Turning Tides: Kelexo (KLXO) Sails Steadily Up, Polygon (MATIC) Stalls and Optimism (OP) Sinks Behind

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The cryptosphere is filled with tons of opportunities aiming to reshape another sector. Kelexo (KLXO) is one such project that is on the cusp of revolutionizing borrowing and lending services. Its native token is currently on the lips of numerous investors and analysts as it is poised to outpace Polygon (MATIC) and Optimism (OP).

Kelexo (KLXO): One-of-a-kind Borrowing and Lending system

Kelexo (KLXO) is a Web3 marketplace designed to reshape borrowing and lending services by enabling borrowers and lenders to transact seamlessly without third-party participation.

The platform also offers a debit card that allows individuals to spend directly from their Kelexo (KLXO) wallet. Also, Kelexo (KLXO) does not require a KYC verification from users, eliminating time-wasting policies and compliance issues associated with borrowing from traditional lending institutions. 

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At the heart of this magical tide is $KLXO, its native token. Currently, Kelexo (KLXO) has been gaining traction in its massively discounted presale, priced at $0.048. Individuals who buy the token can rest assured that they are in good hands as experts have audited Kelexo (KLXO) and liquidity has been locked.

Polygon (MATIC) disappoints investors as it fails to Shake off the winter

Polygon (MATIC) is a layer 2 Blockchain solution built on the Ethereum network to increase the network’s speed, scalability, and efficiency. Polygon (MATIC), the native token of the platform, serves the purpose of utility and governance. Polygon (MATIC) token rose to an all-time high of nearly $3 in December 2021 but shed all its gains in the crypto winter that started in May 2022. 

Polygon (MATIC) currently has plunged by over 70% and is worth $0.80. While Polygon (MATIC) continues to show slow signs of recovery, experts are not very optimistic about the token and some speculate that its very best days are way behind as it fails to reclaim its lost ATH.

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Optimism (OP) falls by 5.14% in 24 hours

Optimism (OP) is another layer 2 solution that has been going down lately. It is fast, scalable, and cost-effective, allowing developers to work efficiently and pay very low fees for their transactions. 

However, according to data from the Economic Times, Optimism (OP) recorded a 5.14% loss in price value over the past 24 hours. A factor responsible for this could be the upcoming massive token unlock that is set to push over 8% of the total supply of Optimism (OP) onto the market.

Despite its upcoming network-wide upgrade, Optimism (OP)’s on-chain metric spells a sinking $OP. Open Interest has gone down by close to $100M and the Network Growth metric is nosediving, with Unique Active Wallet losing over 4.8% in the past 30 days.

Conclusion

Kelexo (KLXO) is a groundbreaking innovation that stands out with its presale event and ever-growing ecosystem. It has moved some analysts to speculate that it has the potential to surpass Polygon (MATIC) and Optimism (OP) shortly. 

Find out more about the Kelexo (KLXO) presale at their official website.

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