The crypto market expansion in Q1 generated new demand for quality investments. Blue chips like Solana (SOL) and Ripple (XRP) moved to a higher tier. Their investors started seeking opportunities to park some of their gains. Kelexo (KLXO) presale is opening an opportunity for long-term investment in a project aiming to dominate the decentralized lending space.
Solana is at the peak of its recent rally, with prices again hovering just under $200 in early April. It is yet to revisit its peak valuation above $250. Some profit-taking is moving the earnings out of the market.
Blue chip investors benefited indirectly from the Solana meme coin hype. However, the main story arc of meme coins is that they peak and fall very fast. A new asset often replaces them. Part of the Solana community seeks blue-chip cryptos that will show better resilience to market forces. The SOL coin is highly liquid and may absorb funds into its wider collection of projects. Or, some of the profits may be redirected to brand-new ecosystems.
Solana remains a staple of crypto trading, managing to bounce from its lows. The excellent recovery potential and social media profile are helping Solana to onboard the next generation of crypto investors.
The XRP crypto is consolidating just under $0.60 after a rapid correction. The asset has shown its ability to recover and reach local peaks. It also spends weeks or months in sideways trading.
The Ripple community, backed by expectations of broader adoption, may still contain early adopters and whales from the initial airdrops and low-cost buying. For newer investors, the expansion of Q1 may lead to profit-taking.
Market conditions are also changing as investors look for a faster turnover instead of holding for years. While the core Ripple community may remain loyal, newer investors may seek faster returns. One of the setbacks for Ripple is its lack of a readily accessible ecosystem of decentralized finance in the form of lending, liquidity providers, and swaps.
Kelexo is preparing to absorb some of the excess gains of the crypto market by building a new Web3 lending space. It connects borrowers and lenders in a peer-to-peer network. Thus, it will tap value and redistribute the fees to its holders.
Kelexo will aim to distribute a total of 440M tokens. Tokens allocated to the team will remain locked for 500 days. The end goal is to establish the loan hub as a blue-chip project. Thus, it can attract users with a reliable and secure product. Kelexo aims to move the loan funds in a fast, simplified process, taking under 2 minutes from match to transaction.
This platform has passed its audit with flying colors. It is well-protected against technological and financial risks of drained liquidity or rug pulls. To participate in the fair and transparent presale with a current discounted price of $0.05, visit Kelexo (KLXO) homepage.
Staking has become the new passive income for modern investors, with no trading required to…
Startups looking to pitch their ventures, VCs looking to invest, and general web3 enthusiasts have…
Cryptocurrency staking has grown so fast that it is currently considered one of the most attractive…
Lunex Network is a rising crypto star with high growth potential and innovative features. With a…
As cryptocurrencies evolve, staking has emerged as a powerful way to generate passive income. Staking…
Mining crypto has become an increasingly popular venture due to its ease of getting started.…