Solana (SOL) was among the top gainers in the crypto world in 2023, while Tether (USDT) still remains the top stablecoin by market capitalization. However, the focus has shifted away from both big-cap coins in favor of new, exciting and innovative protocols with a good chance of turning in outsized returns on investment. One of the hottest presale projects thus far in 2024 is Kelexo (KLXO), with market analysts tipping the decentralized P2P lending platform as potentially the best investment opportunity of 2024.
What you'll learn 👉
Tether USDT (USDT) Generates Record Q4 2023 Net Profits
Tether’s (USDT) Q4 2023 net profit surged to $2.85 billion, $1 billion of which came from net operating gains from its interests in the US Treasury. The remainder of its net profit came from the Tether (USDT) Foundation’s gold and Bitcoin reserves appreciating in value. This bodes well for Tether (USDT), which remains the leading stablecoin by market capitalization and third-largest cryptocurrency overall. Tether (USDT) has largely retained its peg to the US Dollar, despite experiencing the occasional fluctuation due to market volatility.
Solana (SOL) Network Activity and NFT Scene Dwindles in January
Solana (SOL) has seen its network activity take a hit in the past month, despite airdrops on its DEX. This is evidenced by the decrease in daily active addresses, falling from 1.17 million to 920,000 in January 2024. Interest in Solana (SOL) NFTs also dipped in the same period. Airdrops failed to attract new users and failed to hit the expected increase in engagement. While Solana (SOL) token prices continue to trade at $96, it faces stiff opposition from other Layer-1 protocols and new, innovative projects with higher price ceilings.
Kelexo (KLXO) Becoming the Hottest Presale Launch of 2024
Kelexo (KLXO) has drawn 5000+ investors to its presale since January, turning it into one of the most intriguing project launches of the year. Kelexo (KLXO) is building the first decentralized peer-to-peer lending marketplace and market analysts believe that the early groundswell of support could propel the platform’s Kelexo (KLXO) token in the near future.
Kelexo (KLXO) is redefining peer-to-peer lending by removing the bureaucratic hurdles associated with traditional lending services. More specifically, Kelexo (KLXO) doesn’t require KYC, credit checks, or long wait times to get approvals. Prospective lenders simply list their loans on the marketplace, set their desired amount, payment schedule, long-term value and amount, while borrowers simply avail of the loans that fit their needs. It takes no more than 5 minutes for both parties—with no intermediaries required.
With Kelexo (KLXO) token prices set at $0.022 during stage 1 of its presale, it’s not surprising why Solana (SOL) and Tether (USDT) holders are buying into Kelexo (KLXO). Market analysts believe Kelexo (KLXO) can hit $1 during the next bull run, or a 50x gain from its launch prices. While there are never any guarantees in crypto, Kelexo (KLXO) offers an ideal entry point for crypto investors interested in making serious gains in 2024.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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