Wider adoption and application of Blockchain technology combined with the innovative nature of the cryptocurrency space ensures that exciting projects are regularly introduced into the space. Often, these projects do not survive, leading investors to carefully analyze and understand the risks involved in a particular project before deciding to invest.
One such project that appears poised to survive and transform the lending market is Kelexo (KLXO). The P2P lending platform is built on the blockchain and aims to offer accessible, hassle-free and efficient lending services. The platform presale has already drawn interest from investors in cryptocurrencies like Litecoin (LTC) and Bitcoin Cash (BCH).
Bitcoin Cash (BCH) has been performing considerably well in the past few weeks. Currently trading at $667.64, the altcoin has seen a surge of 47.42% in the last 30 days and 7.75% in the previous seven days. Bitcoin Cash (BCH) seems to remain unaffected amidst the market downturn which has caused the value of most crypto tokens to decline. Bitcoin Cash (BCH) trading volume has also increased, suggesting higher investor activity and its market capitalization has risen to $13.16 billion, making it the 13th largest on CoinMarketCap.
However, Bitcoin Cash (BCH) holders are looking towards new projects to reinvest their Bitcoin Cash (BCH) profits. They understand that the crypto market is very volatile and will look to extend their investments beyond Bitcoin Cash (BCH).
These investors are impressed with Kelexo (KLXO) web3 lending platform, which they believe can help them profit from the lending market.
Unlike Bitcoin Cash (BCH), Litecoin (LTC) has been unable to avoid a price decline. The token has suffered a 5.95% drop in the past seven days, which has caused Litecoin (LTC) value to reduce to $98.46. The recent price action left the token market capitalization at $7.26 Billion.
Analysts predict that Litecoin (LTC) will experience a resurgence in the coming days and market sentiment remains bullish on Litecoin (LTC). However, some investors are not entirely convinced. They believe that even if Litecoin (LTC) were to see a price appreciation, some newer projects offer more profitability and greater growth potential than the token.
The P2P lending platform Kelexo (KLXO) has gained the attention of Litecoin (LTC) investors due to its innovative nature. These investors believe the platform offers better price stability and profitability than their current investments.
Kelexo (KLXO) is currently priced at $0.05 and Litecoin (LTC) investors want to capitalize on this affordable price to secure early investments in the platform. Experts predict that Kelexo (KLXO) could see a 1000% increase in value shortly.
Kelexo (KLXO) is a web3-based lending platform that enables users to borrow and lend using cryptocurrency. The P2P platform provides users instant access to secure and transparent lending services.
In addition to the lending services offered on the platform, Kelexo (KLXO) features a swap service that allows users to exchange cryptocurrencies without any commission fees and a debit card that enables users to access and spend the funds in their wallets anywhere in the world.
For further information about Kelexo (KLXO) and its presale, visit their 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.