A lot of eyes are set on Ethereum (ETH) and its potential to outperform in the current bull run. Strong base prices are supporting all the newly emerged decentralized economies. The rise of Tether (USDT) supply is also giving a boost to the markets, with inflows of more than $1B reaching exchanges. Crypto buyers show indication of seeking new projects Kelexo (KLXO) lending platform presale may turn into one of April’s most promising investments.
Tether (USDT) Shows Support for Q2 Extended Rallies
Tether (USDT) remains the leading stablecoin, with more than three times the supply of USD COIN (USDC), its main competitor. Tether (USDT) is extremely important for the Ethereum (ETH) ecosystem, where most of the tokens are minted, but has also flowed into other decentralized projects as a wrapped asset.
A robust supply of Tether (USDT) is key to a steady rally. So far, the leading stablecoin has kept its peg, with only minor fluctuations down to $0.99, which are temporary. Tether (USDT) can also be kept as a store of value, while traders wait to discover the next project.
All eyes are watching for new Tether (USDT) mints; the last one happened on April 3rd, injecting another $1B in funds. During this market cycle, the supply of stablecoins reached an absolute peak, after going through multiple stress-tests. Now, stablecoins are seen as an indispensable tool for open finance.
Ethereum (ETH) Investors Show Readiness for Long-Term Holding
Ethereum (ETH) is a complex interplay of mining, staking liquidity projects. In 2024, the network will preserve mining, while also locking up batches of 32 tokens for long-term staking.
Additionally, daily fee burns serve to decrease the supply of Ethereum (ETH). At the current rate of burns and new token creation, there are 120M of tokens on the market, with strong incentives to lock tokens for liquidity provider rewards, or for staking.
The current bull cycle brought Ethereum (ETH) to a peak above $4,052. After that, the token retreated to the $3,300 range. Bearish sentiment reappeared, but funds are still seeking opportunities within the main coin ecosystem.
Ethereum (ETH) remains the main arena for decentralized projects and retains the biggest share of DEX, liquidity mining Web3 value transfers. The token is also one of the safest on-ramps and off-ramps for trading.
Kelexo (KLXO) Speeds Up Loan Process with Unique Investment Opportunity
When it comes to value and innovation, the Web3 boom gave invaluable lessons. Both investors and users seek seamless experiences with a minimum amount of steps.
Kelexo (KLXO) is the answer to the demand for modern Web3 projects with a long-term vision. Now, only 440M tokens are available for a promising decentralized loan market. Access to tokens will be further restricted by locking Kelexo (KLXO) team allocation for 500 days.
Kelexo (KLXO) aims to offer incentives to both long-term holders and loan providers, as well as build a series of challenges and milestones with rewards. Joining that opportunity is now open in the form of a presale, at a discounted price of only $0.05, available here.
