Tron (TRX) and Cardano (ADA) suffered setbacks over the past trading session. Ripple (XRP) prices, meanwhile, have fallen by 10% over the past week. The corrections reflect the entire crypto market capitalization falling to $1.58 billion from $1.74 billion in the past 48 hours. Kelexo (KLXO), on the other hand, has emerged as one of the year’s most intriguing investment opportunities early on in 2024, and, widely expected by many to become this year’s top performers.
Cardano (ADA) Volume Soars Amid Dump
Cardano (ADA) fell to $0.45 in the past trading session. The decline in Cardano (ADA) prices was accompanied by a surge in trading volume, with trading volumes shooting up from 230 million to 450 million in the past 24 hours. Rising trade volumes on falling prices indicate a lack of interest from buyers, serving as an indicator for downward price action. This could signify a further drawdown for Cardano (ADA), which could drop to $0.40.
Tron (TRX) Bottoms Out at $0.10
Meanwhile, Tron (TRX) bottomed out at $0.106, after trading at the $0.0117 range in the past week. All things being equal, the effects of the market drawdown didn’t affect Tron (TRX) prices that much, as it was still up 3.27% in the past 24 hours. Tron (TRX) bulls are making a push for a rally back to $0.11, with price action maintaining a strong position above crucial moving averages. This could be a buying opportunity for Tron (TRX), expected to hit $0.18 in 2024.
Ripple (XRP) Plunges 3.5% in Past Three Days
Ripple (XRP) token has slipped to $0.47, or a 3% loss over the past three days of trading and 10% in the past week, according to crypto aggregator CoinGecko. Ripple’s (XRP) price slump was part of a broader correction that saw Bitcoin (BTC) and major altcoins dump in a big way.
Kelexo (KLXO) Presale Goes Live Amid Widespread Interest
Kelexo (KLXO) is a recently-launched decentralized finance (DeFi) protocol specializing in peer-to-peer lending. Currently in stage 1 of its presale phase, Kelexo (KLXO) tokens will be available at $0.022. This presents an ideal entry opportunity for investors looking to be at the ground floor of a project with the potential to go to the top. The presale has drawn 4,000+ sign ups since announcing its launch 72 hours ago.
Prospective investors could gain exposure to the $200 billion P2P lending sector by joining the Kelexo (KLXO) presale. Kelexo (KLXO) is expected to become one of the prominent DeFi protocols ahead of the bull run, and could play a big role in onboarding new DeFi users with its decentralized lending marketplace solution. This could mean anywhere from a 20x to a 40x gain on Kelexo (KLXO) waiting in the wings, even if it captures just a fraction of lending platforms like AAVE’s market capitalization. With its presale approaching 4,000+ holders in just 72 hours, it looks poised to capture certainly more than just a fraction of other lenders’ valuations.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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Source: https://coinedition.com/tron-trx-cardano-ada-and-ripple-xrp-investors-jump-as-kelexo-klxo-launches-presale-stage-one/