Whenever the undisputed king of cryptocurrencies moves, waves will be made. That’s precisely what happened when Bitcoin (BTC) surpassed $51,000 last February 14th, triggering a rally that propelled altcoins like Avalanche (AVAX). Tether (USDT), meanwhile, is celebrating major milestones as the world’s largest stablecoin by market capitalization. A good number of Avalanche (AVAX) holders are rotating their profits into one of the most highly-anticipated presale launches in DeFi this year in Kelexo (KLXO), as are stablecoin holders. Here’s why.
Avalanche (AVAX) Faces Selling at $42
Avalanche (AVAX) breached the $42 mark last February 14th, but on-chain data shows that traders are selling at that range. Currently, Avalanche (AVAX) trades at $41.86, but luckily, the bulls are overcoming the bears, which may bode well for token prices in the coming days. Should Avalanche (AVAX) break past $42 and sustain its momentum toward higher price levels, token prices could hit $50 by the end of the month.
Tether (USDT) Surpasses Goldman Sachs in Q4 Profit
Tether (USDT) was reported to have generated over $2.9 billion in profits in the last Q4 2023, surpassing that of global investment banking firm Goldman Sachs, which recorded $2 billion within the same time frame. The primary reason for this financial result is mainly attributed to the surge in the crypto market, driven by the speculation around the spot Bitcoin ETF between October and December 2023. Bitcoin experienced a significant price surge over this timeframe, rising from $27,000 to $42,000.
Kelexo (KLXO) Ushering New Era in P2P Lending
The DeFi ecosystem and technology have experienced significant growth, leading to a major paradigm shift. After the tumultuous fallout of crypto winter in 2022, DeFi is coming back in 2024 and in a big way. Last December 2023, the DeFi market was worth $40 billion in TVL. Fast forward to February 2023, the market has grown to $70 billion, representing almost a 2x growth within two months.
As 2024 moves along with bullish sentiment, one newly-launched DeFi protocol is expected to turn in at least a 25x from its presale launch prices: Kelexo (KLXO). Kelexo is building the first decentralized P2P lending marketplace that simplifies all the complexities surrounding DeFi lending by connecting borrowers and lenders under one easy-to-use marketplace. Kelexo aims to make Web3 credit accessible to all individuals without needing KYC, credit investigations, intermediaries, or lengthy processing periods. KLXO smart contracts give unparalleled transparency through their audited, secure, and automated code, which includes all terms and conditions. KLXO’s decentralization promotes the inclusion of a wide range of individuals in the financial system while prioritizing its users’ privacy and security.
Kelexo is launching its KLXO token at a meager introductory price of $0.022. However, interested registrants must act fast before stage 1 sells out and progresses to stage 2. Token prices are set to increase in every succeeding stage, the best time to join the Kelexo (KLXO) presale today is now.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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