Ethereum (ETH) and Solana (SOL) are switching places in trying to recover a higher price tier. Both tokens serve as key infrastructure for decentralized applications. For now, trading is bound in a range, where Ethereum (ETH) is yet to recover $4,000 and Solana (SOL) is still away from the $200 mark. At a time when even top tokens fail to deliver, Kelexo (KLXO) is running its promising presale with a deep discount and a chance to enter a blue chip project from the start.
Ethereum (ETH) Transactions Signal Price Stability
Ethereum (ETH) transactions per day fluctuated between 1M and 1.4M for the first quarter of 2024. This level of activity correlates with price stability above $3,000, but so far no more significant rallies. Ethereum (ETH) recovered to $3,505.49 on April 11th with trading volumes between $10B and $20B per day for the past week.
Trading Ethereum (ETH) has been highly active in the past two quarters, after the revival of decentralized finance. Ethereum (ETH) itself is more rarely used, as traffic moved to side chains and various scaling solutions.
The Ethereum (ETH) blockchain has proven to be active enough despite long-running problems like congestion and high fees. Ethereum (ETH) is a well-established blue chip and still has not been moved from its top spot. But the price action is still limited as the coin is yet to fulfill the more extreme predictions of reaching $10,000 by the year end.
Solana (SOL) Turns to Community Building as Price Stalls
Solana (SOL) market price stalled around $170 after a week of low-volume choppy trading. Solana (SOL) trading activity fell by more than 50% to a lower baseline during the first two weeks of April. At the start of Q2, Solana (SOL) activity fell toward $3B in 24 hours, allowing for more significant price volatility in the short term.
The platform now seeks to boost confidence by targeting developers and the community of project creators. In a few days, Solana (SOL) will kick off the Hacker House Dubai meetup for developers. The project also set the date for Breakpoint, the annual conference. On September 20th -21th, the Solana (SOL) breakpoint conference will gather the community in Singapore.
Kelexo (KLXO) Offers Active Appreciation from Discounted Token Price
A new Web3 project, Kelexo (KLXO), has positioned its presale in a bid to tap investors that seek active returns and want to avoid stagnating markets. Kelexo (KLXO) is a market platform to match borrowers and lenders, in a streamlined process with no limits to access based on KYC requirements.
Kelexo (KLXO) is currently placing a part of its 440M tokens in the second stage of the presale. After the success of the first stage, now the tokens are still at a deep discount at only $0.05. Kelexo (KLXO) tokens and smart contracts have passed a third-party audit and look like they have a chance to turn into a blue chip crypto asset.
Along with the lending market, Kelexo (KLXO) will offer a spending card, as well as a seamless swap service with minimal fees. Buyers of Kelexo (KLXO) token from the presale stage will be eligible for a share of the platform’s revenues.
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.
