Altcoins faced substantial corrections across the board in the past 24 hours, including Solana (SOL) and Dogecoin (DOGE). The flash crash underlined the importance of proper diversification, with one opportunity drawing 2,500 registrants barely 48 hours into its launch. Market analysts believe that decentralized lending protocol Kelexo (KLXO) could be one of the best investment opportunities of the year. Here’s why:
Solana (SOL) Falls Below $80
Solana (SOL) has taken a harsh 21% correction over the past 30 days after reaching 2023 highs of $126 last December 25th. As of this writing, Solana (SOL) changed hands at $79, losing 9% over the past 24 hours. Solana (SOL) RSI was at 24.08, signifying that the market correction poses an ideal opportunity to accumulate more Solana (SOL) tokens.
Dogecoin (DOGE) Takes a Dip
Dogecoin (DOGE) fell by 5.42% in the past 24 hours after rumors circulated about social platform X integrating it as one its payment methods pushed prices to $0.089. Dogecoin (DOGE) currently trades at $0.076 as it continues its bearish trend over the past month. According to data from CoinGecko, Dogecoin (DOGE) was trading at a -19% loss over the past month, indicating a torrid time for Dogecoin (DOGE) holders who have been sorely disappointed with the token’s year-on-year price action.
Kelexo (KLXO) Presale Event Receives 2,500+ Investors in Two Days
The market-wide flash crash presents an ideal opportunity for Ethereum (ETH) and Solana (SOL) holders to diversify into projects with a higher price ceiling. One of those is decentralized lending marketplace protocol Kelexo (KLXO), whose stage 1 presale launch has drawn 2,500+ investors within 48 hours. One of the catalysts for the spike in interest is the massive discounts on Kelexo (KLXO) tokens during the presale, where initial launch price was set at $0.022. Market analysts believe Kelexo (KLXO) could comfortably go on a 50x run and trade at $1 by the end of 2024 because of its unique value proposition.
Kelexo (KLXO) is building a decentralized lending marketplace that fosters financial inclusion and democratizes access to credit lines which could play a major role in onboarding new Web3 users in 2024.
Kelexo (KLXO) enables users to offer crypto loans on their holdings, allowing them to earn passive income on interest rates. Likewise, it allows borrowers to leverage fully-collateralized credit facilities and give them access to 24/7 credit at the drop of a hat. The Kelexo (KLXO) marketplace is entirely automated using smart contracts and the process of offering and availing of crypto loans is as fast as 2 minutes. The Kelexo (KLXO) presale offers prospective investors to tap into the $200 billion peer-to-peer lending industry, a sector Kelexo (KLXO) is expected to dominate ahead of the next bull market.
Find out more about the Kelexo (KLXO) presale by visiting the website here
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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