BNB (BNB) and Solana (SOL) are locked in a battle for #4 in the top 10 list of largest cryptocurrencies by market capitalization. BNB (BNB) holds a slight lead over Solana (SOL), with a $53 billion market cap compared to Solana’s (SOL) $50 billion market cap as of February 15th. However, Solana (SOL) has managed to overtake (BNB) in the past 48 hours of trading until BNB (BNB) ultimately reclaimed the #4 spot.
But for investors looking for gains, the money is in the small-cap gems that could easily turn in a 20x. In 2024, a newly-launched DeFi protocol in its presale phase called Kelexo (KLXO) looks set to take over the DeFi scene and do just that. Here’s why.
Solana (SOL) Price Analysis
The bullish momentum for Solana (SOL) remained strong as traders successfully defended the previous breakout level of $107 during the past 24 hours of trading. As of February 15th, Solana (SOL) was observed trading at $117, precisely at the minor resistance level which is anticipated to be surpassed by Solana (SOL) in the near term. Upon breaching this minor resistance level, it is expected to pave the way for the bulls to retest the heavy resistance zone around $127.
However, should Solana (SOL) bulls manage to push the price even higher to $135, there is a possibility of encountering a bull trap scenario. This could potentially trigger a significant sell-off, driving the price downwards towards the strong support levels situated at $80. As such, careful monitoring of these key resistance and support levels is advised to navigate potential market movements effectively.
BNB (BNB) Price Analysis
Speculators of BNB (BNB) eagerly took advantage of the dip in price, which dropped to $314 on February 12th, showcasing a strong interest in the native token of the Binance ecosystem whenever it experiences a decline. This strategic move seems to have paid off handsomely for BNB (BNB) bulls, as the token is currently trading at $345 as of February 15th, marking a notable 4% increase over the past 24 hours of trading.
Furthermore, BNB (BNB) has successfully breached the heavy resistance level at $338, thereby clearing the path for a significant opportunity to aim for the coveted $400 milestone. With this breakthrough, BNB (BNB) holders and traders are now eyeing further potential gains as the bullish momentum continues to strengthen.
Kelexo (KLXO) Looking Like Good Value for 20x Run in 2024
Market analysts are buzzing about Kelexo (KLXO) having a big year. As shown by the traction its native token KLXO has received in stage 1 of its presale, a 20x run is well within the realm of possibility in 2024.
Kelexo (KLXO) makes digital asset lending and borrowing at its absolute easiest—without KYC, intermediaries, high fees, or long processing times. Kelexo (KLXO) is building a strong and easy-to-use marketplace that lets lenders earn interest on their assets and borrowers to access credit fully-collateralized by crypto at the most competitive rates. Kelexo’s (KLXO) decentralization gives consumers full control over their funds without the hassle of intermediaries. The fact that Kelexo (KLXO) presale token buyers can earn passive income is just pure gravy for early adopters.
Audited smart contracts automate and secure all transactions on the Kelexo (KLXO) platform. A lifetime liquidity lock will be introduced on the platform, and team token allocations are locked for 500 days. All evidence points to Kelexo (KLXO) mooning in 2024 and beyond—join the KLXO presale today before it sells out.
Find out more about the Kelexo (KLXO) presale by visiting the website here
