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As Kelexo’s lending platform presale draws massive interest from Aave investors and Ethereum whales, it’s poised to challenge Aave’s dominance in the crypto lending space.
Individuals and businesses in the crypto market need access to credit offerings. Platforms like Aave (AAVE) are doing this, but there is still huge room for improvement.
In this article, we explore Kelexo (KLXO), an innovative peer-to-peer (P2P) protocol that intends to meet the needs of the market. We analyze its approach and the interest of Aave (AAVE) investors and Ethereum (ETH) whales in its ongoing presale.
Aave investors believe in Kelexo’s unique approach
Aave has now been on a downward trajectory for most of the past week. Its price has fallen 11% from $128 to $114. Over the past month, it has dropped by 6%. The trading volume trend indicates that recovery may finally be around the corner, up 30% in the past day alone.
Aave last set an all-time high three years ago in May 2021. Its price peaked at $666 but it has fallen over 80% since then. This impressive feat was linked to the Bitcoin halving event of 2020. The Bitcoin halving event is here again, set to take place on April 20th. Investors are already anticipating huge returns.
Like Kelexo, Aave is also focused on providing liquidity and credit offerings to the crypto market. Some Aave investors believe Kelexo will take over the market due to its unique approach and are already shifting huge investments into its presale.
Ethereum whales take up huge positions in Kelexo presale
Ethereum has also recorded negative price movements in the past week and month. It has fallen 5% in the past week from $3.49K to $3.32K and over 12% in the past month. It last traded at this price in late February. However, investors are taking advantage of this downturn. This can be seen mostly in its positive trading volume trend, up 40% in the past day.
Ethereum investors also want to exploit the Bitcoin halving event. Some are expecting the token to set a new all-time high, a feat it failed to accomplish in last month’s rally. Notably, some Ethereum whales are getting involved, taking up huge positions.
Some whales are also choosing to take up huge positions in the Kelexo presale. They believe that Kelexo’s nature would enrich their portfolio and maximize returns in Q2.
Kelexo emphasizes transparency and decentralized governance
Kelexo is a revolutionary peer-to-peer lending protocol that removes all the heavy compliance processes common to banks and other traditional lending institutions. It aims to leverage the digital assets of lenders for decentralized loan acquisition and connect borrowers directly to them. Kelexo distinguishes itself in the industry through its emphasis on transparency and decentralized governance.
The presale is still ongoing but is already in its second stage, offering tokens at a discounted price of $0.05. Investors can take advantage of this price and join Aave and Ethereum whales. The platform has already been audited by a reputable company ensuring safety from bad actors.
To learn more, visit the Kelexo presale or the website.
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