The future of the crypto space is starting to look positive again with the recent growth in the market. Many tokens are edging towards positives for the first time in a while. Investors are happy to see this increase but remain very cautious about what could be ahead of them in the market.
We explain the state of the market by highlighting some of the most popular tokens Ethereum (ETH), Polygon (MATIC) and Chainlink (LINK). Our analysis also draws readers' attention to a new project, Kelexo (KLXO). Find out more in this analysis.
Ethereum (ETH) went above $3.4K not long ago but various signs suggest it could fall below it again. It has been a rough climb for Ethereum (ETH) since its huge decline. Ethereum (ETH) had looked like it was going to recover but fell even further.
As of press time, Ethereum (ETH) is worth $3,407.13, gingerly above $3.4K. It stays stable at the moment but could start declining at any moment. Ethereum (ETH) seems like one to stay away from for now.
Polygon (MATIC) is the crypto that is used for interacting with dApps, staking and many other functions on the Polygon (MATIC) proof-of-stake blockchain. It is based on Ethereum (ETH). Polygon (MATIC) has spent time below $1 after falling there under a week ago. It now moves closer to crossing this again, trading at $0.9982 per Polygon (MATIC) as of press time. It is some 6% less than a week ago when it was cruising above $1 but should return there soon enough.
Chainlink (LINK) has enabled off-chain sectors to connect to the web3 world since its launch. It is a decentralized Oracle Ethereum (ETH)-based network built. Chainlink (LINK) trades more positively now. It is valued at $18.43 per unit as of press time. Chainlink (LINK) is 0.22% better than a week ago, small but impressive considering how other tokens perform.
Kelexo (KLXO) is an Ethereum (ETH)-based decentralized network. Within the Kelexo (KLXO) ecosystem, users can invest in asset-backed short-term loans. Users can also obtain these loans with flexible terms and no brokers.
It has very low fees and is the most transparent platform on the market. Kelexo (KLXO) also adds speed to the equation, with deposits and withdrawals reflecting instantly. Using Kelexo (KLXO) brings rewards and users can win crypto for hitting milestones.
Many experienced investors have bought Kelexo (KLXO). Its price and potential make it very attractive. It costs only $0.05 per unit in the second stage of presale. After a stage one sellout, it may be necessary to act very fast to get Kelexo (KLXO) at this stage. This is the best time to invest in Kelexo (KLXO) for maximum rewards.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.