The cryptocurrency market has been on a hot streak in the past few months. Uniswap (UNI) recently hit a 2-year high, while Stellar (XLM) was added to loanable assets by Binance, the world’s largest exchange by traded spot volume. Away from the major cryptocurrencies, Kelexo (KLXO) is tipped to make 20x gains as interest in its presale surges.
This article takes a closer look at the predicted future price movements of Uniswap (UNI), Stellar (XLM), and Kelexo (KLXO).
Uniswap (UNI) Hits a 2-Year High
Uniswap (UNI) experienced a notable surge as it rallied to $16,70 on March 6th, reaching levels not seen since January 2022.
Over the last week, Uniswap (UNI) surged 38% after its price increased from $10.86 on February 29th to $15.02 on March 7th.
This uptick in the price of Uniswap (UNI) is attributed to a proposal from the Uniswap Foundation to enhance the protocol’s governance, specifically for fee redistribution, aiming to foster increased community engagement.
The proposed upgrade focuses on distributing protocol fees to Uniswap (UNI) token holders, a move designed to incentivize those who have staked and delegated their tokens.
Despite the price surge, analysts claim that Uniswap (UNI) still has some fuel in the tank, although it should not be expected to pull 20x returns. Investors looking for such big gains are encouraged to look at Kelexo (KLXO).
Stellar (XLM) Added to Binance’s Loanable Assets
Binance, the world’s largest cryptocurrency exchange, has expanded its range of loanable assets on Binance Loans to include several assets such as Stellar (XLM).
Users eager to leverage these new opportunities and loan their Stellar (XLM) tokens are required to update their Binance app to the latest version.
This move could potentially boost the price of Stellar (XLM) as investors would be incentivized to hold their Stellar (XLM) coins instead of selling.
Stellar (XLM) is up 31% in the last month after its price increased from $0.108 on February 8th to $0.1409 on March 7th. Analysts predict that Stellar (XLM) is likely to increase in value as long as the market is in its bullish phase.
20x Gains Projected for Kelexo (KLXO)
Kelexo (KLXO), an upcoming lending platform, is tipped to experience substantial growth with a projected surge of 20x.
The market dynamics are in favor of such a move. First, Kelexo (KLXO) is an innovative P2P platform that connects lenders and borrowers. As the platform does not require any identifying information, more people are expected to utilize it.
It helps Kelexo (KLXO) to generate more revenue, making the Kelexo (KLXO) token more valuable. Investors will buy Kelexo (KLXO) tokens as they can make passive income from holding the tokens.
This is because Kelexo (KLXO) token holders have a right to a share of the revenue made by the platform.
Investor interest has seen the Kelexo (KLXO) presale progress to stage 2, where each token goes for $0.04. Analysts are firmly confident that Kelexo (KLXO) will yield potential 20x gains for its holders, especially those who buy early.
Find out more about the Kelexo (KLXO) presale by visiting the website here
