Avalanche (AVAX) is setting sights on a major comeback as it challenges key resistance levels in the past 72 hours of trading—and it’s coming straight for Ethereum (ETH). On the other hand, Dogecoin (DOGE) holders are holding out hope for a rally. Meanwhile, an early Bitcoin (BTC) whale is betting on new DeFi P2P lending protocol Kelexo (KLXO), which market analysts believe could be one of the year’s top performers.
What you'll learn 👉
Amidst a sluggish market, Avalanche (AVAX) defied the odds, surging by 13% within the past 48 hours of trading as it reached a 10-day high of $36.33. This rally was fueled by a surge in daily trading volumes and a surge in an AVAX-based social app called the Arena, which saw its total value locked (TVL) increase by 27%. The recent price increase was also indicative of the hype behind the launch of Avalanche (AVAX) scalability solution Vryx, which will enable Avalanche (AVAX) to hit a whopping 100,000 transactions per second. This could easily blow Ethereum (ETH) out of the water.
Ethereum (ETH) is currently in the midst of a $1 billion selloff from bankrupt lender Celsius, which was detected to have transferred 459,561 ETH to various central exchanges. This is a prelude to a major selloff, which could trigger massive selling pressure on Ethereum (ETH) prices. The Celsius outflow could be bearish for Ethereum (ETH) prices in the short term, with support at $2,000 to monitor. If it falls below this critical technical and psychological support level, Ethereum (ETH) could take a nosedive at the next major support level of $1,800.
One of the major narratives driving the market in 2024 is the Bitcoin halving, which is expected to bring about a major bull run in 2025. That makes investing in the right opportunities paramount for traders who wish to profit. Kelexo (KLXO) has emerged as one of the top investment opportunities of 2024.
Kelexo (KLXO) is a new decentralized finance (DeFi) peer-to-peer lending protocol debuting at stage 1 of its 7-stage presale launch. Kelexo (KLXO) will redefine P2P lending and make it easy for borrowers to access credit and lenders to earn on interest.
During the presale, KLXO tokens will be available starting at $0.022 at stage 1, with a progressive token price increase set for the succeeding stages. The mechanic incentivizes early investors to take out big positions ahead of everyone else at the lowest possible price. With market analysts predicting Kelexo (KLXO) could dominate the decentralized P2P lending sector in 2024, this could be the lowest KLXO prices will go. Don’t sit out this opportunity to invest at the earliest possible stage of a DeFi project expected to play a major role in the sector’s resurgence.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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