The much-anticipated Bitcoin (BTC) ETF approval in the United States has come and gone, with the price of the leading cryptocurrency in free fall. BNB (BNB) has also barely moved since the ETF approval on January 10, leaving holders of both cryptocurrencies looking for another avenue to make their money work for them. Several of these investors have found Kelexo (KLXO) as the best new cryptocurrency to invest in.
This article explores why investors currently prefer Kelexo (KLXO) to Bitcoin (BTC) to BNB (BNB).
What you'll learn 👉
Bitcoin (BTC) Tumbles After Spot ETF Approval
The crypto community enjoyed a historical moment on January 10 when the U.S. Securities and Exchanges approved multiple Bitcoin (BTC) spot ETFs. What many people don’t realize is that the first Bitcoin (BTC) ETF application in the U.S. was first submitted in 2013, more than a decade ago.
However, the Bitcoin (BTC) ETF approval seems to have cooled the red-hot streak that the entire market had enjoyed over the past few months. Bitcoin (BTC) fell from $45,932.79 on January 10 to $42,775.95 on February 5, a loss of 6.87% in value in nearly a month.
While Bitcoin (BTC) is expected to surge again thanks to catalysts such as the halving event, some investors are momentarily taking profits and buying into the Kelexo (KLXO) presale.
BNB (BNB) Has a Muted Price Action
While BNB (BNB) has not seen its price since the approval of the spot ETFs, it has gained only 2.14% after its price increased from $295.08 on January 10 to $301.39 on February 5. BNB (BNB) is affiliated with Binance, the world’s largest crypto exchange by traded spot volume.
Binance has also had legal issues with the U.S. Department of Justice (DOJ) and had to pay more than $4 billion to settle its case. Although the incident did not exert too much pressure on BNB (BNB), it may have a long-term impact.
BNB (BNB) investors are now converting some of their holdings to Kelexo (KLXO) in search of huge gains. While Bitcoin (BTC) and BNB (BNB) are good long-term crypto investments, analysts claim that Kelexo (KLXO) is the best new crypto to invest in right now.
Is Kelexo (KLXO) a Good Crypto Investment?
Kelexo (KLXO) is seen as a good investment by investors due to its low price of $0.0248 in the ongoing presale. However, investors are attracted to its decentralized Web3 lending business lending model that will cater to people who are usually shunned by traditional banks.
Kelexo (KLXO) has investor-centric tokenomics. 60% of the tokens are reserved for the public via a token sale while the team gets only 7%. Liquidity will be locked for life to protect investors and security will be the main priority.
Analysts claim that Kelexo (KLXO) is a good crypto investment because it is yet to witness a bull market. Investors who want to make big gains need to buy Kelexo (KLXO) tokens during the early stages of the presale.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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