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Kelexo (KLXO) is seeing an influx of Solana investors to its pre-sale thanks to the recent volatility ethereum has faced.
Investors are confused right now as even more changes occur. Higher volatility means greater risk exposure and this can result in more returns or losses. In any case, investors must be very careful to ensure that they do not suffer serious losses.
For today's market, the best way to make profits is to be aware of the different currencies and their respective prospects. Even if investors don't know all the options, they should at least know the most prominent tokens, such as ethereum and Solana, which tend to have a lot of upside. They should also be aware of new emerging options with decent potential like Kelexo.
Our analysis highlights this information to make readers more aware.
The eth rebound
The layer 1 blockchain network, ethereum, created by Vitalik Buterin, has been one of the most sponsored blockchains. It seems that both investors and developers like ethereum for many reasons. Despite recent declines, this remains true.
ethereum had fallen to around $3,300 per unit during the market crash. However, it is now experiencing a rally that could restart its rise to the top. ethereum is trading at $3,347.97 per unit at press time. It is down about 9% compared to a week ago.
Solana retraces her steps
Solana is a fast-growing alternative to ethereum, designed to run fast and have lower fees. With the popularity of ethereum came an unprecedented amount of traffic, but also complaints about its fees. Solana emerged to change this and offer a fast and affordable network.
To some extent, many of the same problems have extended to Solana. It has recently begun to experience more network congestion. Price-wise, Solana is trading at $170.70 at press time, a small drop from its previous position, closer to $180. It had surpassed $200 last week, but is now struggling to keep up.
Kelexo gains ground
When talking about the most valuable tokens today, one name that comes up is Kelexo. He is a newcomer and a new entrant in the DeFi scene, but he has a lot of potential that could make him better than other options. Unlike ethereum and Solana, Kelexo has a largely untapped supply.
Whether they are lending or borrowing, users can benefit greatly from Kelexo and its decentralized payment system. Low fees benefit both parties, borrowers don't have to pay much on top of the loan, and lenders keep their profits intact. In both cases, they can get those funds instantly.
Kelexo has now entered the second stage of its pre-sale. This comes after a great stage with thousands of units sold.
To learn more about this project, visit the Kelexo website
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