The global crypto market went on a downswing, recording a 24-hour dip of 2.32% to $1.56 Billion. Almost $36 Billion was wiped off, sending token prices into a flash crash. Toncoin (TON) and Polkadot (DOT) remarkably held up relatively well despite the brief downturn, recording gains in the past 24 hours since. However, these big-caps are losing ground to projects like the newly-launched decentralized lending marketplace Kelexo (KLXO), whose highly-anticipated presale launched at stage 1. Here’s why Toncoin (TON) and Polkadot (DOT) holders are taking up early positions in the KLXO presale.
Toncoin (TON) Up 4%
Toncoin (TON), the token used for network operations, transactions, games or collectibles built on The Open Network, recently celebrated a milestone by integrating RedStone oracles in its blockchain ecosystem. The move is in line with Toncoin’s (TON) push into the DeFi sector. The move will introduce real-time price feeds into its dapp ecosystem. Toncoin (TON) was changing hands between $2.10 to $2.20 over the past week, avoiding a massive correction unlike other overbought tokens.
Polkadot (DOT) Lagging Behind in Dev Activity
Blockchain research firm Santimen reported that Polkadot (DOT) has been lagging behind Cardano (ADA) in development activity, losing its spot as the leading project in public GitHub repositories. This metric indicates the commitment with which developers deliver new features on a network. Polkadot (DOT) has been on a bearish streak, trading at a -29% loss in the past 30 days. However, Polkadot (DOT) is up 7% in the past 24 hours, trading at $6.50 in the last trading session after falling all the way to $6 earlier in the day. The resurgence indicated that prospective investors “bought the dip.” This could be a bullish indicator moving forward.
Kelexo (KLXO) Presale Hits 4,000+ Registrants as of Stage 1
Kelexo (KLXO) is a newly-launched DeFi protocol enabling users to lend and borrow money directly from each other. It’s still in the early stages of its development, but it’s already attracting a lot of attention. With 4,000 registrants 72 hours into its stage 1 presale, Kelexo (KLXO) has the potential to be one of the best-performing cryptos of the year. With the P2P lending set to grow into a $200 Billion industry in 2024, Kelexo (KLXO) could be on the verge of parabolic growth. Moreover, Kelexo (KLXO) expects to play a major role in the resurgence of decentralized finance (DeFi) with its decentralized loan marketplace reviving interest in the sector.
Kelexo (KXLO) is also offering its tokens at a very low price, just $0.022 each. This means that there’s a lot of potential for growth. Market analysts predict Kelexo could surge to the $1 to a 50x to 100x gain, in the event of a bull run. For this reason, Kelexo (KLXO) offers one of the most intriguing and potentially lucrative presale investments early on this year.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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