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In the world of decentralized finance (DeFi), there are tons of strategies to trade successfully and make many times your initial investment. While it is very possible for each trading move to fail and result in massive loss especially in the case that an asset dips unexpectedly, it is also very possible to risk and win. One such strategy is looping and this strategy rose to prominence in recent times when two traders from Ethereum (ETH) made a whopping $120m from looping. These famous 'looping two' are set to make investments in Kelexo's (KLXO) presale before stage two is over.
Two whales employed the looping strategy in the Ethereum (ETH) Blockchain when Ethereum (ETH) was valued at $1000. This involved them depositing Ether (ETH) into a lending platform and then borrowing USD Coin (USDC) against their deposit. Subsequently, they swapped the cryptocurrencies with each other and redeposited to the lending platform with a more leveraged position. This strategy helped them achieve a range of 1-2x gains, rather than going for the higher 3-5x returns.
Against the risks of liquidation if the price of Ether (ETH) had fallen remarkably, these whales held out with hopes of a bullish rise and it paid off. They made $120 million in just 24 hours against their initial deposit at Ether's (ETH) current price of $2700. This tradeoff could have gone badly for them if the price of Ethereum (ETH) dropped below the value as at when they invested which was $1000 per Ether (ETH) but lending and borrowing in USD Coin (USDC) which is lower compared to Ethereum (ETH) was their best bet and has set them up to become highly sought-after investors.
Kelexo (KLXO) as a platform already has one of the best setups as a crypto-lending platform. Not only is the model impeccable with attractive features, but it has a real utility that is accessible to anyone on the Blockchain. Kelexo (KLXO) has also been predicted to be on the way to gaining 30x post-launch and becoming a blue-dot cryptocurrency. Amidst all these, Kelexo (KLXO) has gained attention and investment from the looping whales of Ethereum (ETH) and USD Coin (USDC) which means the expected growth ratio is now higher.
It could be another attempt from these whales to loop again with hopes of Ethereum (ETH) rising over time, but with Kelexo (KLXO) selling in its presale for a cheap price of only $0.028, it is the best move that these investors could take. Kelexo's (KLXO) low ICO makes it possible for investors to buy big, draw demand and supply loans on the platform thereby servicing the utility. With all the metrics for growth already present, Kelexo (KLXO) is expected to keep climbing up the price chart at rocket speed with easy conversion of assets and access to liquidity, Kelexo (KLXO) serves the needs of the investors perfectly and is perfectly positioned in the crypto market to generate massive gains.
Find out more about the Kelexo (KLXO) presale at their official website.
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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.
