Litecoin and Cardano traders eye Kelexo amid market volatility
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As Easter weekend unfolds, Litecoin (LTC) and Cardano (ADA) investors turn to Kelexo (KLXO) amid market fluctuations, seeking opportunities amidst crypto turbulence.
As the Easter weekend unfolds, the crypto industry remains filled with opportunities. The leading digital assets are slowly showing signs of recovery after a dip.
The slump was caused by the U.S. government filing criminal charges against the crypto exchange KuCoin and its founders.
This left investors rattled, while others who have been in the game for a long time know these things are bound to happen as the market matures. While this was happening, Litecoin and Cardano’s investors were doubling down on buying Kelexo tokens during its ongoing presale.
Litecoin gets a boost from CFTC and Coinbase Institutional
In a significant legal maneuver, the Commodity Futures Trading Commission (CFTC) has designated Ethereum and Litecoin as commodities in its ongoing lawsuit against KuCoin.
This declaration bodes well for Litecoin’s future, as Coinbase Institutional also gave it a major vote of confidence.
Coinbase Institutional announced that it was listing Litecoin Futures on its platform. These two events have helped restore investor confidence in Litecoin. At the time of writing, Litecoin is up 11% in the past seven days and is exchanging hands for $95.16 per coin.
Why Cardano fails to break above $0.7
As the Cardano price dips below the psychological threshold of $0.7, a plausible explanation emerges for this downturn. Cardano reached a monthly peak of $0.8 on March 14 but has been declining since then, leaving investors wondering if it has the potential to rise again.
The crypto analytics platform Santiment claims that a reduction in whale transactions ($100,000 and above) on the Cardano network has declined since March 14th.
This may indicate that Cardano whales are profit-taking, leaving the top-ten cryptocurrency vulnerable to a prolonged price drawdown.
Kelexo to soar 50x after easter holidays
Analysts have tipped Kelexo to surge at least 50x at the blow-off top of the current bull market. These projections stem from Kelexo’s practical offering and growing demand for its token during the ongoing presale.
Kelexo is a lending and borrowing platform that prioritizes user-friendliness without the burden of traditional KYC requirements.
By eliminating the need for identification documents, Kelexo broadens its appeal to a wider demographic, fostering inclusivity within its platform.
This will help Kelexo generate more revenue and increase its appeal to investors who will be entitled to a share of the platform’s revenue.
With each token going for $0.05 in stage 2 of the presale, investors are piling into Kelexo because they anticipate huge gains when it starts trading on the open markets.
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