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Kelexo (KLXO), a new defi project is emerging as an attractive lending platform, drawing the attention of Dai (DAI) and Internet Computer (ICP) investors.
Changing trends are a big part of trading and cryptocurrency trading is not an exemption. Investors have always moved with the tides to keep their heads above water. Good investors take advantage of changing trends to search out means to better their positions and ward off risks in the event of a market crash
In our analysis, we observe the performance of two tokens, Dai and Internet Computer.
Slow and steady for DAI
Dai remains a go-to token for investors, given that it is pegged to the US Dollar. As of the time of writing, 1 Dai is at par with 1 USD. Little to no changes can be observed from its performance over 30 days, as only a slight 0.01% adjustment was recorded.
Dai’s stability provides security for investors, but much is left to be desired in terms of growth. The token’s only utility appears to be a sanctuary for the often volatile market. Investors could certainly do much better than Dai.
Highs and lows for Internet Computer (ICP)
Unlike Dai, the Internet Computer token demonstrates turbulence. In the last 30 days, it has been uphill and downhill again for Internet Computer, peaking at $16.30 and crashing to $11. At the time of writing, Internet Computer is at $12.80, trading 18% worse than a week ago. A 30-day average of $13.5 is indicative of a future positive trend, but there are no promises.
Nevertheless, the Internet Computer cryptocurrency is doing well despite changes in the market. It’s staying strong even when prices fluctuate. This indicates investor confidence, which could lead to it reaching $16 or more, but investors should be wary of fake movements and market pressure. While signs remain good, investors have to be extra cautious given the increased volatility in the market.
Promising lending strategy
Kelexo is a decentralized Web3 marketplace facilitating direct interaction between loan lenders and borrowers. It eliminates the need for intermediaries, enabling users to list loans and engage in transactions without delays. With instant payouts and lower transaction fees than traditional platforms, Kelexo offers a seamless and cost-effective lending experience.
Kelexo presents opportunities for borrowers and investors alike. For borrowers, Kelexo presents the opportunity to access needed funds directly from a lender, without unreasonable transaction costs, cumbersome procedures, and lower interest rates.
Kelexo token has the potential of hitting 10x of its current presale value of $0.05. The presale is at stage two. Expectedly, payments are based on holdings, so bigger investments equal bigger ROI.
Inevitably, DAI and Internet Computer investors may ape in on Kelexo to benefit from this lending strategy.
To learn more about this project, visit the Kelexo website
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