Bitcoin (BTC) and Ethereum (ETH) are the main drivers of the crypto market as the first and second-largest cryptocurrencies by market capitalization. As of February, a majority of their holders are sitting on profits. That’s why Bitcoin (BTC) and Ethereum (ETH) holders are reallocating a portion of their gains into projects that could deliver even bigger gains in 2024. One of those is low-cap presale gem Kelexo (KLXO)—and it’s attracting major capital inflows from Bitcoin (BTC) and Ethereum (ETH) holders.
91% of Bitcoin (BTC) Holders in Profit as of February
Bitcoin (BTC) rallied to conclude the week, with the price briefly exceeding $48,000 for the first time since spot Bitcoin (BTC) exchange-traded funds began trading. According to IntoTheBlock, approximately 91% of people who hold Bitcoin (BTC) are now in the green in unrealized profits—even for those who bought it near the token’s all-time high in 2021. Bitcoin has held strong around the $48,000 range, representing an 11% gain in the past week.
Ethereum (ETH) Losing Mindshare to Faster Layer-1 Platforms
Despite its relative latency compared to newer Layer-1 protocols, Ethereum (ETH) remains the leading smart contract platform. Much of this lies in Ethereum’s (ETH) first-mover status since launching in 2015, rather than its performance, speed, or low fees. Despite its low throughput compared to its closest contenders in Solana (SOL) and Avalanche (AVAX), Ethereum’s (ETH) network effects keep it at the forefront of the smart contract platforms.
Kelexo (KLXO) Innovating the P2P Lending Industry
Decentralized finance (DeFi) is poised to become one of the hottest growth sectors in crypto in 2024, as evidenced by the growth estimates of market analysts. DeFi is expected to grow its total value locked from $62 billion at the beginning of February to up to $150 billion by the end of the year. One of the protocols expected to play a major role is Kelexo (KLXO), a revolutionary decentralized peer-to-peer lending marketplace. The early demand for its KLXO token as of stage 1 of its presale is proof positive of the platform’s projected growth in 2024.
Kelexo (KLXO) is revolutionizing the multibillion-dollar P2P lending sector by establishing a top-tier decentralized loan marketplace that optimizes the entire process from beginning to end. Kelexo (KLXO) will offer 24/7 access to anyone who wishes to obtain fully-collateralized cryptocurrency loans. Potential lenders can conveniently access the Kelexo (KLXO) platform and list their loans on the marketplace in 2 minutes. Kelexo (KLXO) will eliminate the need for time-consuming procedures such as Know Your Customer (KYC) protocols, credit evaluations, and processing delays. Transactions on the blockchain are executed instantly through fully-audited, robust smart contracts.
The Kelexo (KLXO) presale is offering its native token at an amazingly low introductory price of $0.022. This is your chance to get in on a blue-chip project at the earliest time and the lowest possible price. Lock in your gains at the earliest possible time and join the Kelexo (KLXO) presale launch today.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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Source: https://cryptodaily.co.uk/2024/02/borrowing-innovation-kelexo-klxo-secures-huge-bitcoin-btc-ethereum-eth-investment-in-just-weeks