The decentralized finance (DeFi) lending marketplace Kelexo (KLXO) is fast heating up after its presale has drawn significant investment from retail investors, institutions and whales. An unidentified Ethereum (ETH) whale, based on on-chain statistics, has invested the amount of 100 Ethereum (ETH) in Kelexo (KLXO), positioning it for a big run that could outdo Polygon (MATIC) in 2024.

KLXO tokens are currently available at $0.022, giving prospective investors a great entry opportunity to a project that could make big gains this year.

Polygon (MATIC) was one of the altcoins that made solid gains in the past week. As per CoinGecko data, Polygon (MATIC) prices have risen by 1.7% in the past 24 hours, with the L2 platform’s native token trading at $0.824 at press time. Investors bullish on Polygon (MATIC) have been driving up the buy-side pressure which has buoyed Polygon (MATIC) prices staying above support at $0.80.

Market analysts await Polygon’s (MATIC) next upward movement to $0.90. Should Polygon (MATIC) prices break past this level, Polygon (MATIC) could retest resistance at $1, which it last attained on January 2, 2024.

Altcoins played a major role in the resurgence of the total crypto market capitalization to $1.61 trillion to $1.72 trillion in the past week—but Ethereum (ETH) was NOT one of them. Mustering  relatively tame 0.3% and 3.7% increases in the past 24 hours and 7 days, respectively.

Per CoinGecko, Ethereum (ETH) was trading at $2,310 and sporting a $290 billion market capitalization as at press time. Compared to other altcoins like Avalanche (AVAX), which has gained over 25% since January 11th, Ethereum (ETH) is objectively losing ground to other L1 platforms and new projects with higher upside potential.

Kelexo (KLXO) is fast gathering a full head of steam, with on-chain data showing an Ethereum (ETH) whale injecting 100 Ethereum (ETH) into the KLXO token presale launch. Market analysts believe that the whales are coming to take advantage of Kelexo’s (KLXO) attractive launch prices of $0.022 and its massive potential to set the DeFi world alight with its unique value proposition.

Kelexo (KLXO) is building the premier decentralized P2P lending marketplace that democratizes credit for everyone. No KYC is needed and neither are any identification documents required. This removes the barriers that lending platforms and services are often hamstrung with.

Lenders simply list the loan on the marketplace, specify the amount of funds they are willing to lend, their interest terms, term length and long-term value they desire. It takes just two minutes for borrowers and lenders to conduct lending and borrowing operations on Kelexo (KLXO)—and market analysts believe it’s the future of decentralized lending. Bullish estimates suggest KLXO to trade at the $1 range in 2025—representing a 50x increase from its launch prices.

Team token allocations have been locked for 500 days and a lifetime liquidity lock will be implemented on the platform. With whales fast moving in, Kelexo’s (KLXO) total token supply of 440,000,000 may very well run out before the presale ends.

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

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The post Ethereum (ETH) holder puts over 100 ETH into Kelexo (KLXO) for big gains in 2024, while Polygon (MATIC) future looks bleak appeared first on CaptainAltcoin.

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