Dogecoin (DOGE) and Cardano (ADA) haven’t been at the races to start the new year. For one, legacy meme coins like Dogecoin (DOGE) are falling out of fashion seeing as they have already peaked, while Cardano (ADA) has already pumped during the last bull market. Investors are looking for a new sensation, and one of the best newcomers is the recently launched decentralized lending marketplace Kelexo (KLXO).
Cardano (ADA) Whale Activity Surges, but Prices Remain the Same
On-chain analytics outfit IntoTheBlock reported an uptick in Cardano (ADA) whale activity in recent months, with the Cardano (ADA) blockchain purportedly averaging as much as $13 billion in daily whale transactions. However, this hasn’t exactly translated into an uptick in price, with ADA prices crabbing between $0.49 to $0.51. In the past month alone, Cardano prices are down by 18%, according to CoinGecko.
Can Dogecoin (DOGE) Price Action Break Past $0.10?
Dogecoin (DOGE) prices were trading at $0.08, or a 13% correction on a 30-day basis. Dogecoin (DOGE) was one of the worst-performing large-caps over the past year, but DOGE holders remain solidly behind the OG meme coin. This was evidenced by the rising number of Dogecoin (DOGE) holders, increasing from 5.71 million to 5.76 million holders. Might this foreshadow Dogecoin breaking past $0.10 in the coming weeks? Only time will tell.
Kelexo (KLXO) Gears Up for Stage 1 of its Much-Awaited Presale
Kelexo (KLXO) has gone live with stage 1 of its presale launch—and the decentralized lending protocol could not have timed its launch better. With the Bitcoin halving countdown drawing closer to April, market analysts are bullish about the future prospects of KLXO, with some believing it could surpass Cardano (ADA) and Dogecoin (DOGE) in terms of potential ROI in 2024.
Kelexo solves a long-standing problem in the lending industry by empowering lenders and borrowers to converge and transact 24/7, 365 days a year. Borrowers will be able to avail of credit through crypto loans, while lenders will be able to grow passive income through providing loan facilities with their holdings—all without the pervasive intermediation rife in the P2P lending industry as it exists today. Loans will be fully backed by crypto reserves, while agreements will be bound by smart contract logic.
Intermediaries, KYC checks, and excruciating approval processes were yesterday. Kelexo enables access to credit lines anytime, anywhere, and on demand.
As Kelexo (KLXO) goes live with its much-awaited launch, the presale is currently in Stage 1, with tokens available at a discounted rate of $0.022. With a total token supply of 440 million, team token allocations locked for 500 days, and a lifetime platform liquidity lock, analysts believe it can go on a 900% increase once the token lists and launches on major exchanges in 2024—perfectly timed for an even greater increase during the bull market.
Find out more about the Kelexo presale by visiting the website here
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