A spate of market volatility has once again hit the crypto markets, torpedoing Bitcoin prices and causing a domino effect in the altcoin space. Stellar (XLM) and Chainlink (LINK), which are among the most well-capitalized altcoins, have taken a major spill, causing a good number of holders to seek greener pastures to stabilize their flagging portfolios. `
Kelexo (KLXO) has emerged as one of the popular destinations for Stellar (XLM) and Chainlink (LINK) holders looking for higher ground. The smart money is taking out early positions in the new decentralized lending protocol that market analysts believe could turn in substantial returns in 2024 and beyond. Learn why.
Soroban upgrade fails to spark interest in Stellar (XLM)
Stellar (XLM) has been established as one of the longest-running blockchains in crypto, with its ecosystem and Stellar (XLM) token gaining traction as a crypto payment method in countries facing economic instability. Stellar (XLM) has also been used in countries where moving physical cash could be risky. Stellar (XLM) long history in crypto has led it to tie up with companies like MoneyGram to enable global payments and remittances. However, each bull cycle Stellar (XLM) has been through has seen it breach lower highs and lower lows each time, becoming the poster child for “diminishing returns.” Recently, Stellar (XLM) launched smart contracts on its ecosystem, but token prices are still trading at $0.11, indicating little organic demand for Stellar (XLM).
Chainlink (LINK) holders harvesting diminishing returns and opportunity cost
Decentralized oracle provider Chainlink (LINK) has undoubtedly seen its best days behind it, peaking during the 2020/2021 bull cycle at $54.98. However, Chainlink (LINK) prices have since tanked to single digits in 2023, until peaking once again at $20 earlier in March. As of press time, Chainlink (LINK) was trading at $14.53, taking a 22% loss in the past week and obliterating most of the gains it made in March. Chainlink (LINK) is suffering from a lack of organic demand like Stellar (XLM), considering Chainlink (LINK) isn’t made for speculation, but rather for utility by institutions. That’s exactly why Chainlink (LINK) has been among the worst laggards stretching all the way back to 2021, with holders harvesting diminishing returns and losing out on opportunity cost by overleveraging their holdings in Chainlink (LINK).
Stage 2 of Kelexo (KLXO) presale takes off with Chainlink (LINK) and Stellar (XLM) holders joining the moon mission
DeFi is experiencing a resurgence as we approach the Bitcoin halving and bull cycle, attracting the attention of savvy investors who are placing their bets on groundbreaking DeFi protocols. Kelexo (KLXO) is an innovative peer-to-peer marketplace that provides a one-of-a-kind lending marketplace solution, enabling borrowers and lenders to connect directly without the need for KYC, fees, or intermediaries.
Kelexo (KLXO) tokens are priced at a mere $0.055, making them an attractive option for widespread adoption compared to legacy lending protocols that tried but failed to gain mass adoption. That’s what gives Kelexo (KLXO) a superior advantage in 2024. Crypto lending is poised to become more widely adopted through Kelexo (KLXO), offering potential returns for investors as DeFi makes a strong comeback and achieves new milestones in terms of total value locked during the upcoming bullish period. The platform's native token offers a user-friendly and efficient platform for crypto lending, presenting an exciting investment prospect for the upcoming bull cycle.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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