The cryptocurrency market can be quite unpredictable. As Avalanche (AVAX) experiences setbacks and lows and Ethereum (ETH) fails to rise above $3000, It’s easy to drown in the noise of the various ups and downs of the market. In this case, the best thing is to focus on tokens like Kelexo (KLXO), which is why Ethereum (ETH) whales are buying Kelexo (KLXO) for major gains. One certain thing amidst the market‘s volatile state is the transformative power of Kelexo (KLXO).
Avalanche (AVAX) prices decline
The Avalanche (AVAX) network aims to address issues like scalability, security and decentralization. However, the network recently experienced a four-hour outage due to a software bug. This has caused it to lose momentum, unlike Kelexo (KLXO).
Avalanche (AVAX) released 9.54 million Avalanche (AVAX) tokens to the market this past week. These tokens are worth $356.39 million and constitute 2.6% of the total Avalanche (AVAX) token supply. The token unlock has worsened the Avalanche (AVAX) price which has fallen by 15% recently. All these have caused Avalanche (AVAX) to further lose investors, causing some investors to pivot to Kelexo (KLXO).
Ethereum (ETH) fails to move past $3000
The Ethereum (ETH) platform serves as a means for building and deploying decentralized applications. These decentralized applications have a back-end code that is placed in a distributed peer-to-peer network. It is also used for the payment of services. The Ethereum (ETH) network is quite similar to the Bitcoin (BTC) network and can be used for peer-to-peer payment and to pay transaction fees.
Ethereum (ETH) price has failed to move past the $3,000 level severally in the past week and this has raised concerns among Ethereum (ETH) investors. It has led Ethereum (ETH) whales to key into Kelexo (KLXO).
Kelexo (KLXO) attracts Ethereum (ETH) investors
Banks and several institutions constantly demand passports, proof of address, face-to-face meetings and lots more before lending money. This is why the decentralized way of lending money is the future. Kelexo (KLXO) is transforming the banking process making it easy for people to borrow and lend instantly using crypto with no KYC checks.
Kelexo (KLXO) is one the first online lending platforms that was built on the blockchain to provide users with transparency, solid security and decentralized governance. The fees of Kelexo (KLXO) are incredibly lower than traditional institutions and users do not have to wait for days to process their transactions.
The Kelexo (KLXO) network allows its token users to partake in the key decision-making process of the network. These users can submit proposals on what should be changed or added to the platform. There’s also a reward program for users to get them involved in the growth of the platform by completing specific tasks and milestones.
The transparency of the network is certainly commendable. It’s a very promising investment opportunity that has attracted Ethereum (ETH) investors. Kelexo (KLXO) is currently in stage two of presale with a price of only $0.028.
Find out more about the Kelexo (KLXO) presale by visiting the website here.