Ripple (XRP) is on the rise in February as Kelexo (KLXO) presale takes the limelight from Shiba Inu (SHIB)

Altcoin News

February 05, 2024

Altcoin News

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After the market corrected in January, the crypto community is wondering what February is bringing to the table. Ripple (XRP) is enjoying the month of love as it is already on the rise while Kelexo (KLXO), an upcoming DeFi platform, is taking the spotlight from Shiba Inu (SHIB), a well-known meme coin with a loyal support base.

Will Kelexo (KLXO) attract more investors than Ripple (XRP) and Shiba Inu (SHIB) in February? Let’s find out.

Ripple (XRP) is Off to a Good Start in February

Ripple (XRP), a fintech firm that impacts businesses through crypto and blockchain, has had a good start to February. This is something that not many cryptocurrencies can say as prices take a breather.

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Ripple (XRP) is up 3.1% after surging from $0.4944 on February 1 to $0.5097 on February 4. Analysts don’t hold high prospects as the market has yet to determine which direction it wants to take next.

If Ripple (XRP) remains in this range, it could offer a buying opportunity to investors who are already holding the cryptocurrency. A significant rise could spell bullish momentum for Ripple (XRP), making it a good buy for users who want to benefit in the short term.

Kelexo (KLXO) Overshadows Shiba Inu (SHIB)

Shiba Inu (SHIB), one of the most popular meme coins in the world, has seen its spotlight grabbed by Kelexo (KLXO), a new kid on the block.

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It must be noted that Shiba Inu (SHIB) has done a great job in building a loyal community and introducing practical features that add value to the Shiba Inu (SHIB) ecosystem. However, each project reaches a ceiling and has to see promising projects take the reigns.

Shiba Inu (SHIB) is down 5.93% in the last while its yearly losses are significant, standing at 35.24% after tumbling from $0.00001471 on February 5, 2023, to $0.000009029 on February 4, 2024.

Kelexo (KLXO) is a Dark Horse with Great Potential

Experienced investors know that high-market-cap crypto projects offer safe, but low-reward investments while new projects like Kelexo (KLXO) are the ticket to big gains. Kelexo (KLXO) will make a name for itself as a decentralized, peer-to-peer lending platform that caters to all users.

Apart from proposing well-thought-out practical utilities, Kelexo (KLXO) has won many hearts through its investor-centric tokenomics. Firstly, investors can scoop Kelexo (KLXO) tokens for $0.048 per token, making it easy for everyone to invest.

Kelexo (KLXO) will mint 440 million tokens, with liquidity locked for life and team tokens will be vested for 500 days. This means that there is no instant dumping and the vesting period shows the team’s commitment to the project.

While Ripple (XRP) and Shiba Inu (SHIB) are solid projects to invest in, Kelexo (KLXO) is tipped to be a future blue-chip cryptocurrency. Investors are encouraged to at least check out Kelexo (KLXO) before making any investment decision.

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