Monero (XMR) and Shiba Inu (SHIB) are examples of well-established crypto projects whose growth seems to have stalled over the past 12 months. Both tokens performed relatively poorly compared to other altcoins in 2023, which saw a resurgence for big-cap altcoins in Q4 2023. This has led increasing amounts of Monero (XMR) and Shiba Inu (SHIB) holders to explore opportunities to generate more substantial gains in 2024. That opportunity seems to have arrived with the launch of decentralized lending protocol Kelexo (KLXO), whose stage 1 presale is going live amid massive fanfare.
Monero (XMR) Doomed to Underperform?
Monero (XMR) prices have been in a year-long decline, with the privacy token recording a 14% loss over the past 12 months. Monero (XMR) whales have been selling off their sizable Monero (XMR) holdings, as the privacy coin itself faces intensified regulatory pressure that saw Monero (XMR) being delisted from Binance (BNB). Privacy coins have been in the crosshairs of regulatory authorities, causing widespread delistings across crypto exchanges, causing a massive flight of capital from Monero (XMR) to more profitable investment opportunities like Kelexo (KLXO) in 2024. As of this writing, Monero (XMR) was trading at $154.63, trading sideways for the better half of the year.
Shiba Inu (SHIB) Burn Rate Goes on Overdrive, But Fails to Pump Prices
Shiba Inu (SHIB) is running on faded glory from its astronomical 2021 run which minted more than a few crypto millionaires in the last halving and bull run cycle. However, Shiba Inu (SHIB) has since been locked in a freefall, even as it burned an impressive amount of its supply over the past year. According to data from Shibburn, a Shiba Inu (SHIB) burn tracking service, over 193.7 million Shiba Inu (SHIB) were burned over the past week. However, the burn hasn’t translated into a commensurate price increase for Shiba Inu (SHIB) tokens.
Market Observers Pick Kelexo (KLXO) to Outpace Monero )XMR) and Shiba Inu (SHIB) in 2024
One crypto project in its presale phase is making waves after its first presale phase has gone live. Decentralized lending marketplace protocol Kelexo (KLXO) is building the premier decentralized lending marketplace that brings together borrowers and lenders under one symbiotic platform.
Through Kelexo (KLXO), lenders can earn passive income from interest on the loans they make available to borrowers, while borrowers benefit from gaining access to credit facilities that they would have otherwise been excluded from using traditional lending providers like banks and lending agencies. Kelexo (KLXO) enables borrowers to gain access to fully-collateralized crypto loans for whatever purpose the credit will serve without the rote KYC procedures, endless processing times, and the background/credit checks traditional lending services often have as a prerequisite.
The result is a lending platform that ushers in a new era of financial inclusion, which could serve as the unlock to a new generation of crypto users in the years to come. Currently, Kelexo (KLXO) tokens are available at a seriously discounted price of just $0.022 as of stage 1. Market analysts believe Kelexo (KLXO) could easily produce parabolic gains in 2024 once the Bitcoin (BTC) halving and bull cycle commences in April.
Click Here To Take Part Kelexo (KLXO) Presale - Official Site
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
