This new month has ignited a wave of market correction for many tokens in the cryptocurrency market. Most have already seen waning investor interest and some have registered a downturn in price. In this article, we delve into the markets of Solana (SOL) and Ripple (XRP) scrutinizing the behavior of its investors amidst these market conditions.
However, our major focus is on the movement of big investments into the presale of Kelexo (KLXO), a decentralized peer-to-peer (P2P) lending protocol positioned to disrupt decentralized finance (DeFi).
Troubling times for Solana (SOL) after 7X growth
Solana (SOL) impressed investors last month with its performance in the rally pushing it to a 7X increase over the year. It went as far as setting a new all-time high last month making analysts talk of its potential to cross its all-time high this year.
While it has still registered a positive increase over the week, rising 13% from $130 to $147, its trading volume trend shows signs of troubling times to come as it has fallen 21% in the past day. Investors are aware of these developments and some of them are looking to Kelexo (KLXO) as a means to weather the storm.
Ripple (XRP) also registers trading volume downturn
Ripple (XRP) has not been spared from the downtrend. It has risen in price by 4.5% in the past week but has also registered a trading volume downturn of 10%.
This is pushing Ripple (XRP) investors to move investments and rally profits into the Kelexo (KLXO) presale. Notably, we’ve seen some investors allocate as much as 20% of their portfolio into the presale as they take advantage of its current cheap price to maximize their returns.
Kelexo (KLXO) attracts investors because of its unique approach to lending
Kelexo (KLXO) is attracting investors because of its unique approach to lending. It is doing this with its revolutionary peer-to-peer (P2P) lending protocol. This approach is the first of its kind in the blockchain space and it’s no wonder that investors are pushing big money into its presale.
The presale is at its second stage and priced at only $0.04. Investors who want to maximize their returns should buy it now rather than on the open market at the time of listing. As if the significant returns promised by the platform are not enough, there are still many wonderful benefits for investors. Some of these benefits include revenue sharing and the power to influence the direction of the platform through unique voting rights.
With no KYC measures, lower fees, lack of bureaucracy and heavy compliance measures, Kelexo (KLXO) attracts millions of individuals and businesses who have been isolated by traditional lending platforms. The platform is surely positioned to shape the future of lending.
While Solana (SOL) and Ripple (XRP) may surely recover in the coming weeks and set new highs, we believe it is more beneficial for investors to enter early into opportunities like Kelexo (KLXO).
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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