Cardano (ADA) and Polkadot (DOT) seem to be stuck in reverse after both big-cap altcoins went on a hot run last December, starting the new year on a bad run of form. More and more market analysts believe that there are better investment opportunities for growth investors than Polkadot (DOT) or Cardano (ADA). One of the top candidates is the freshly-launched decentralized lending marketplace Kelexo (KLXO). Here’s why:
Cardano (ADA) Dip a Buying Opportunity?
Cardano (ADA) is down 6.3% over the past week, trading at $0.51 as of this writing as it attempts to regain support at $0.53. Cardano (ADA) could go on a rally should it reclaim the previous support level—otherwise, bearish sentiment may prevail upon Cardano (ADA) in the next several weeks. However, market analysts believe that the current Cardano (ADA) price is a buying opportunity to “slurp the dip” as they expect the token to regain price targets.
Can Polkadot (DOT) Recover to Q4 2023 Levels?
Polkadot (DOT) was among altcoins that went on a tear during the last quarter of 2023, as it rose to $9.39 towards the end of December. However, Polkadot (DOT) has gone on a decline entering the new year, as Polkadot (DOT) prices bottomed out at $6.82 on January 19th. The decline was attributed to intense selling pressure as Polkadot (DOT) traders took profit. Selling activity remains dominant as Polkadot (DOT) traded at $6.81 at publication. Market sentiment is favoring the sellers at the moment.
Kelexo (KLXO) Tipped to Become 2024’s Biggest Gainers
The launch of the decentralized lending protocol Kelexo (KLXO) is widely expected to outperform big caps like Cardano (ADA) and Polkadot (DOT) in 2024. Kelexo (KLXO) is a pioneering blockchain-based permissionless online lending platform and marketplace offering enhanced security, transparency, and decentralized governance. Market analysts believe its value proposition makes Kelexo (KLXO) among the best investment opportunities of the year. Kelexo (KLXO) tokens are available at $0.022 during the first stage of its presale and analysts believe it can go on a 750% increase upon launch and listing later this year—perfectly in time for the Bitcoin halving and subsequent bull market.
Kelexo (KLXO) enables borrowers and lenders to freely transact as they please, with loans available on the platform enforced entirely by smart contracts. There is no need for long, drawn-out approval processes, no credit or background checks, or loan officers performing rote KYC checks. Credit facilities will be available 24/7, 365 days a year for borrowers, while lenders can likewise offer loans at their desired rates, terms, and conditions. Best of all, the whole process on Kelexo (KLXO)—whether offering loans or availing them— takes as little as 2 minutes. Kelexo (KLXO) solves a long-standing problem in the lending industry, ushering in a new era of decentralized peer-to-peer lending powered by distributed ledger technology.
Find out more about the Kelexo presale by visiting the website here
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Pratik Chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and possesses strong technical analytical skills. He is well known for his entertaining and informative analysis of the Financial markets.
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