Dogecoin (DOGE) and Cardano (ADA) both breached all-time highs in the last post-Bitcoin halving bull run in 2021. However, in February 2024, Dogecoin (DOGE) is continuing to bleed out holders and value, while Cardano (ADA) is just recently showing signs of life after being in an extended bearish trend for most of January. But the action is moving away from big-cap coins like Dogecoin (DOGE) and Cardano (ADA) with their multibillion-dollar market caps, which limit their growth potential. Instead, the smart money is going into Kelexo (KLXO), a DeFi protocol that market analysts predict could turn in a 25x performance in 2024.
Is Cardano (ADA) FINALLY Showing Signs of Life?
Over the past few years, there has been a growing discontent among Cardano (ADA) holders regarding the financial performance of the cryptocurrency. However, things might be changing for Cardano (ADA) as the total cryptocurrency market surges from a $1.6 trillion market cap to a almost $2 trillion market cap as of this writing. As of February 12th, Cardano (ADA) was trading at $0.56, indicating a 4% increase in the past 24 hours and a 14% gain in the past week.
Dogecoin (DOGE) Going the Wrong Way in 2024
In the past year, there has been a noticeable decline in the number of Dogecoin (DOGE) millionaires. On-chain data indicates that there has been a significant decrease in the number of addresses holding over $1 million in Dogecoin (DOGE). In November 2022, there were 1,046 such addresses, but as of November 16, that number has dropped to 633. This indicates objective proof that Dogecoin (DOGE) whales are cashing out in favor of better-performing assets in 2024. The price of Dogecoin (DOGE) has experienced a significant decline, dropping nearly 50% since November 2022, now hovering around $0.08 as of February 2024. The current downward trend coincides with a widespread decline in enthusiasm for meme coins.
Kelexo (KLXO) Set to Surge in 2024
DeFi is one of this cycle’s comeback stories and one protocol set to benefit from this renaissance is revolutionary P2P lending marketplace protocol Kelexo (KLXO). Its novel approach to P2P lending has industry observers buzzing about its potential to turn in a massive ROI for Kelexo’s (KLXO) presale investors.
Kelexo (KLXO) is the only P2P lending solution that connects buyers and sellers under one marketplace—and it streamlines the entire process as easy as listing an item on eBay or buying an item from Amazon. Borrowers can shop for the best loan whose terms work for them, while lenders can easily list loans as they were listing items to sell on eBay. Kelexo (KLXO) sets itself apart by its intuitive, robust marketplace platform, not to mention the complete absence of intermediaries to make the process convenient. Lenders can earn passive income and borrowers can access loans anytime, anyplace, anywhere. Kelexo (KLXO) achieves all of this utility through its fully-audited smart contracts.
5000+ new registrants have joined since February, indicating serious buy-side demand for Kelexo’s (KLXO) native token —especially since its stage 1 prices are at an amazingly low $0.022. With a 25x forecast, Kelexo (KLXO) could trade around the $0.50 range in 2024. Sounds like a good deal? It is—join the Kelexo (KLXO) presale today.
Find out more about the Kelexo (KLXO) presale by visiting the website here
The post Huge Statement: Expert says Kelexo (KLXO) lending platform will hit 25x in months as Dogecoin (DOGE) & Cardano (ADA) investors continue to buy in appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.
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