The crypto world is driven by narratives. And during the last week, AI tokens were in the center of the conversation, with prices of certain AI-linked cryptos skyrocketing early in April. However, in recent days, the narrative has favored DeFi-linked cryptos, with Uniswap (UNI) and lending protocol AAVE (AAVE) experiencing double-digit gains out of nowhere. However, it’s not either of these DeFi tokens that will moon in 2024 and 2025. Industry observers are earmarking newly-launched DeFi peer-to-peer lending protocol Kelexo (KLXO) among the next big cryptos of the next bull cycle.
Last February 23rd, Uniswap (UNI) prices skyrocketed by 60% in mere minutes, surging from $7 to a new two-year high of $12.80. The pump came off the heels of the Uniswap (UNI) Foundation proposing a new fee mechanism for Uniswap (UNI) users who staked their tokens on the platform. The pump proved to be short-lived, after long-dormant Uniswap (UNI) holders began selling off vast amounts of tokens. This caused Uniswap (UNI) prices to plummet by 19% by February 24th. Currently, Uniswap (UNI) trades at $10.40.
Shiba Inu (SHIB) prices bounced back from the local support of $0.0000093 on February 24th and went on a 4% rise to $0.0000098 as of this writing. However, the reversal is still supported by weak momentum and Shiba Inu (SHIB) bulls need to break out from heavy resistance at $0.00001 to escape the consolidation zone. But even if Shiba Inu (SHIB) breaks out, the price gains are expected to range around a meager 5% before it reaches the real heavy resistance trendline.
Newly-launched DeFi P2P lending protocol goes boldly where older protocols like AAVE (AAVE) have never gone before: straight to the masses. See, the steep learning curve involved with using the existing crop of DeFi lending solutions hasn’t caught the fancy of non-crypto natives but Kelexo (KLXO) P2P marketplace concept will.
Kelexo (KLXO) is a trailblazer in decentralized finance whose protocol specifically focuses on peer-to-peer lending and borrowing. The protocol acknowledges the challenges of acceptance and accessibility within decentralized finance and aims to address them by creating a more inclusive, user-friendly and seamless P2P lending experience. Kelexo (KLXO) also places a strong emphasis on user security through comprehensive examinations. With these efforts, Kelexo (KLXO) aims to attract a wide range of new and existing consumers to its innovative marketplace solution.
Kelexo (KLXO) simplifies the entire crypto lending and borrowing process, making it infinitely more accessible to mainstream audiences and non-crypto natives. It’s as simple as using e-commerce sites like eBay or Amazon, with fully-audited smart contracts underpinning the lending and borrowing service. Kelexo (KLXO) packages the value proposition of AAVE (AAVE) and other lending protocols to create a marketplace that could gain widespread use and adoption in the future of DeFi sending its Kelexo (KLXO) token in a parabolic growth trajectory.
With token prices at just $0.028, now is the best time to buy in, get in on the next 50x candidate and join the Kelexo (KLXO) presale today.
Find out more about the Kelexo (KLXO) presale by visiting the website here
Discover the top cryptocurrencies with 100x growth potential before 2024. Learn..
Kraken Exchange has hit a major roadblock in Australia after a..
Payment giant Block Inc has beaten Coinbase in total market capitalization..
Stay ahead in crypto with AltcoinDaily.co! Get the latest news, expert analysis, and blockchain insights. Your trusted source for all things cryptocurrency. 🚀💰
Join Now