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Investors in the USA and China, two of the world’s biggest economies with a combined GDP of $43.4 trillion, are switching their crypto holdings from Ethereum (ETH) and Cardano (ADA) to Kelexo (KLXO), a promising Web3 lending platform tipped to be one of the top coins to buy in 2024.
Let’s explore what makes Kelexo (KLXO) a top pick over Ethereum (ETH) and Cardano (ADA).
Summary
SEC-Compliant Crypto Firm Picks Ethereum (ETH)
Prometheum Inc., the only SEC-compliant crypto firm in the U.S., has chosen Ethereum (ETH) to be the first digital asset that it will handle on behalf of its clients starting at the end of March. This is projected to boost Ethereum’s (ETH) standing among retail and institutional investors.
The positive development can potentially drive up the price of Ethereum (ETH), the second-largest blockchain by market cap. Ethereum (ETH) saw its price surge from $2,245.17 on February 1 to $2,364.45 on February 7, indicating a gain of 5.31%.
Despite this, analysts have stated that Ethereum (ETH) has little room to wiggle, leaving its investors scrambling to cash out and buy Kelexo (KLXO).
Cardano (ADA) Falls 19% Year-to-Date
The start of the year has not been kind to Cardano (ADA), a proof-of-stake blockchain platform that wants to bring about positive global change. Cardano (ADA) has fallen 19% year-to-date (YTD) after its price decreased from $0.5942 on January 1 to $0.4814 on February 7.
Analysts have sounded the alarm bells by claiming that the price of Cardano (ADA) could fall to $0.4 or below. As its profits dwindle, investors are pulling the plug on their Cardano (ADA) investment. This is especially true for short-term investors who don’t have the patience to hold for a long time.
This has seen some Cardano (ADA) investors in the USA and China re-allocating their holdings to new cryptocurrencies such as Kelexo (KLXO).
Is Kelexo (KLXO) the Best Crypto Investment in 2024?
Every crypto investor is interested in picking the top crypto coins. Kelexo (KLXO), a Web3 marketplace that will connect lenders and borrowers, has all the signs of a future blue-chip cryptocurrency.
Kelexo (KLXO) is aiming to fulfill the true ethos of crypto by offering its services to the underbanked and underserved. To achieve this, it will offer lending and borrowing services to people with a poor credit history and will not require the KYC procedure on its platform.
Fees on the platform are lower than on Kelexo’s (KLXO) competitors. By helping a broad range of individuals to participate in the financial markets, Kelexo (KLXO) will become a force to reckon with in the DeFi space.
What makes Kelexo (KLXO) even more appealing to investors is that it will share its revenue with presale investors for as long as they hold the tokens. Investors can own Kelexo (KLXO) tokens by buying for a low price of only $0.022 during the ongoing and highly subscribed presale.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
*This article was paid for. Cryptonomist did not write the article or test the platform.
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