With crypto juggernauts like Solana (SOL) and Polygon (MATIC), gaining market ground by other tokens is a feat to relish. Kelexo (KLXO), a token at the presale stage, is making a record with over 3,500 sign-ups and 1,000 investors and counting jumping into its presale. Here is why this market shift is happening
Is Polygon (MATIC) unleashing historical strength?
Judging by market movement, Polygon (MATIC) is set to experience a breakthrough in the coming weeks. Currently selling at $0.7953 per token, Polygon (MATIC) is witnessing a growing increase in value. As of writing, Polygon (MATIC) is ranked #14 by market capitalization with a 30.34% increase in daily trading volume. Analysts have claimed this increase is due to Polygon (MATIC) exhibiting bullish potential.
The suggested vital level for Polygon (MATIC) is the $0.8 mark, meaning the token could go as high as $2.8 in Q1 2024. For investors, the current trend of Polygon (MATIC) will be to rally around the strength of the token as of 2021. Top analysts have said the token is experiencing the same volatility now as it did then.
Solana (SOL) remains strong despite the market dip
Solana (SOL) is a cryptocurrency that has made its mark in the crypto ecosystem. Designed to improve the scalability of the Ethereum network, Solana (SOL) uses the proof of history with an underlying proof of stake mechanism. Solana (SOL) is one of the first platforms to use both mechanisms for transactions in the crypto community. This is why crypto enthusiasts are sentimentally attached to Solana (SOL). With this, Solana (SOL) has been on a bountiful value increase in the crypto market.
Superseding slated critical level points, Solana (SOL) has in the past hit a daily trading value higher than that of Ethereum. Currently trading for $97.14 per token after a 5.66% increase in market value, Solana (SOL) is on track to hit the $125 price prediction for Q1 2024. With this ascent, Solana (SOL) is the #5 most potent token, with its total market value at $42 Billion. However, rumor has it that Solana (SOL) holders are buying into the Kelexo (KLXO) presale.
Why Kelexo (KLXO) ascent in the crypto market is not surprising
Kelexo (KLXO) is the native token of the first-ever crypto lending platform on Web3. With the advent of Kelexo (KLXO), crypto users now have a platform to take loans and do business without worrying about rigorous processes and documentation. Kelexo (KLXO) has simplified its processes as much as possible. The platform doesn’t ask for documentation or credit scores. Users will not undergo a KYC process, yet the platform is secured. Kelexo (KLXO) transaction records will be open to the public to keep all users honest.
As of writing, Kelexo (KLXO) is a few days into its presale. Currently selling for $0.022 per token, analysts have mentioned that the token’s potential to grow cannot be understood. As a crypto enthusiast, this is the best time to buy into the presale. Kelexo (KLXO) will only have 444 Million tokens in supply throughout its lifetime.
Find out more about the Kelexo (KLXO) presale by visiting the website here