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Chainlink (LINK) and Polkadot (DOT) rank among the top 15 cryptocurrencies by market capitalization. In 2024, Chainlink and Polkadot holders are looking elsewhere with some diversifying into decentralized lending protocol, Kelexo (KLXO).
Polkadot is rising
Polkadot rose 7% in the last 12 months, lagging other altcoins.
However, some investors see potential in the sharded multichain protocol’s goal of achieving interoperability between blockchains.
Analysts say DOT may reach $6.88 by the end of 2024.
Chainlink poised for growth
According to market analysts, Chainlink’s recent growth may be attributed to its potential to become a key player in tokenizing real-world assets.
With this, LINK may reach $32 by the end of the year.
At present, Chainlink (LINK) is trading at around $15.
Analysts back Kelexo
There are a variety of industries in which accessibility to credit facilities is a crucial need, and peer-to-peer (P2P) lending has emerged as a major growth sector.
Kelexo is a web3 decentralized lending protocol currently in its presale phase.
It provides a platform for lenders to leverage their crypto assets and earn through interest. At the same time, borrowers can use the platform to achieve their financial goals.
Lenders’ crypto assets fully collateralize all loans, and the terms and conditions of the loans are smart contracts-guided.
In the ongoing presale, KLXO is available for $0.022.
Market analysts believe that Kelexo can attract users, possibly supporting prices.
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Source: https://crypto.news/polkadot-and-chainlink-bullish-analysts-back-kelexo-for-growth/