Going down the list of cryptos, there are certainly many options and a variety of coins investors can explore. From stablecoins with fewer changes to memecoins with interesting concepts behind them. Investors can also choose from the thousands of altcoins.
However, as a financial decision, any choice they make is highly influenced by the prospects of profit. This often shifts investors in either direction, to or away from certain assets. Our analysis checks where investors are moving to and what draws Algorand (ALGO) & Tezos (XTZ) holders to a new project, Kelexo (KLXO). Here’s what we know.
What you'll learn 👉
Algorand (ALGO) Takes Heavy Drop
Algorand (ALGO) is a blockchain-based network that supports a variety of applications. It is created to be scalable, secure and efficient with many real-world uses. There’s typically more interest in the price side of things for Algorand (ALGO) but this could be dropping soon. There are only small margins for the token across charts.
For example, it has only gained 11% compared to a year ago, although it was in an active decline at that time. Algorand (ALGO) still sees little growth compared to a month ago. April has been a struggle for the token, dropping by 22.51% compared to the end of March.
Algorand (ALGO) is worth $0.202 per unit as of press time, after a 20% gain compared to seven days ago. It stretched towards a $0.26 price in intra-week trading but couldn’t maintain it. For now, Algorand (ALGO) seems relatively stable after its big drop. Whether that is a sign to invest is contentious even among experts.
Tezos (XTZ) down below $1
Tezos (XTZ) is an open-source blockchain that executes P2P actions with high efficiency. Ahead of its upcoming evolution to Tezos (XTZ) 2.0, many investors have been buying some of the tokens in the hope of a massive rise. This may still be possible but Tezos (XTZ) recent movements discourage it.
It did fall below $1 in May last year and would take until November 2023 to rise above this and mid-January 2024 to maintain a level well above it. However, Tezos (XTZ) has dropped below $1 twice this month already. It is valued at $0.9952 per unit as of press time. Interestingly, this is still 5% better than a week ago when it dropped below $0.95.
Tezos (XTZ) has declined by a heavy 23% compared to 30 days ago. This will discourage many investors from the project. Many predictions say that Tezos (XTZ) will recover in the next few days but even then, its potential appears limited.
Kelexo (KLXO) Leads the Market for Predicted Returns
Algorand (ALGO) and Tezos (XTZ) are both in positions where they could improve by some measure but a decline is also likely. Across the market, this appears to be the more consistent theme. Yet, one token stands out in terms of predicted returns, Kelexo (KLXO). These prospects have investors rushing to it.
Kelexo (KLXO) is a lending platform with a blockchain touch. This allows users to sign up privately, have utmost security and use a completely transparent platform. Kelexo (KLXO) also accepts various cryptos for payments so users have various options. Whatever they use to pay, Kelexo (KLXO) offers low fees and quick payments improving the overall efficiency of getting loans.
Lenders also gain from Kelexo (KLXO) as they earn fixed income based on their deposits. The token is key to unlocking the full potential of the platform and even allows holders to be involved with decision-making. Investors can buy Kelexo (KLXO) for only $0.055 per unit in this stage of its presale. Holdings bought in presale are rewarded with passive income as a bonus to early investors.
To understand more about the Kelexo (KLXO) presale, browse through the website here.
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