A major driving force for the prices of some cryptocurrencies is the hype around the coins. This hype creates a buying frenzy that leads to an increase in the prices of these coins. Many, if not all, meme coins usually benefit from this strategy to see an uptick in the market charts. However, many investors know that massive profits come from projects with real utility.
Investors are buying into the new Kelexo (KLXO) for its potential for massive gains as the new lending platform plans to dominate its industry. Dogecoin (DOGE) and Shiba Inu (SHIB) enthusiasts have identified Kelexo as a great project to reinvest the profits made this month.
Whale activity lifts Dogecoin (DOGE) price
Dogecoin is counting monthly gains of about 75.45%. The ninth-largest cryptocurrency by market capitalization is currently trading at $0.1484. The whales seem to be active in the DOGE market, as the number of transactions worth $1 million and more has increased by about 600% in the last month alone.
This increased activity of large investors in the market is expected to grow the price of Dogecoin, with analysts predicting the popular meme coin could reach $0.600 in a few months.
Increasing Shiba Inu (SHIB) activity
There has been so much activity within the Shiba Inu network. It is reported that more than two trillion SHIB tokens have changed hands in only a few days. The network has recorded several large transactions and analysts are predicting that this whale activity might be good for the price of thsee token.
SHIB is selling at $0.00002622, recording gains of up to 170% in the last month. It has a 7-day trading volume of $10.05 billion.
Kelexo (KLXO): the innovative solution to lending problems
Kelexo is an innovative lending platform that seeks to transform the borrowing experience into a seamless and stress-free process.
Unlike traditional methods that require longer processing times due to bureaucracy and third-party interference, it is introducing a fully decentralized model that will help provide loans faster and at lower costs.
This project is a success story waiting to happen and analysts predict that its rise will not only be astronomical but will also rival that of top cryptocurrencies in the industry.
Kelexo (KLXO) investors are in luck as they can purchase a token of Kelexo at a giveaway price of only $0.05 while the coin is in its second stage of presale. Aside from the enormous profits that are sure to come from these tokens, the holders will also be able to determine the future of the platform through their votes and suggestions.
The price of KLXO could rise soon, so hurry up and get a token while it is still available for a cheap price.
Find out more about the Kelexo (KLXO) presale by visiting the website here.