News has it that Ethereum (ETH) investors are looking to diversify their portfolio, thus, looking for new projects. This is traced to the most expected future volatility of Ethereum tokens from the global top lenders, Celsius. On the flip side, after recovering by $42,000 in the past three days, the BTC had a slight but unstable drop in price.
Kelexo (KLXO), a new project which is currently in its presale phase, is being recognized as one of the best cryptocurrency investments to make in 2024. At press time, Ethereum and Bitcoin investors are working to secure an early position in the DeFi lending protocol.
As a major bankrupt lender, Celsius is selling Ethereum worth over $1 billion on realizing it has transferred 459,561 units of ETH to other central exchanges. This move is seen to have the propensity to trigger an intensive selling activity on the Ethereum (ETH).
Bitcoin (BTC) Reduces in Momentum After Gaining $42,000
Following the downward market activity that saw the price of Bitcoin go down by below $39,000, the coin has been slow in recovery after the unfortunate dip. In recent weeks, it (the BTC) went up slightly to $42,000 after struggling for a while at $40,000 within 72 hours of trading.
The BTC has cooled off ever since, trading at $41,976 after going by 0.7% in the last 24 hours. However, stage 1 of Kelexo’s presale was reported to have attracted more than 4,000 potential investors. This achievement automatically made the token the best investment destination in 2024.
It was learned that Kelexo (KLXO) is working on developing a Peer-to-Peer (P2P) lending platform for Decentralized Finance (DeFi), which is slated to debut at a subsidized initial price of $0.022.
Analysis by CryptoDaily predicted that the price of Kelexo will likely rise in the cause of the scheduled seven-stage presale. This is expected to allow investors to profit well after Kelexo’s (KLXO) official launch.
Early Investors Advised to Take early positions in Kelexo (KLXO)
Kelexo (KLXO) has ensured its presale launch will succeed. To ensure the loan marketplace’s smooth operation and continued expansion, the development team has put a lifetime liquidity lock on it in addition to a 500-day restriction on token team allocations.
Early prospective investors are encouraged to take action on Kelexo (KLXO) positions at the best potential entry price because KLXO tokens are available at a considerable discount. Early investors are also advised to act fast, as market analysts predict Kelexo (KLXO) may easily post a 1,900% growth ahead of the next bull run.
It was also gathered that Ethereum’s outflow may harm Ethereum (ETH) prices; the $2,000 support level should be carefully watched. Ethereum (ETH) could plunge to the next significant support level of $1,800 if it breaks below this crucial technical and psychological support level.
Ethereum on Fire Ranks the Best Cryptocurrency Assets to Invest
Ethereum has continued to take the second position as the world’s second most-performing cryptocurrency asset , with a market capitalization of $272.81 billion. Ethereum has recorded the most noticeable price fluctuations for the past four weeks, accompanied by increased price volatility.
As of press time, the price of Ethereum has dropped by 5.84% in the past seven days, totaling its price to $2,262. Meanwhile, the current data of most on-chain indications, coupled with the growing sentiment, discloses a possible return and price increase. From the available indices, Ethereum will likely return in a bullish style. Kelexo has, on the other hand, succeeded in the latest audit and has launched a presale.
Prospective investors are advised to enter the market and become part of the project since the token is doing well at $0.048. As of press time, Kelexo has already had a reasonable number of people sign up after a concise term. From the look of things, the token is set to continue attracting more potential investors.
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