Bitcoin (BTC) took a massive correction, sending the crypto world into conniptions over the past 24 hours as total crypto market capitalization fell below $1.6 trillion, dropping by 5%. Shiba Inu (SHIB) meanwhile, despite numerous attempts to drum up investor interest, has been locked in a tailspin since breaching all-time highs in 2021. Meanwhile, new Web3 ending platform Kelexo (KLXO) is making waves after drawing over 2,500 investors 48 hours into its first stage presale, foreshadowing what could be a parabolic run for the token in 2024.
Bitcoin (BTC) Sinks to $38,500 in the Past 24 Hours
Bitcoin (BTC) prices sank to a low of $38,500 on January 23, following a market-wide bloodbath that brought about a massive correction in big-cap tokens that have been overbought. The combination of Grayscale selling off upwards of $600 million in Bitcoin (BTC) holdings, not to mention the FTX and Mt. Gox liquidations have torpedoed prices to early December 2023 levels.
Shiba Inu (SHIB) Holders Lining Up to Join Kelexo (KLXO) Presale
Shiba Inu (SHIB) hasn’t made a serious dent in recreating its glory days since achieving its all-time highs last October 2021. Despite the expansion of the Shiba Inu (SHIB) ecosystem, there has been a lack of serious activity going on. Moreover, despite implementing token burns to curtail supply and stabilize prices, Shiba Inu (SHIB) remains locked in a tailspin, trading 90% below its ATH as of this writing. That has led to Shiba Inu (SHIB) holders investing into promising opportunities like the Kelexo (KLXO) presale.
Kelexo (KLXO) Presale Breaches the 2,500 Holder Milestone
Newly-launched decentralized peer-to-peer lending marketplace Kelexo (KLXO) has gotten off to a strong start with the launch of its stage 1 crypto presale. Kelexo (KLXO) managed to onboard over 2,500 holders—a good number of which are Bitcoin (BTC) and Shiba Inu (SHIB) holders—barely 48 hours after launching.
Consequently, Kelexo (KLXO) is being tipped by more and more observers as a presale investment with the potential to moon in 2024. Market analysts predict that Kelexo’s (KLXO) decentralized peer-to-peer lending platform could be pivotal to a resurgence of the $54 billion decentralized finance (DeFi) sector after the Bitcoin (BTC) halving and bull market come around in April.
Kelexo (KLXO) is available at a launch price of $0.022. With the peer-to-peer lending market set to grow to a $200 billion industry this year, market analysts are bullish about Kelexo’s (KLXO) future prospects, especially if it could capture a fraction of the lending market—and its no-KYC, low-fee and secure marketplace virtually guarantees that it will. This could result in anywhere from a 35x to 50x gain for Kelexo (KLXO), giving it a higher price ceiling to appreciate in 2024 than Bitcoin (BTC) or Shiba Inu (SHIB).
Find out more about the Kelexo (KLXO) presale by visiting the website here
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