A minor pullback in cryptocurrency prices has been followed by a slight rebound for many altcoins across the board, indicating what could be a slow and steady recovery in the near future. Ethereum (ETH) Layer-2 scalability platform Arbitrum (ARB) is one of the recent gainers that could make a lot of noise in 2024.
Meanwhile, a newly-launched DeFi protocol has been making a name for itself after garnering 4,000+ presale participants in the first week of its launch and market analysts predict it could be one of the best-performing new tokens of 2024. It’s called Kelexo (KLXO) and it’s tipped for major growth this year.
Arbitrum (ARB) Tapers Off After Hot Start to January
Arbitrum (ARB)’s total value locked (TVL) surged from $1 billion to $2.44 billion last January 10th, according to data from DeFi aggregator DefiLlama. This coincided with a massive run for Arbitrum (ARB) prices, which rose from $1.83 to $2.37. However, the surge in momentum tapered off in the past week, falling from $2 to around $1.73 in the past 48 hours. Since then, Arbitrum (ARB) regained $1.83 where it trades as of this writing.
Nevertheless, Arbitrum (ARB) remains one of the top DeFi projects to watch in 2024. Arbitrum (ARB) is expected to play a major role in the DeFi ecosystem as the leading L2 network.
Kelexo (KLXO) To Make Serious Waves in DeFi in 2024
It’s not just Arbitrum (ARB) that’s poised to make waves in DeFi this year. Kelexo (KLXO) is taking DeFi P2P lending to the next level with its innovative P2P lending marketplace. The newly-launched project is also expected to play a major role in the next DeFi boom through its marketplace by provisioning loans and connecting borrowers and lenders under an intuitive platform.
The best part? Kelexo (KLXO) has just recently launched stage 1 of its much-awaited presale, which figures to be one of the hottest investment opportunities of 2024. Just one week into its launch, Kelexo (KLXO) has drawn 4,000+ presale participants, indicating a massive groundswell of support for the project.
The project’s native token, Kelexo (KLXO), is available at an introductory price of just $0.022 as of stage 1. The price is an ideal entry opportunity for investors looking to make serious coin in 2024 by giving them the earliest possible chance to be part of Kelexo (KLXO). Market analysts believe Kelexo (KLXO) has what it takes to go on a parabolic run and trade around the $0.50 to $1—and potentially more—when the next bull run arrives after the Bitcoin halving in April.
Kelexo (KLXO) has secured the future of its platform by implementing a lifetime liquidity lock, while applying a team token lock for the next 500 days. This ensures the survival of the platform and the safety of user funds. All things being considered, Kelexo (KLXO) is one of the can’t-miss prospects of 2024.
Find out more about the Kelexo (KLXO) presale by visiting the website here
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.