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According to the Bitcoin (BTC) protocol, a halving action is about to begin for its token. With this news hitting the waves, Bitcoin (BTC) holders have been trying to ensure the effect doesn’t run down their numbers. The news is the same for Ethereum (ETH) holders. Ethereum (ETH) has been put in the same class as Bitcoin (BTC) and in most cases, market activities that affect one affect the other.
While market activity for both tokens has surged, market trends show money moving into Kelexo (KLXO). Kelexo (KLXO) is a platform where people can loan out their tokens with little to no hurdles. The Web3 platform has eliminated third parties, the need for KYC and high transaction fees.
One uncertainty surrounding Bitcoin (BTC) right now is its upcoming halving. With a market climb of 2.24% in the last 24 hours, Bitcoin (BTC) holders do not seem worried. Holding the rank of the most valuable cryptocurrency, Bitcoin (BTC) has a total market value of $948 Billion. As of writing, Bitcoin (BTC) trades about $19 Billion worth of tokens daily. One key thing that has aided its growth in the last couple of weeks is the Bitcoin (BTC) ETF approval. Investors are now considering how the halving will affect their investments in the coming weeks.
As of writing, Ethereum (ETH) has seen a 43.49% increase in its daily trading volume. After gaining 1.44% in market value in the last 24 hours, Ethereum (ETH) now has a total market value of $303 billion. Ethereum (ETH) is currently ranked #2 by market capitalization and #3 by daily trading volume. As it stands, Ethereum (ETH) is still ascending higher despite massive whale transfers of the token.
Using Kelexo (KLXO) is as simple as signing up, listing your tokens and adding terms and conditions. Someone who intends to borrow must sign up, look for the tokens they want, agree to the terms and get an instant deposit. With this easy process, crypto traders say Kelexo (KLXO) will be a platform they would love to use. This is because conventional lending sites usually take a lot of time to process their loans, requiring a lot of documentation before approving loans.
The Kelexo (KLXO) platform went through an external audit and, with a green light, began its presale. Now selling at $0.022 per token, Kelexo (KLXO) is gradually becoming investors’ favorites. According to the protocol’s whitepaper, there will be a total supply of 440 Million tokens by Kelexo (KLXO). Kelexo (KLXO) will also have its liquidity lock for life and a team token lock for 1,000 days. With these actions, the owners of Kelexo (KLXO) are telling investors that the protocol is not a scam and that they are safe from rug pulls.
Find out more about the Kelexo (KLXO) presale by visiting the website here
*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/02/13/trends-analysis-bitcoin-ethereum/