While Bitcoin (BTC) was breaking records on its meteoric rise, with new all-time highs above $72,000, traders were on tenterhooks regarding market indicators pointing toward the possibility of a correction. With such uncertainty, therefore, the spotlight moved to alternative investments like Kelexo (KLXO), which is a decentralized P2P lending platform and Tether (USDT), expanding onto the Celo blockchain.
We look at trends around Bitcoin (BTC), how Tether (USDT) is doing in its efforts to diversify and why the Kelexo (KLXO) presale shows some promise.
Bitcoin (BTC) Profit-Booking Concerns
Despite Bitcoin's (BTC) impressive rally, concerns of profit-booking triggering a sell-off loom large. Indeed, technical indicators are pointing to a possibility of a correction and the TD sequential indicator joins the chorus. In the meantime, overheating signals in markets, pointed out by metrics such as miners' profitability and traders' profit margins, suggest potential for great corrections. With Bitcoin's (BTC) RSI signaling overbought conditions, caution prevails among investors amidst extreme greed sentiment.
Tether (USDT) Expands to Celo Blockchain
For the growing demand for cost-efficient transactions, Tether (USDT) expands to Celo's blockchain to offer Tether (USDT), which comes along with a transaction fee starting at $0.001. This strategic partnership will strengthen the functionality of microtransactions that can be used to promote financial inclusiveness and global prosperity. Tether (USDT) continues to bring innovation and preparedness of resources to anyone using digital payments and remittances through the creation of diversity in the offering of stablecoins on the Celo platform.
Kelexo (KLXO) Presale Enters Stage Two
Kelexo (KLXO) is a decentralized investment loan, a new one and has a promising view. The Kelexo (KLXO) project is on presale. Kelexo (KLXO) is being sold at the price of $0.04 per unit and projects a substantial rise in value, offering a great promise of huge return rates to the investor. With a very user-friendly interface and processes that are made very easy, Kelexo (KLXO) unbars finance and empowers access for all into the digital market of lending.
Conclusion
As Bitcoin's (BTC) meteoric rise is giving rise to profit-booking worries, investors are now looking at alternative opportunities, such as what projects like Tether (USDT) expansion onto the Celo blockchain and Kelexo's (KLXO) presale have to offer. Still, caution prevails as markets sway from side to side and these moves of diversification by Tether (USDT) and the promise of Kelexo's (KLXO) decentralized lending platform are indicators of a change in the landscape of digital finance.
They will continue to play a major role in taking advantage of growth opportunities and positioning themselves to be financially empowered as the investor moves into an ever-shifting cryptocurrency market.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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.
