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With current market activities, most lower-class tokens are preparing for a bullish price rally. This rally is coming after a long market dip starting in early January 2024. With the current breakthrough, there’s been a spike in the market value of some tokens and a revenue gain for their holders. Top-class tokens like Ethereum (ETH) and Solana (SOL) are also growing, with the rumor of Bitcoin (BTC) halving. As the Ethereum (ETH) token hits close to the $3.3K mark, Solana (SOL) trades above the $110 mark.
Ethereum (ETH) Hit the $3.3K Mark
As of writing this, Ethereum (ETH) is now selling above the $3.3K mark. The Ethereum (ETH) token has seen a 49.51% increase in market activity. This gain comes just after the announcement that the South African government plans to ease measures on cryptocurrency instead of Nigeria’s clampdown. Ethereum (ETH) holders also pull their weight behind the Kelexo protocol. With the token’s growth potential, Ethereum (ETH) savvy investors are using the protocol to diversify their protocol’s risk.
Solana (SOL) Ranks #5 in the Crypto Market by Capitalization
Officially launched in 2020, the Solana (SOL) token is now the 5th most potent token in the crypto market. Solana (SOL) gained about 11.6% market value in the last seven days. With this growth, the open-source protocol achieved an impressive 57.65% increase in market activity. In the last couple of days, the daily trading average of Solana (SOL) has been about $4.4B. Solana (SOL) is now the #6 highest trading crypto of 2024, with a total market capitalization of $50.3B.
Kelexo (KLXO)
The Kelexo (KLXO) token is now selling for $0.028. In stage two of its pre-market entry activity, Kelexo (KLXO) is now rumored to be the blue-chip token of 2024. One of the benefits of holding the Kelexo (KLXO) token is its governance ability on the Web3 platform. As holders of Kelexo, they can vote on changes and upgrades proposed for the KLXO protocol. They could also propose changes and have their ideas implemented on the platform.
With Kelexo (KLXO), revenue generation will be optimal. The platform has promised faster transactions with lower transaction fees. Removing third-party crypto loans will be as cheap as possible. Kelexo has also removed processes like documentation or knowing your customer (KYC). As these processes have been proven to slow down token-lending, KLXO has found a way to eliminate them.
As all investors know, getting projects like this early is where the investment risk is minimal. To keep investors at rest, the owners of Kelexo have locked the protocol’s liquidity for life. They have also placed a 1,000-day token lock in place. It gives investors enough time to pull out their funds if they wish.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
