With the increase of opportunities within the world of digital money, there are new trends that grow and one cannot help but pay close attention to them as an investor. Some of the solid gains seen of late have been Shiba Inu (SHIB), Solana (SOL) and Litecoin (LTC), all sparking excitement and speculative opportunities.
And new ones are increasingly noticed like Kelexo (KLXO). This project actually has all the chances to make a big entrance into the online lending space and that’s even more likely with Decentralized Finance. We delve into that further and another interesting activity happening in the burgeoning field of DeFi within the cryptocurrency world.
Shiba Inu (SHIB): Riding High Amidst Growing Investor Confidence
One of the on-chain indicators that measure investor confidence and market sentiment is Shiba Inu (SHIB), a dog-themed cryptocurrency that rose 1,948% earlier in the year. The average holding period of the Shiba Inu (SHIB) transaction has largely increased on the 26th of February. Now, the average is that investors would tend to keep their coins for at least two years or more. It means a bullish sentiment is growing on Shiba Inu (SHIB) in the long term.
With the price constantly surging, it keeps market capitalization over 180% high and has set its price to more than $15.78 billion; Shiba Inu (SHIB) has really become one of the forces in the crypto market.
Solana (SOL): Record-Breaking Trading Volume Fuels Network Activity
Solana-based decentralized exchanges (DEXs) have seen historical volume heights, pushing over $11.19 billion in these seven days. This stands out for extraordinary performance, having had a 154% rise from the previous week in the most visible action that has managed to pull even decentralized exchanges up.
Two of the largest DEXes on the Solana (SOL) network, Orca and Raydium, have been key to this surge, both with more than double the trading volumes registered in the prior fortnight.
It also saw the native Solana (SOL) token of the network continue to gain significantly in value, rising by as much as 30% on the day to a new 22-month high.
Litecoin (LTC): Anticipation for Major Upgrade Builds
Set to be included with Litecoin (LTC) Core v0.21.3, Litecoin (LTC) is gearing up towards implementing Partially Signed Bitcoin Transactions (PSBTs) to make these transactions more efficient and, accordingly, safer for the end users. More of a big overhaul than a small upgrade, the latest release supposedly offers better transaction privacy and efficiency. While the debate raged about the impact of the upgrade on the community, Litecoin (LTC) has moved hardly at all in trading value, once more showing the strange dynamics of cryptocurrency markets.
However, this is an upgrade to be done, a major one at that is underlining Litecoin’s (LTC) commitment to the tendencies of this innovation and driving further for improvement, at the very least making the coin ready for any potential growth and adoption.
Kelexo (KLXO): Revolution in the World of Online Lending
And in this milieu comes Kelexo (KLXO) is representing a ‘genetic’ change in cryptocurrency where special emphasis is laid on online lending. Vision: To facilitate access, easy identification and compliance operations to a new, simple and time-efficient loan process. Its Stage 1 presale, with a token price of $0.028, makes Kelexo (KLXO) a very compelling investment opportunity for serious investors looking to be part of a project that is supposedly set for massive growth.
Promising significant returns, Kelexo (KLXO) will be one of the rare cryptos offering a particular advantage to investors who keep on evolving in the landscape of decentralized finance (DeFi).
Find out more about the Kelexo (KLXO) presale by visiting the website here.
