Kelexo (KLXO) is predicted to pull 20x gains as Solana (SOL) and Polkadot (DOT) holders give a vote of confidence to the new lending platform. A renowned analyst has predicted that Kelexo (KLXO) is one of the best new cryptocurrencies to buy in 2024 and postulated that the recent surge of Solana (SOL) and Polkadot (DOT) should give Kelexo (KLXO) a big boost.
Is Kelexo (KLXO) a better long-term investment than Solana (SOL) and Polkadot (DOT)?
What you'll learn 👉
Pantera Looking to Buy Discounted Solana (SOL) Tokens
It was reported on March 7th that Pantera Capital, a prominent cryptocurrency fund, is actively pursuing fresh capital to acquire discounted Solana (SOL) tokens from the distressed FTX estate.
The acquired Solana (SOL) tokens are expected to be vested for at least four years. This initiative could potentially enable the FTX estate to liquidate its Solana (SOL) holdings, thereby releasing funds that could be directed toward addressing creditor claims.
Solana (SOL) has been on a tear in the past few weeks thanks to the explosion of meme coins. The price of Solana (SOL) is 53% in the past after rising from $97.5 on February 7th to $149.05 on March 7th.
Despite this surge, an analyst has claimed that Kelexo (KLXO) has more upside potential than the majority of cryptocurrencies that have already pumped.
Polkadot (DOT) Burns Tokens Worth $3.7 Million
Polkadot (DOT) posted on X on March 1st that it had burnt 431,370 Polkadot (DOT) worth $3.7 million at the time. A burning event reduces the token supply by permanently removing the burnt tokens from circulation.
As the supply shrinks and demand grows, the price of the cryptocurrency Polkadot (DOT) in this case, is expected to go up.
It seems the burning event had a positive impact on the price of Polkadot (DOT). Polkadot (DOT) is up 30% after its price rose from $8.048 on March 1st to $10.45 on March 7th. Analysts expect Polkadot (DOT) to keep on surging as the market shows strength.
Polkadot (DOT) is currently 80% down from its all-time high, suggesting that it still has room to grow if it is going to break its previous record. While the Polkadot (DOT) has a positive outlook, an analyst claims that Kelexo (KLXO) can easily earn holders 20x gains.
Analyst Predicts 20x Gains for Kelexo (KLXO)
An analyst specializing in new projects is forecasting substantial growth for Kelexo (KLXO), a new lending platform that leverages AI to deliver a great user experience for its users.
Kelexo (KLXO) has a utility that doubles up as a governance token, giving its holders the right to determine the changes that can or cannot be made on the platform.
As for investors, they get to buy a cryptocurrency with a limited supply of 440 million tokens. Investors can buy each Kelexo (KLXO) token for $0.04 in stage 2 of the ongoing presale.
The analyst has given a prediction of 20x gains, making Kelexo (KLXO) a good cryptocurrency to buy now.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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