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An investment fund has invested 20% of its portfolio in Kelexo (KLXO), a new crypto project. Experts believe Kelexo has the potential to reshape decentralized finance (defi). Meanwhile, Solana (SOL) and ethereum (eth) are considering KLXO, as seen in the ongoing pre-sale, which has attracted over 5,000 initial holders.
ethereum hits $2,300
ethereum is a popular smart contract platform.
However, it has been under pressure, falling 5% in the last two weeks.
Some investors who joined the eth bandwagon late are now looking for alternatives.
Solana network activity decreases
Artemis, an institutional data platform, notes that the number of daily active addresses on Solana fell from 1.2 million to 920,000 between January and early February.
This decline in network activity and nft transactions could indicate a decline in interest, which could impact SOL prices.
Kelexo has more than 5,000 new owners
Kelexo's pre-sale is sparking investor interest: more than 5,000 people signed up in February.
Kelexo offers a unique solution for peer-to-peer lending, making it easy for borrowers and lenders to connect and get loans without any middlemen, KYC or credit checks.
Lenders list their loans on the marketplace, indicating the amount, loan terms and long-term value they want, while all borrowers need to do is shop for the loan that best suits their needs.
KLXO is currently trading at $0.022 in the ongoing pre-sale.
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