Bitcoin (BTC) continued its hot run as it smashed past the $51,000 mark last February 14th, providing a boost to altcoins across the board—even underperforming ones like Litecoin (LTC). The bullish sentiment has spread throughout the market, but especially more so for low-cap, undervalued and overlooked gems that have serious moon potential in 2024. One of those projects is Kelexo (KLXO), which is poised to become a leading DeFi protocol in the years to come.
Bitcoin (BTC) Breaks Past $51K; Liquidates Over $147M in Shorts
Traders taking out short positions on Bitcoin (BTC) prices lost as the largest cryptocurrency by market capitalization hit $51,000 and flirted with $52,000 last February 14th. Over $79 million in Bitcoin (BTC) short positions were liquidated in the past 24 hours. According to data from crypto analytics outfit CoinGlass, over $147 million in shorts were liquidated across all cryptocurrencies within the same period.
Litecoin (LTC) Holders Stuck with Meager Gains
Litecoin (LTC) saw its price smash past resistance at $70, peaking at $72 in the past 48 hours of trading. Litecoin (LTC) prices followed Bitcoin (BTC) after the latter tested $52,000 last February 14th, but only managed a relatively meager gain compared to other altcoins within the past 7 days. Technical indicators suggest a downturn for Litecoin (LTC) due to heavy resistance near $75 and support at $70. If Litecoin (LTC) manages to break past strong resistance at $75, it could pave the way to $90 by mid-2024.
Kelexo (KLXO) On the Verge of a Breakout Year in 2024
Kelexo (KLXO) is fast becoming one of the top presale opportunities of 2024 and on-chain data shows that its presale launch is receiving heavy capital inflows from a Bitcoin (BTC) and Litecoin (LTC) whale. When whales move, they make waves. That’s why industry observers believe Kelexo (KLXO) could be on the verge of a massive year, particularly for its native token KLXO, which will power its decentralized P2P lending marketplace.
Kelexo (KLXO) is expected to play a major role in the resurgence of decentralized finance (DeFi) in 2024, by building the first and only P2P lending marketplace, making crypto lending easier than it has ever been. Borrowers and lenders will be able to participate in the marketplace without requiring KYC, intermediaries, or tedious processing times—opening up Web3 and DeFi to new audiences. Kelexo (KLXO) will enable users to retain full control over their financial dealings and crypto assets at all times via its audited, secure and automated smart contracts, with all terms and conditions directly written into smart contract code. Kelexo (KLXO) offers an unprecedented level of control and transparency, without requiring users to disclose personal information to a central authority. Kelexo’s (KLXO) level of decentralization promotes financial inclusion while enhancing privacy and security for all users.
Kelexo (KLXO) is currently offering its native token for an initial price of $0.022. This is a potential opportunity for investors to achieve significant profits in 2024, especially considering the little cost of entry. Don’t miss out on the presale event in DeFi this year—register for the Kelexo (KLXO) presale today.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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Source: https://coinedition.com/kelexo-klxo-on-chain-lending-platform-takes-huge-investment-from-unknown-bitcoin-btc-litecoin-ltc-whale/