Why Analysts think Kelexo (KLXO) will become the Next Big Crypto as Shiba Inu (SHIB) and Polkadot (DOT) fall

7 February 2024

in SHIBA

Reading Time: 3 mins read

With Shiba Inu (SHIB) seeing less interest and Polkadot (DOT) cautiously recovering, people are now looking at Kelexo (KLXO). Unlike Shiba Inu’s (SHIB) difficulties and Polkadot’s (DOT) uncertainties, Kelexo (KLXO) offers simplicity and decentralized governance to DeFi. It deals with common lending problems, offers a global debit card, and gives benefits to investors. Its presale price at $0.022 suggests it’s a serious contender in 2024. Experts predict Kelexo (KLXO) could become a major player, outdoing both Shiba Inu (SHIB) and Polkadot (DOT) in the cryptocurrency world.

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Shiba Inu (SHIB): Declining Demand and Investor Profitability

Shiba Inu (SHIB) faces challenges as data reveals a higher percentage of investors at a loss compared to Dogecoin (DOGE). 66% of Shiba Inu (SHIB) holders are at a loss, while only 28.44% are at a profit. Despite Dogecoin’s (DOGE) higher profitability, Shiba Inu (SHIB) struggles with dwindling demand, which is evident from decreased network activity and new addresses. Daily transactions dropped by 17%, affecting its price performance negatively, with a 10% drop since January 1st. Despite this, Shiba Inu’s (SHIB) Futures Open Interest has seen growth, indicating renewed trader interest.

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Polkadot (DOT): Technical Setup and Upside Potential

Polkadot (DOT) is displaying signs of a resurgent upside, with analysts predicting a retest of breakdown levels that could trigger the next growth wave. Polkadot (DOT) is approaching the upper boundary of a multi-month falling wedge pattern, and a successful breakout could propel it toward $10. The coin’s Futures Open Interest has risen by 38%, indicating that traders are opening new positions.

Despite potential growth, analysts advise caution and emphasize the need for confirmation of the breakout. A daily close above the falling wedge resistance would signal a bullish wave, while a failure to do so may lead to volatile market movements. Polkadot’s (DOT) unique interoperability value and constructive technical posture position it as a potential outperformer in the broader market recovery.

Kelexo (KLXO): Revolutionizing DeFi with Simplicity and Decentralized Governance

Kelexo (KLXO) offers a solution to traditional lending issues, streamlining the borrowing process with minimal identification and compliance requirements. Its ecosystem includes a debit card for global spending, revenue share for presale investors, commission-free swap services, and a rewards program. With decentralized governance and a VIP program, Kelexo (KLXO) stands out in the DeFi industry. Its presale, priced at $0.022, presents an opportunity for investors seeking diversification and simplicity in decentralized finance.

In summary, while Shiba Inu (SHIB) and Polkadot (DOT) face challenges, Kelexo (KLXO) emerges as a promising player in the crypto market, offering innovative solutions and exclusive benefits to investors. Analysts suggest getting into the reforming market of Kelexo (KLXO) at the early stages of presale as the price will continue to rise, and it may even surpass prominent cryptos in terms of returns.

Find out more about the Kelexo (KLXO) presale by visiting the website here