Why investors are rushing to buy into the new Kelexo (KLXO) presale as investors from Cardano (ADA) and Litecoin (LTC) buy in

Altcoin News

January 29, 2024

Altcoin News

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Cardano (ADA) has been on a slow and steady recovery, but recovering nonetheless. Meanwhile, Litecoin (LTC) has been on a poor run of results in the past week. This has caused holders of both tokens to explore new investment opportunities. Recently, holders of both tokens have been among the early investors in newly-launched decentralized finance protocol Kelexo (KLXO). Kelexo (KLXO) is building a new lending protocol which could be a major player in the resurgence of DeFi in 2024.

So-Called “Digital Silver”, Litecoin (LTC), On a Bearish Week

Litecoin (LTC), deemed by some sectors as the equivalent of digital silver, has been on a bad run of form in the past 7 days. Litecoin (LTC) was trading around the $64 to $73 range in the past week, according to statistics from CoinMarketCap. Weekly and monthly charts show that Litecoin (LTC) saw declines of 7.6% and 9%, respectively. Litecoin (LTC) was changing hands at $67.56 as of press time. Litecoin (LTC) is down 83.5% from its May 2021 all-time high of $410.26.

Cardano (ADA) On the Mend?

Cardano (ADA) is showing signs of a gradual comeback, registering three consecutive days of gains, amounting to a 6% increase over the weekend. Trading at $0.4888, Cardano (ADA) has seen a 1.6% uptick in the last 24 hours, according to data from crypto aggregator CoinGecko. However, zooming out, Cardano (ADA) is still down from December 2023 highs of $0.677. This reflects the massive correction ADA has taken over the past 30 days, currently at a 18% loss.

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Kelexo (KLXO) Elevating DeFi P2P Lending with Presale Launch

Decentralized finance (DeFi) lending protocol Kelexo (KLXO) just recently launched its presale amid widespread intrigue. The P2P lending platform’s presale is on the rise with 4,000+ registrants thus far in the earliest stages of its launch. Market analysts believe Kelexo (KLXO) could play a major role in a massive comeback for DeFi in 2024. With the Bitcoin halving just around the corner and the promise of a bull market to follow in 2025, DeFi is expected to bring in hundreds of billions in capital. Kelexo’s (KLXO) decentralized lending marketplace could be a major on-ramp for new DeFi users looking to take advantage of crypto loan facilities on the Kelexo (KLXO) marketplace.

The marketplace brings lenders and borrowers under one marketplace. Crypto holders can issue loans backed by their holdings to borrowers, while all terms and conditions will be enforced through smart contracts to ensure compliance. All of this and more—without the drawbacks of endless KYC processes and wait times. At Kelexo (KLXO), issuing loans and availing credit is as simple as a few clicks.

The presale offers prospective investors the best possible entry point into a DeFi protocol with serious legs to run in 2024. Market analysts believe Kelexo(KLXO) could surge from a launch price of $0.022 to trade around the $1 to $2 range should a full-blown bull market arrive in 2025. Kelexo (KLXO) is on the verge of a major breakout and the presale offers the lowest potential entry point for investors who want to make better gains in 2024.