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As the pre-sale of Kelexo's lending platform attracts huge interest from Aave investors and ethereum whales, it is poised to challenge Aave's dominance in the crypto lending space.
People and businesses in the cryptocurrency market need access to credit offers. Platforms like Aave (AAVE) are doing it, but there is still a lot of room for improvement.
In this article we explore Kelexo (KLXO), an innovative peer-to-peer (P2P) protocol that aims to meet the needs of the market. We discuss their approach and the interest of Aave (AAVE) investors and ethereum (eth) whales in their ongoing pre-sale.
Aave investors believe in Kelexo's unique approach
Aave has been on a downward trajectory for most of the past week. The price of it has fallen by 11%, from $128 to $114. Over the last month, it has fallen 6%. The trading volume trend indicates that recovery may finally be around the corner, up 30% in the last day alone.
Aave last set an all-time high three years ago, in May 2021. Its price peaked at $666, but has fallen more than 80% since then. This impressive feat was linked to the 2020 bitcoin Halving Event. The bitcoin Halving Event is here again and will take place on April 20. Investors are already anticipating huge profits.
Like Kelexo, Aave is also focused on providing liquidity and credit offerings to the crypto market. Some Aave investors believe that Kelexo will take over the market due to its unique approach and are already investing heavily in its pre-sale.
ethereum Whales Take Huge Positions in Kelexo Pre-Sale
ethereum has also recorded negative price movements in the last week and month. It has fallen 5% in the past week from $3.49k to $3.32k and more than 12% in the last month. The last time it traded at this price was at the end of February. However, investors are taking advantage of this crisis. This can mainly be seen in its positive trend in trading volume, an increase of 40% in the last day.
ethereum investors also want to take advantage of the bitcoin halving event. Some expect the token to set a new all-time high, a feat it failed to achieve in last month's rally. In particular, some ethereum whales are getting involved and taking huge positions.
Some whales are also choosing to take large positions in the Kelexo pre-sale. They believe the nature of Kelexo would enrich their portfolio and maximize profitability in the second quarter.
Kelexo emphasizes transparency and decentralized governance
Kelexo is a revolutionary peer-to-peer lending protocol that eliminates all the heavy compliance processes common to banks and other traditional lending institutions. It aims to leverage lenders' digital assets for decentralized loan acquisition and connect borrowers directly with them. Kelexo is distinguished in the industry by its emphasis on transparency and decentralized governance.
He presale is still ongoing, but is already in its second stage, offering tokens at a discounted price of $0.05. Investors can take advantage of this price and join the Aave and ethereum whales. The platform has already been audited by a reputable company that ensures security from bad actors.
For more information, visit Kelexo. presale or the website.
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