Solana (SOL) and Ripple (XRP) are among the biggest names in crypto. But they won’t be candidates to make eye-watering gains in 2024 due to their massive market capitalizations. The biggest gains will be found in low-cap cryptos with serious room to grow. Solana (SOL) and Ripple (XRP), meanwhile, have already mooned and are trading well below their all-time highs. Market analysts believe that a new decentralized finance protocol called Kelexo (KLXO)—currently in its stage 1 presale phase—could be one of the top performers of 2024.
Solana (SOL) New Users Reach New Highs in January
Solana (SOL) managed its second-highest recording of new wallet addresses in January. According to blockchain analytics outfit Hello Moon, over 10 million new Solana (SOL) addresses appeared in January 2024, representing its highest since May 2022’s figures of 11.7 million. This has coincided with Solana (SOL) prices recovering from a December 2023 high of $126 to a January low of $78.90. Solana (SOL) is trading 63% below its all-time high of $259.96, or $97.86 per SOL token, as of this writing.
Another Slow Weekend for Ripple (XRP) Holders
Ripple (XRP) fell by 1.6% in the past 24 hours, as Ripple (XRP) was changing hands at $0.521. Ripple (XRP) was unaffected by the recent resurgence most altcoins made over the past week after a severe correction. Analysts believe the sub-par price action in Ripple (XRP) prices are a result of its legal woes, particularly its case with the United States SEC, continuing its poor form in the past 30 days. Ripple (XRP) is down -15.2% on the month, making holders a bit antsy.
Kelexo (KLXO) Brings DeFi P2P Lending to the Masses in 2024
Kelexo (KLXO) is a new decentralized finance (DeFi) lending protocol making its debut with the launch of its presale. A growing number of market analysts predict Kelexo (KLXO) could be one of the top candidates for best-performing new crypto of the year. Thus far, Kelexo (KLXO) has attracted 4000+ new holders within the first several weeks of launching, indicating a growing interest in the lending platform. Kelexo’s (KLXO) launch is at a perfect time, with the Bitcoin halving in April expected to bring about a new bull run in 2025.
Market analysts believe Kelexo (KLXO) could be a major flashpoint for onboarding new Web3 and DeFi users in 2024. The Kelexo (KLXO) decentralized lending marketplace is expected to play in the DeFi space in the coming years. The revolutionary P2P lending platform expected to capture a not-insignificant part of the $250 billion P2P lending industry, which could deliver a 50x performance for its DST token in the next bull run.
The event offers the ideal entry opportunity into a project on the verge of a breakout in 2024. With a launch price of $0.022, the Kelexo (KLXO) presale offers presale investors a discounted entry point, allowing them to get more bang for their investment buck.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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