Lending Platform Kelexo (KLXO) Draws Big Interest from Stellar (XLM) and XRP

April trading continues to drag previously booming tokens down. After the end of the first quarter, assets such as Stellar (XLM) and XRP remained stagnant, leaving their investors impatient for another long-term wait.

The pre-sale of Kelexo (KLXO) offers a new opportunity to start from scratch, following the immediate success of its first stage.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Stellar (XLM)

For most investors, 2024 is a given that it will provide another powerful bull market. Stellar (XLM) has remained relatively stagnant during this market cycle, still outside the top 30 largest coins.

As of April 16, Stellar (XLM) was trading at $0.106. More experienced investors suggest that the coin may go through another growth cycle, but so far Bitcoin’s record and peak valuations have not boosted the Stellar (XLM) movement. Trading plummeted to just $132 million in 24 hours.

Stellar (XLM) is also suffering from declining volumes that coincide with the price decline. Stellar (XLM) has lost 19% of its value in a week as investors show signs of pulling back.

XRP is holding on to the decline, but the rally is nowhere near it

XRP has recovered 1% in the past 24 hours to around $0.50, fighting the previous bearish scenario that saw the coin fall to $0.48. However, the long-awaited rally has been suspended for now, as the token is not receiving enough enthusiasm. XRP is still highly visible, but there are too many projects developing, which may affect the platform in the future.

XRP investors are aware that they may be in for the long term and some are abandoning the project to grab more promising profits from other projects.

In the case of XRP, more short-term declines can be expected. The most extreme expectations for XRP are for prices above the previous record and even above $10, but there are no immediate indicators that this supercycle could happen and push XRP to those levels.

Kelexo (KLXO) extends second presale round

Kelexo (KLXO) provided an optimal entry opportunity, pricing its tokens at just $0.05 during its second round of presale. Kelexo (KLXO) will build an online peer-to-peer lending marketplace, promoting participation in the Web3 sector and the exchange of value.

In the second stage of the pre-sale another portion amounting to 440 million Kelexo (KLXO) will be distributed, and in addition, a lock-in deficit will be guaranteed for the team behind the platform for 500 days.

Kelexo (KLXO) will also provide utilities on its platform from day one. The lending process will start with a streamlined, user-friendly mechanism.

The loan process will only take two minutes from filling out the forms to approval. Funds will reach the borrower’s wallet instantly, with no barriers to access. Kelexo (KLXO) will operate without requiring its users to go through KYC processes and will connect all cryptocurrency owners with potential borrowers. The second stage of the Kelexo (KLXO) token sale is now open on the project website.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.