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Solana uses proof-of-history (PoH) to enhance scalability and usability on the Ethereum blockchain. Dogecoin (DOGE) was forked from Litecoin in 2013. While they are considered safe, some investors have been exploring Kelexo (KLXO).

Kelexo is a web3 lending protocol facilitating direct transactions between lenders and borrowers without security or scam risks. 

Its native token, KLXO, is available for $0.022 in the ongoing presale.

Solana is trending lower

Solana is trending lower in the last 24 hours, pushing its daily average trading volume down by 47.97%. 

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Analysts say SOL will break below $75 in a bear trend continuation formation.

Dogecoin losing support

After dropping by roughly 2% in the past week, Dogecoin’s market activity is up in the last 24 hours. 

Amid this, some expect the coin to fall. Accordingly, investors are looking for alternatives as they diversify.

The Kelexo train

Kelexo users don’t need to submit documents or passports or undergo KYC checks to access loans.

Lenders post loan offerings outlining applicable terms and conditions. 

Borrowers can then browse options and select loans from willing lenders. This peer-to-peer interaction occurs without third-party intermediation.

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KLXO serves as a governance mechanism over the lending ecosystem while potentially rewarding holders via planned staking rewards.

As Kelexo undergoes early-stage growth during its presale phase, proponents argue getting in early represents a unique opportunity. 

While popular coins like Dogecoin and Solana offer more established infrastructure, Kelexo’s decentralized finance (defi) premise aims to provide open and efficient loan access without the limitations of traditional systems.

Read more: Bitcoin vs. Ethereum: a comprehensive comparison

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