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As the market cools down in preparation for the next leg, savvy investors of Shiba Inu (SHIB) and Celestia (TIA) are scooping Kelexo (KLXO) tokens for cheap during its ongoing presale. Celestia (TIA) investors are still digesting the staking announcement by Kucoin while Shiba Inu (SHIB) continues to count on being a meme coin to attract more investors.
Why are Shiba Inu (SHIB) and Celestia (TIA) investors seeing increased value in the Kelexo (KLXO) presale?
Shiba Inu (SHIB) Remains a Popular Meme coin
Shiba Inu (SHIB) remains one of the most popular meme coins in the crypto world. This has caused Shiba Inu (SHIB) to become the eighteenth-largest cryptocurrency by market cap, offering investors a level of stability.
Despite this, Shiba Inu (SHIB) has failed to impress in the past month. Shiba Inu (SHIB) saw its price decline from$0.00001048 on January 11 to $0.000008863 in February, signaling a fall of 15.4% in less than a month.
Analysts maintain that Shiba Inu (SHIB) will become a permanent dish on the crypto market’s menu, but investors’ appetite for it will decrease. This makes it easy for crypto enthusiasts to look elsewhere.
KuCoin Announces Celestia (TIA) Staking
KuCoin, one of the largest centralized exchanges in the world, announced on February 5 that it will support Celestia (TIA) staking with an 11% annual percentage rate (APR). This is good news for the Celestia (TIA) community as holders can enjoy an annual 11% interest on their capital even if the market tumbles.
While staking is a huge development for the Celestia (TIA) community, it also means that some investors just buy and hold.
Celestia (TIA) has not yet reacted to the news. For starters, Celestia (TIA) is up only 0.98% as its price slightly increased from $17.37 on February 5 to $17.57 on February 7. While it is very clear that Celestia (TIA) remains a good crypto investment, analysts claim that Kelexo (KLXO) offers a path with a high return on investment (ROI).
Kelexo (KLXO) Presale Sign-Ups are on the Rise
Kelexo (KLXO), an innovative Web3 lending and borrowing platform that will utilize secure smart contracts on its platform, has witnessed more than 5,000 sign-ups in the early days of its ongoing presale.
The surging demand for Kelexo (KLXO) is apparent with a cursory research regarding this token.
Kelexo (KLXO) will be a Web3 lending platform that will offer its services to the people who need it the most by removing obstacles such as KYC. On the same note, Kelexo (KLXO) will serve people with poor credit history/scores or those who have missed their payments, making it a platform for everyone.
By aiming to revolutionize the aging banking processes, Kelexo (KLXO) will attract a wide user base and attach immense value to its brand, products, and tokens. Kelexo (KLXO) is allowing retail investors to invest early in a project with solid fundamentals.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
