Kelexo (KLXO) attracts Chainlink & Stellar advocates
The Kelexo presale is attracting Chainlink and Stellar holders, as it aims for a 10x surge this Easter.
Easter is on and crypto investors know what that means: the Bitcoin (BTC) halving is coming ever so closer.
That’s why everyone’s in a mad scramble to take out early positions in projects that could turn in superior gains in anticipation of the bull market in 2025. Chainlink and Stellar holders are among the scores of investors realigning their portfolios accordingly, with a good number of them rotating them into exciting new DeFi protocol Kelexo.
Kelexo is poised to redefine the future of peer-to-peer lending as we know it. With stage 2 of its presale launch going live, learn why the smart money is betting on DeFi and protocols like Kelexo to turn in at least a 10x this year.
To say that Chainlink has vastly underperformed is an understatement. In the past 30 days, the price of Chainlink has decreased by 2.4%. Contrast that with the performance of Solana within the same time frame, which is up 60%.
This is in stark contrast to the previous halving in May 2020, where Chainlink rose by 2x from $2 to $4 in the days leading up to it. That’s not the case in 2024 and analysts don’t believe that a similar performance is in the cards this time.
Stellar looks like it’s ready to break out of support levels, trading at $0.14 as of press time on March 29. In the past 30 days, Stellar has lit up green candles for 18 days, with technical indicators looking bullish for the established crypto. However, traders need to be forewarned about the discernible lack of volume and the topsy-turvy chart patterns.
Stellar holders need to receive confirmation before any potential breakout could drive a new price discovery phase.
It should come as no surprise why presale investment opportunities are all the rage these days, with investors trying to avoid getting caught with their pants down when the next bull run arrives.
And in 2024, perhaps no other presale launch has captured the eyes of individuals in the DeFi sector like Kelexo, whose stage 2 presale is going live due to popular demand. As of stage 2, Kelexo tokens will be available at $0.05 per unit, giving prospective investors the earliest, best-discounted price, along with a raft of irresistible incentives.
While lending protocols have been around since the last bull cycle AAVE comes to mind, Kelexo iterates on the concept by creating the first P2P lending marketplace that makes the whole process of crypto lending easier and more intuitive for non-crypto natives.
That means anyone and everyone can leverage Kelexo to avail of loans and earn interest on them for both borrowers and lenders without the KYC, the excessive fees and the slow processing times.
The total value locked in all DeFi protocols has already broken through $100 billion and the real bull market hasn’t even started yet.
The crypto market witnessed over $187 million in losses due to hacks in March, with nearly $99 million recovered.
According to data revealed by PeckShield, March proved to be a relatively calm month for crypto investors, with losses due to hacks decreasing by nearly 50% compared to February.
In an X post on Apr. 1, the analysts said the market saw over 30 hacks in the crypto space, resulting in $187.29 million in losses, with $98.8 million recovered. As a result, the figure marked a decrease of 48% from February, when hackers stole over $360 million.
PeckShield’s analysis identified Munchables as the project most affected by stolen value in March. As crypto.news reported, a team member associated with North Korea allegedly pilfered over $60 million in crypto from the project before returning the funds after their identity was revealed.
Despite the decline in losses compared to February, March’s figures still exceeded those of January, during which the market encountered $182.5 million in losses, according to PeckShield.