XRP and ETH communities take advantage of Kelexo Stage 2 pre-sale opportunities

Amid market shifts, the XRP and eth communities take advantage of the Kelexo Stage 2 pre-sale, highlighting its promise in the burgeoning defi sector.

The burgeoning decentralized finance (defi) space is witnessing a surge of interest in Kelexo (KLXO)a peer-to-peer lending platform built on the ethereum (eth) blockchain.

This enthusiasm coincides with the pre-sale launch of Kelexo Stage 2, which is attracting investors, particularly those who hold established cryptocurrencies such as Ripple (XRP) and ethereum (eth). Let's explore the factors driving this influx and Kelexo's potential to disrupt defi lending.

Ripple vs. SEC

For years, Ripple and the SEC have been fighting in court: Ripple Labs responded to SEC pressure for a $2 billion fine with the claim that it should only be liable for around $10 million, citing which he considers evidence of the SEC's “continued intimidation.” towards the crypto industry.

The legal battle between Ripple and the SEC arises from allegations that Ripple raised $1.3 billion through the sale of Ripple, considered an unregistered security by the SEC.

Despite an earlier ruling by Judge Analisa Torres in New York, which found that some of Ripple's sales did not violate securities laws, the disagreement persists, and Ripple remains confident in a fair resolution in the final remedies phase. .

This back-and-forth court battle has stalled the potential growth of Ripple, a decentralized payments provider, faster than existing solutions for global institutions using its native cryptocurrency. However, its investors are flocking to Kelexo Stage 2 pre-sale for potential profit opportunities.

ethereum Price Movement and ethereum ETP Outflows

ethereum price is at $3,181 and is preparing for a possible rally. Even though ethereum ETPs saw significant outflows of $85 million in April, the cryptocurrency's recent price movement suggests a possible rally, driven by factors such as bitcoin's fourth halving and heavy wallet buying. which are suspected to be owned by Justin Sun.

While ethereum whales, including the alleged Sun wallet, have been accumulating large amounts of ethereum, investors in ethereum ETPs have been selling, with $34 million in outflows recorded in the last week alone.

This is in contrast to bitcoin, which saw inflows of $333 million likely driven by its recent halving. There is speculation surrounding a possible approval of an ethereum spot ETF in May, with some suggesting that the SEC may attempt to avoid the controversies seen with bitcoin ETF approvals earlier in the year.

Kelexo Pre-sale Stage 2

Kelexo (KLXO) is an ethereum-based peer-to-peer lending platform that offers short-term asset-backed loans, currently in its second pre-sale stage where tokens are available for $0.055 each. Interested investors can register on the website to participate in the pre-sale, which consists of five stages with increasing token prices.

Once the pre-sale is complete, the tokens will be airdropped into investors' wallets and will receive a 20% weekly return for five weeks from the project's launch. With pre-sales expected to sell out in 90 days, early investors have a tantalizing opportunity to engage with Kelexo and potentially benefit from its future market expansion.

Ripple and ethereum holders can take advantage of Kelexo in several ways:

● Users can earn interest on their holdings by supplying Ripple or ethereum to the lending pool.

● Users can borrow against their existing holdings of Ripple or ethereum to access additional capital without needing to sell their assets.

● Exposure to emerging defi projects

For more information, visit Kelexo. website.