Avalanche (AVAX) & Chainlink (LINK) Investors Buzz Over Kelexo (KLXO) Ambitions to Eclipse Aave (AAVE) in Lending

Many things are going on in the current market and many predictions. Some of them hold weight and are based on data while others are speculation. We make a difference in our analysis.

This article provides analysis relevant to a new token, Kelexo (KLXO) which is gaining much attention from Avalanche (AVAX) and Chainlink (LINK) investors. The project is even predicted to outpace Aave (AAVE) in lending. Our analysis checks if this is something investors should keep an eye on.

Strong Winds Pushing Avalanche (AVAX) Down

It isn’t too obvious yet but experts are pointing out that Avalanche (AVAX) shows signs that suggest a decline could be on the horizon. Avalanche (AVAX) has shaken off some bearish momentum during the market crash, keeping a good price throughout it. However, it now seems like it could decline. Avalanche (AVAX) has already recorded a small drop, trading at $55.81 as of press time. Investors are not too bothered now but may start to be if Avalanche (AVAX) drops below $54.

Chainlink (LINK) Set for Happy Days?

Things seem slightly less grim with Chainlink (LINK). It has found its way back to a familiar range but Chainlink (LINK) holders will hope this is a pit stop and a brief one. Chainlink (LINK) trades at $19.88 per unit as of press time. Some analysts have predicted even further growth for Chainlink (LINK) and much success in Q2.

Last Two Million Units and Last Days for Aave (AAVE)

Aave (AAVE) has passed 14 million in its circulating supply. This takes well over 90% of supply. Typically, this signals that there is less potential in a project. Aave (AAVE) may already be experiencing this with less popularity and fewer transactions on its blockchain. Barring a very unlikely resurgence, Aave (AAVE) may be past its peak and heading towards less impressive days. It is worth $129.54 per unit as of press time.

Why Experts Pick Kelexo (KLXO) Over Aave (AAVE)

While they do many of the same things, there are many reasons to pick Kelexo (KLXO) over Aave (AAVE) according to experts. Some of these are differences in features Kelexo (KLXO) appears to have the capacity to process transactions faster than most of the industry and offer some of the lowest fees. In addition, Kelexo’s (KLXO) elimination of KYC checks makes it an interesting pick. It is also one of the few projects that operates with a fully decentralized model.

Kelexo (KLXO) has a maximum supply of 440 million compared to the 16 million of Aave (AAVE). This already means that investors can get more of Kelexo (KLXO). However, Aave (AAVE) has also used up much of its supply already. According to CoinMarketCap, 92.29% of the coin’s total supply is already in circulation, meaning huge growth is unlikely if not impossible.

Finally, Kelexo (KLXO) is a much cheaper option. It is in the second stage of its presale, going for only $0.05. This great price means investors can buy large amounts regardless of the size of their capital. Kelexo (KLXO) seems like the better choice overall.

Find out more about the Kelexo (KLXO) presale by visiting the website here.

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency