Kelexo (KLXO) is only in stage 2 of its presale, but it has already shown some character by attracting Ethereum (ETH), Ripple (XRP), and Stellar (XLM) whales. Ripple (XRP) could be ripe for a bounce as it lags behind the majority of the top 100 cryptocurrencies. Ethereum has burnt nearly $200 million as the Dencum upgrade draws near, and Stellar is experiencing low volatility.
Are Ethereum, Ripple, Stellar and Kelexo the best cryptocurrencies to invest in?
Ethereum (ETH) Burns $200 Ahead of Dencum Upgrade
On-chain data indicates that Ethereum (ETH) worth $190 million was burned last week ahead of the Dencum upgrade. It is a crucial indicator of potential price gains for Ethereum due to the reduction in the altcoins’ circulating supply.
Ethereum (ETH) holders eagerly anticipate two catalysts to propel its price.
The first catalyst for Ethereum is the forthcoming Dencum upgrade scheduled for March 13th. The upgrade is expected to make the Ethereum (ETH) network more efficient.
Another potential catalyst is the approval of a spot Ethereum ETF by the U.S. SEC, which could bring further legitimacy and accessibility to Ethereum as an investment vehicle.
Ripple (XRP) Need to Play Catch-Up with Major Cryptos
Ripple (XRP) finds itself trailing behind its cryptocurrency counterparts in terms of performance as it trades well below its 2018 peak. That is despite Ripple (XRP) scoring a major legal win against the U.S. SEC in 2023.
The current valuation of Ripple (XRP) still lags some of the top 100 cryptocurrencies, prompting analysts to maintain optimism for the potential future, especially if its court case is settled in its favor.
Ripple (XRP) has only been up 3.6% in the past week, while most of the top 100 cryptocurrencies have recorded more significant gains. While analysts are optimistic that Ripple (XRP) has room for further gains, Kelexo (KLXO) is touted as one of the best cryptocurrencies to buy right now.
Stellar (XLM) Experiences Low Volatility
The crypto industry is known for its volatility, a key factor that has made it attractive to some traders. Amid a market upswing, Stellar (XLM) has remained muted, pointing to low volatility.
XLM ability to maintain a measured trajectory amid market uncertainties positions it as an intriguing asset for investors seeking stability. However, some investors would expect Stellar (XLM) to make significant moves while the market trends upward.
Stellar (XLM) is up 13% in the past week as its price changed from $0.1248 on March 1st to $0.1408 on March 7th. As Stellar (XLM) shows a lack of investors, some holders are buying Kelexo (KLXO) in anticipation of a 25x gain.
Analyst Predicts 25x Growth for Kelexo (KLXO)
A notable analyst is forecasting a substantial surge of 25x in growth for Kelexo, highlighting the significant potential for the cryptocurrency.
This prediction comes after examining the value proposition of Kelexo. Kelexo is a lending platform whose main features include accessibility, flexibility, and high liquidity.
As a DeFi platform aiming to offer its services to everyone, Kelexo has no KYC requirements for its users. The Kelexo (KLXO) has several utilities, including access to rewards, lower fees, and increased return on investment.
Investors can buy Kelexo for only $0.04 during its ongoing presale where analysts have predicted that it has a high potential for 25x gains.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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