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Ethereum (ETH) remains the largest Layer-1 smart contract platform by market capitalization, but it is fast losing ground to newer, faster and more affordable contenders like Solana (SOL). However, growth investors aren’t looking at Ethereum or Solana for exponential gains in the next bullish cycle. Instead, it’s the undervalued low-caps and presale opportunities that will always bring in the mythical gains. In 2024, the newly-launched DeFi protocol Kelexo (KLXO) is expected to turn in a 30x gain and Solana (SOL) and Ethereum (ETH) holders are taking early positions in its presale. Here’s why.
Ethereum (ETH) Breaching Bullish Territory With $3000 In Sight
Ethereum (ETH) has gone on a run from $2,500 to $2,800 as of February 16th, until cooling off as of this writing at $2,777 as at press time. ETH is demonstrating price action that could indicate a reduction in short-term volatility and reinforcing Ethereum price bullishness. Ethereum (ETH) recorded a Money Flow Index (MFI) above 50 which is generally considered bullish despite indicating a slight decrease in buy-side pressure.
Solana (SOL) Retraces 4.6% in the Past 24 Hours
Solana surged from a monthly low of $94, peaking at $118 last week. Despite Solana (SOL) declining by 4.6% in the past 24 hours as it last changed hands at $108.73, the token is still up 8% since last week. Solana (SOL) dropped below resistance at $110, but its Relative Strength Index indicates growing investor interest that could easily propel it past the level. SOL has bounced back nicely after dropping to monthly lows early in February after a 5-hour outage and it looks like it has put the bad press behind it.
Kelexo (KLXO) Presale Heating Up As Presale Approaches
KLXO, a new decentralized peer-to-peer lending marketplace, is finding itself among the hottest presale investment opportunities of 2024. Kelexo’s (KLXO) unique value proposition can transform DeFi financing, as shown by its successful presale launch. Before Kelexo, decentralized P2P lending protocols like AAVE and Compound already existed, but their steep learning curves haven’t exactly made them mainstream. KLXO is the only P2P lending protocol that simplifies the decentralized process in an intuitive way that everyone knows. Kelexo enables crypto lending and borrowing is as easy as purchasing on your favorite online marketplace. This potential for mass adoption is what makes it a potential “moon candidate” in 2024.
Best of all, Kelexo (KLXO) token holders will be able to receive passive income from the revenues that the Kelexo marketplace generates. Industry observers predict Kelexo could trade around $0.50 to $1 by the time the next bull run comes around, equating to a 25x to a 50x gain from its token’s launch prices of $0.028. It’s easy to see why Solana and Ethereum investors are reallocating some of their gains towards the Kelexo presale. it’s too good to skip!
Find out more about the Kelexo (KLXO) presale by visiting the website here
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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