The first quarter of the year is nearly coming to a close, leaving some investors re-evaluating their portfolios. Underperforming assets will need to be reallocated while promising cryptocurrencies will be added. Ethereum (ETH) and Shiba Inu (SHIB) investors had a memorable quarter as meme coins pumped hard.
Ethereum (ETH) and Shiba Inu (SHIB) investors are setting their sights on Kelexo (KLXO) as they target a potential 10X boost in returns. As market volatility prompts strategic reevaluations, investors are turning to the golden rule of investing: buy undervalued assets and hold for a long time.
Let’s explore why Ethereum (ETH) and Shiba Inu (SHIB) investors think that Kelexo (KLXO) is undervalued.
What you'll learn 👉
Ethereum (ETH): Correction May not be Over
Ethereum (ETH) surged to a high of $4,091 in the run-up to the Dencun upgrade on March 13th. Since hitting this monthly peak, Ethereum (ETH) has endured a downturn, which in all fairness, can be attributed to the overall market sentiment. Ethereum (ETH) is going for $3,566.90 at the time of writing, marking a 13% decrease from its peak so far.
This performance has left traders questioning whether Ethereum’s (ETH) downward trend has come to an end, particularly as it underperforms compared to Bitcoin (BTC) and the wider crypto market over the past month. Analysts argue that Ethereum (ETH) could face the possibility of a deeper correction before any sustained recovery can occur.
Shiba Inu (SHIB) Burns 51 Million Tokens, Eyes Rally
The Shiba Inu (SHIB) community is celebrating another token burn milestone. Data shows that over 51 million Shiba Inu (SHIB) tokens were sent to dead addresses during this period, further contributing to the reduction in supply. If the supply is reduced while the demand remains the same, the price of Shiba Inu (SHIB) could skyrocket.
Shiba Inu (SHIB) heavily relies on its token burn mechanism to manage its vast circulation supply. At the time of writing, Shiba Inu (SHIB) is the second-largest meme by market cap as it has a total valuation of $18.7 billion. Shiba Inu (SHIB) holders are expecting a rally as the market starts to recover from its recent downturn.
Kelexo (KLXO): Potential 10X Growth Lures Investors
Kelexo (KLXO) has become the talk of the town as investors aim for projected 10x gains. This optimism is due to Kelexo (KLXO) positioning itself as an innovative peer-to-peer (P2P) lending platform. Developers and analysts claim that Kelexo (KLXO) will revolutionize how lenders and borrowers interact with each other.
Kelexo (KLXO) is poised to grow its DeFi user base because of the intentional lack of KYC policy. This allows the new lending platform to offer its services to a wider range of users. This decision fits well in its business model as it allows Kelexo (KLXO) to generate more income.
This income will be shared with Kelexo (KLXO) token holders, providing another incentive for investors to buy and hold the tokens. Kelexo (KLXO) tokens cost only $0.05 in stage 2 of the presale and there is huge potential for 10X gains.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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