Altcoins faced substantial corrections across the board in the past 24 hours as the total crypto market cap fell below $1.6 billion. A spate of sell-offs and liquidations torpedoed Bitcoin prices below $38,500, taking altcoins like Avalanche (AVAX) and Tron (TRX) along with it. This coincided with a rise in prospective investors registering for decentralized lending protocol Kelexo’s (KLXO) presale, widely expected by many to become the top performers of 2024.
Avalanche (AVAX) Counting On a Comeback
Avalanche (AVAX) has taken a harsh 41% correction over the past 30 days. The bearish trend for Avalanche (AVAX) has persisted after it lost 10% over the past 24 hours. As of this writing, Avalanche (AVAX) was trading at $30.37. Holders remain positive about the smart contract platform’s prospects in 2024, with partnerships Vodafone, Citi, and JPMorgan in the pipeline for Avalanche (AVAX).
Can Huawei Partnership Boost Tron (TRX) Prices?
Tron (TRX) celebrated another milestone after partnering with Huawei Cloud’s Native Enterprise Service (NES). The objective of the partnership is for NES to improve synergies for its developers in the blockchain/Web3 sector. Tron (TRX) holders are hoping it could translate into a price boost, with the token currently trading at $0.111 as of press time, dropping from $0.117 in the past week. The current trends look optimistic for Tron (TRX), with analyst projections indicating a potential price target of $0.15 by the end of the year.
Kelexo (KLXO) Presale Draws 2,750+ in 72 Hours
Kelexo (KLXO) is a decentralized finance (DeFi) protocol that allows users to borrow and lend cryptocurrency. It has been hyped among crypto intelligence communities as one of the best investment opportunities of 2024. Kelexo (KLXO) has gone live with stage 1 of its presale, where Kelexo (KLXO) tokens are up for grabs at discounted rates of $0.022. This gives early-stage investors an unparalleled advantage to make the biggest possible gains before Kelexo (KLXO) lists on exchanges worldwide.
Market analysts believe that Kelexo (KLXO) and its goal of opening up the $200 billion peer-to-peer lending industry to crypto audiences will play a key role in onboarding new audiences to Web3. Kelexo (KLXO) will, by all accounts, play a vital role in kick-starting the resurgence of DeFi in 2024.
Kelexo (KLXO) will tap into the billions of individuals lacking the ability to access credit facilities due to being unbanked or undocumented, and allow them to leverage crypto to achieve their financial goals. Meanwhile, lenders could earn passive income by allocating a portion of their holdings to lend and earn interest with.
Kelexo (KLXO) has already picked up steam after drawing 2,750+ registrants within 72 hours of its launch. The decentralized lending protocol looks every bit of value to make serious waves in the crypto world—particularly in the $57 billion DeFi sector—and its presale launch is a can’t-miss opportunity to be part of this growth.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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