July14 , 2024

Hedge fund manager deters from Bitcoin Cash & Solana but advises buying Kelexo (KLXO)

Related

Share

It’s not just crypto enthusiasts who are gripped by the speculation surrounding the Bitcoin halving and the bull run that usually follows. Hedge fund managers are also on the hunt for the next undervalued gem to invest in. While Bitcoin Cash (BCH) and Solana (SOL) might be in the running in some lists, they aren’t exactly undervalued—with both tokens sporting multibillion-dollar market capitalizations. Hedgies know that the biggest gains can be made in low-cap gems with plenty of room to run in terms of price action. One of those is a new decentralized finance protocol called Kelexo (KLXO). Learn why institutions and sharp retail investors are backing the project.

Solana (SOL) Surges Past $100

According to crypto aggregator CoinGecko, Solana (SOL) token prices increased by 21% in the past 7 days since trading at a weekly low of $79.85 last January 23rd. The past week saw Solana (SOL) reverse the bearish trend that started on January 11th, since it last traded at $105 amid the spot Bitcoin ETF approvals. Solana (SOL) recently made headlines when it launched its decentralized exchange called Jupiter, which briefly overtook Uniswap in terms of trading volume on January 29. The heightened speculation on meme coins was a major factor driving Solana (SOL) activity in recent weeks.

Bitcoin Cash (BCH) Performance Underwhelms Investors

Bitcoin Cash’s (BCH) unremarkable run of form in the past 14 days, registering a 5.8% loss as it traded at $236.55 as of January 30th. The recent Bitcoin Cash (BCH) price decline, which bottomed out at $219.73 upon the news coming out on January 23, may be related to upcoming Bitcoin Cash (BCH) repayments to Mt. Gox creditors. The lackluster price action is driving investors to search for more profitable investments.

Kelexo (KLXO) Picks Up Stage 1 Presale With 5000+ Registrants

Kelexo (KLXO) is picking up the pace with its presale, as its first stage was able to draw over 5,000 registrants entering its second week. Kelexo (KLXO) is a decentralized finance (DeFi) peer-to-peer lending protocol widely tipped by crypto analysts as having the potential to become one of the best presale investment opportunities of 2024. The DeFi lending protocol’s presale launch couldn’t have been timed perfectly, just as P2P lending is about to grow to a $250 billion industry—and just before the Bitcoin halving occurs in April.

Kelexo (KLXO) could be a major platform in onboarding new Web3 users, which is expected to drive demand for its token and see it skyrocket in price together with the impending resurgence of DeFi. With token prices still available at $0.022, time is running out for prospective investors who wish to take part in the Kelexo (KLXO) presale at the lowest possible price point. Kelexo (KLXO) prices may never be this low again—don’t miss an ideal entry opportunity to join a project that looks poised for a breakout in 2024.

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