USD Coin (USDC) investors buy into Kelexo (KLXO) lending platform while Avalanche (AVAX) market wobbles

February 18, 2024

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Innovations are what keep investors excited in the crypto ecosystem. For every value driven protocol that finds its way to the market, investors are ready to put their money behind it. This is why it is no surprise that investors in USD Coin (USDC) and Avalanche (AVAX) are buying into the Kelexo (KLXO) protocol. Kelexo (KLXO) is a yet to launch platform for lending cryptocurrency. Currently running its premarket entry activities, its native token Kelexo (KLXO) is at its presale and has recorded a sound success in the last couple of days. Kelexo (KLXO) benefits are the magnet driving all the market pulls.

Avalanche (AVAX) keeps investors worried

In the last seven days, Avalanche (AVAX) has gained 4.03% in market value. Now selling at $40.21 per token, Avalanche (AVAX) is trading below its expected mid February value. Projected to hit the $50 mark by the end of Q1, Avalanche’s (AVAX) market outlook doesn’t look impressive. As of writing, Avalanche (AVAX) has dropped 30.16% of its trading value over the last few days. This has dropped Avalanche’s (AVAX) total market value to $14 billion. The market outlook indicates Avalanche (AVAX) inventors are worried about token activities.

USD Coin (USDC) hits $28 billion in market cap

The stablecoin USD Coin (USDC) pegged to the U.S. dollar is one of the ways fiat currency could be turned into digital currency. Launched in 2028, the USD Coin (USDC) was launched with a limited number of. This was done to test the grounds and weigh the level of acceptance of USD Coin (USDC). As of writing, there are over 28 billion USD Coin (USDC) tokens in circulation, with a total value of $28 billion. The USD Coin (USDC) is ranked #7 by market capitalization and trades $5.58 billion worth of tokens daily in the crypto market, as seen on CoinMarketCap.

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Kelexo (KLXO) benefits cannot be overlooked

Kelexo (KLXO) is guaranteed to make huge revenue in the crypto market as a first of its kind. By ending excessive interest taking and making crypto loans expensive for the average token trader, Kelexo (KLXO) has provided ease for many crypto communities. People can get loans quickly to fund their businesses, projects, or protocol launches. Kelexo (KLXO), a Web3 protocol, will perform transactions faster and more securely. As a decentralized protocol, it will also charge one of the lowest transaction fees in the market. With this much promised ease, it is not surprising that the protocol has had an impressive buy in.

The Kelexo (KLXO) token is now selling for just $0.028. Now in stage two of its presale, Kelexo (KLXO) is looking to sell out its pool of tokens before market entry. For all those buying into Kelexo (KLXO), the protocol has promised to reward them for as long as they hold their token. With incentives such as account management, special offers and so on, early Kelexo (KLXO) users are bound to receive bountiful rewards from the protocol. One key thing to note about Kelexo (KLXO) is that the platform will give all its governance rights to its token holders. As a smart investor.

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