With Bitcoin (BTC) Above $66,600, Kelexo (KLXO) Lending Platform At $0.055 per Share Gains Interest from TRON (TRX) & Cardano (ADA) Advocates

May 03, 2024

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With Bitcoin (BTC) holding above $66,600, TRON (TRX) has been resilient against fluctuating markets and its price maintains an uptrend. At the same time, Cardano (ADA) is rebounding almost 30% after the biggest sell-off, with on-chain metrics suggesting a likely continuation of an uptrend on strong buying interest.

Amid these developments, Kelexo (KLXO) has entered the market with a blockchain-based lending platform that prices its tokens at $0.055 in the second presale stage. This next-gen DeFi lending protocol offers decentralized finance solutions that enable users to easily lend at low fees while ensuring transparent transactions, which are essential to persons seeking new yet safe ways of investing in cryptocurrencies.

TRON (TRX) Exhibits Resilience Amid Market Fluctuations

TRON (TRX) has been resilient, pushing on a northward trajectory even in a wavering market. The token is trading around $0.1108. Over the last 24 hours, it has lost 3.57% in value but is still taking a stand with undeterred steadiness against sell-offs. Notably, with TRON (TRX) trading below both the 50- and 200-day Exponential Moving Averages, it is currently pointing to price trends that are devoid of support.

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From another standpoint, the Relative Strength Index is at 41.01 and is giving a warning to market players since it might go lower. The supported level for the token is now set at $0.1044 and resistance is at $0.1191. These are key points for any movements that will follow in its subsequent price action.

Cardano (ADA) Rebounds with Promising On-chain Data

Cardano (ADA) has seen a rise in value by almost 30% to $0.50 following the Bitcoin (BTC) halving event and a brutal drop to $0.40 in the middle of April. This seemed like an ascend aligned with increased buying pressures across other major cryptocurrencies like Solana and Ethereum.

The on-chain data for Cardano (ADA) is now showing a bullish signal, with demand beginning to outweigh the sell orders by 30 million. So, in this sense, the supply-demand discrepancy could push the price toward the $0.65 level as buyers go into a bidding war. The Cardano (ADA) market is now set for a potential breakout above the $0.50 mark, targeting higher resistance levels.

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Kelexo (KLXO) Blockchain Lending Platform Draws Interest

Kelexo (KLXO) is a blockchain-enabled online lending platform that connects lenders directly to borrowers while cutting out all middlemen, allowing for easy and simple loan transactions. Such a setup reduces the usual hassles of authorization and processing delays. Kelexo (KLXO) makes everything hassle-free with Web3 technology, where no KYC checks are needed, instant loan listings and payouts are offered with lower transaction fees and transaction transparency is a priority.

The project emphasizes the platform’s security and transparency, considering every transaction is posted on the blockchain. As the Kelexo (KLXO) model is decentralized, token holders can present proposals for governance and platform betterment. The platform’s rewards program offers additional motivation for community members’ active involvement. The project now has promising chances at the second presale stage, where Kelexo (KLXO) is valued at $0.055 per token.

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