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While bitcoin (btc) is discussing a possible new chapter of post-halving woes and ethereum (eth) gets bullish price forecasts thanks to ETF possibilities, Kelexo draws attention to itself with the launch of its innovative web3 lending platform, which aims to disrupt finance through decentralized lending. KLXO is changing hands at $0.028 in the first stage of its pre-sale.
Kelexo prioritizes user assets, security and ecosystem governance.
JP Morgan predicts bitcoin challenges after halving
JP Morgan's latest research report raised concerns that the upcoming bitcoin halving event, expected in April, will have a potential negative effect.
The bank has suggested that a decrease in miner rewards and higher production costs will drive down bitcoin prices.
The report estimates that the post-halving production cost could drop to $42,000 with this, in addition to projecting a 20% decrease in the network's hash rate.
This scenario could pose challenges for bitcoin miners as those with higher costs struggle, while larger publicly traded miners are expected to gain market share after the halving.
Spot ethereum ETF Bullishness Boosts Price
Prominent market analyst and television personality Jim Cramer has expressed hope that ethereum exchange-traded funds (ETFs) will perform as well as bitcoin spot ETFs.
This came against the backdrop of ethereum price surpassing $3,400.
In the wake of this disruption, Coinbase has sought approval from the SEC to list Grayscale ethereum (eth) Trust on NYSE Arca and become the latest company to express interest in implementing ethereum-based investment products.
Looking ahead, eth may rise to $4,000 on the prospects of ethereum spot ETF approval in 2024.
Kelexo and DeFi
Kelexo offers a peer-to-peer (P2P) lending solution, which avoids all the hassles associated with traditional banks.
In the ongoing Kelexo presaleKLXO is available for $0.028.
The platform prioritizes decentralization and transparency to solve the prevailing problems among lending systems, attracting investors as a result.
KLXO is in limited supply. Analysts are already bullish on the token.
Conclusion
Kelexo is a transformative force that can define the new norms of banking and promote financial inclusion through decentralized solutions.
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