Dogecoin and XRP are volatile, Kelexo crystallizing gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Traditional investment advisors often express concerns about their high volatility when investing in cryptocurrencies. XRP and Dogecoin (DOGE) often struggle with this, but investors can diversify portfolios with Kelexo (KLXO).

Dogecoin and XRP under pressure

Dogecoin has been falling in the past year. 

Meme coins, like Dogecoin, can be fun and trendy but hold no substance. 

You might also like: Whales move over 514m Dogecoin amid push to $0.1

Elon Musk’s support for DOGE pumped prices. He has been less vocal in recent days, reducing upswings.

Meanwhile, the U.S. SEC has introduced new rules and regulations whenever Ripple seems to win a case. 

Some think this is because XRP is a tool used to compete with banks.

Kelexo has plans for defi

Defi is a $56 billion industry with a degree of centralization. 

Protocols still dictate terms and conditions for lending and borrowing. 

You might also like: BONK hold er explores Kelexo presale; German authorities seize Bitcoin

Kelexo is a peer-to-peer borrowing and lending platform that eliminates this centralization by putting the terms of the deal in the hands of the parties involved. 

Investors are showing interest in the ongoing KLXO presale. At this presale phase, KLXO is trading for $0.048.

Conclusion:

Investors diversifying from XRP and Dogecoin can consider KLXO in the ongoing Kelexo presale.

Read more: Analyst backs Kelexo, Solana and Litecoin sliding