24 hours, indicating little demand in the token itself. Since January, UNUS SED LEO (LEO) has not exhibited any noticeable upward movement, with no indications of the status quo changing in February.
Kelexo (KLXO) Drawing Whales with its Presale Launch
Decentralized finance is on the verge of a major rebirth in 2024, as industry observers forecast that the sector could break past a $150 billion total value locked by the end of the year from its current TVL of $62 billion. One of the major projects expected to play a major role in this resurgence is Kelexo (KLXO)—which industry observers believe could be on the verge of a breakout year.
Kelexo (KLXO), with its native Kelexo (KLXO) token, aims to capture a significant share of the multibillion-dollar DeFi P2P lending market. Its decentralized platform facilitates collateralized flash loans, enabling borrowers to access credit without traditional collateral while offering lenders passive income through loan interest. This innovative approach positions Kelexo (KLXO) as a potential leader in the burgeoning DeFi space.
The Kelexo (KLXO) presale is drawing whales not only from Monero (XMR) and UNUS SED LEO (LEO), but from the rest of the crypto world. 5000+ new registrants have joined since February, no doubt intrigued by Kelexo’s (KLXO) moon potential. A 20x is nothing to sneeze at, especially given the fact that Kelexo (KLXO) token prices are available at $0.022. Don’t miss out on one of the most highly-touted presale investment opportunities of the year and join the Kelexo (KLXO) presale today.
Find out more about the Kelexo (KLXO) presale by visiting the website here