The entire crypto market went into a tailspin as its collective market capitalization fell below $1.6 billion from $1.76 billion in the past 48 hours. That’s over $100 billion in value wiped out, decimating Solana (SOL) and Tron (TRX) gains over the past week. The wipeout has drawn more investors towards the newly-launched decentralized lending protocol Kelexo’s (KLXO) presale, which market analysts believe could be one of the best presale opportunities 2024 has to offer. Here’s why Solana (SOL) and Tron (TRX) investors are quietly lining up for stage 1 of the Kelexo (KXLO) presale.
Solana (SOL) Plummets Below $80 After Negative 5-Day Trend
Solana (SOL) bottomed out at $79 after a string of sustained price setbacks in the past 5 days. As of this writing, Solana (SOL) tokens were trading at $88.19, suggesting that the worst is over. The real question for Solana (SOL) holders is whether it holds support at $85 and regains its positive momentum. Solana (SOL) token prices have been on a downturn since hitting a 2023 high of $126 last December 25th, suggesting that the token was overbought. Solana (SOL) holders will hope that its prices stabilize and break past $100 sooner rather than later.
Is Tron (TRX) a Good Opportunity to Buy Into?
Tron (TRX) experienced a decline, reaching 24-hour lows at $0.106, a noteworthy shift from its recent trading levels around $0.0119 over the past seven days. Interestingly, Tron (TRX) has demonstrated resilience amid the broader market correction, managing to maintain a positive trajectory, currently standing at $0.1083, reflecting a 1.4% increase. Analysts in the market anticipate the possibility of Tron (TRX) retesting the $0.20 mark in 2024. This optimistic outlook is fueled by expectations surrounding the Bitcoin halving and the anticipated bull run that may ensue shortly thereafter.
Tron (TRX) seems poised to reclaim the $0.11 threshold, signaling a continuation of its positive trend in the coming weeks. The overall performance of Tron (TRX) suggests a level of stability and potential for growth, making it an intriguing asset to watch in the evolving cryptocurrency landscape.
Kelexo (KLXO) Presale Goes Live Amid Widespread Interest
Kelexo (KLXO) is a decentralized finance (DeFi) protocol building a peer-to-peer lending marketplace. Currently in stage 1 of its presale phase, Kelexo (KLXO) is inaugurating the launch of its protocol with token prices at $0.022. The platform’s potential to tap into the $200 billion-strong P2P lending industry and $57 billion DeFi sector makes it one of the top investment opportunities of the year. Just 3 days into its launch, Kelexo (KLXO) is already surpassing 4,500 registrants, indicating potential for massive growth this year.
Kelexo (KLXO) will play a major role in onboarding a new generation of DeFi users with its innovative loan marketplace. Borrowers will gain instant access to crypto-backed loans with minimal fees and no KYC, while lenders can generate passive income by offering loans with their crypto holdings. Kelexo (KLXO) could be on pace for parabolic growth if it could draw a fraction of the liquidity existing crypto lending platforms have in recent years. With interest building up for the presale, that looks like an inevitability.
Find out more about the Kelexo (KLXO) presale by visiting the website here
