Celsius

Bitcoin ETF

Polkadot

Polygon

Spot

Polkadot (DOT) and Polygon (MATIC) are facing stiff, bearish headwinds to start the year, leading market analysts to believe that both tokens could lose ground to newer, more innovative projects that have more significant potential to go on a parabolic run ahead of the next bull run. Presale opportunities can be among the most lucrative opportunities in 2024—and thus far, crypto analysts predict that the newly launched decentralized Web3 lending protocol <a href="https://kelexo.com/" rel="noopener noreferrer nofollow">Kelexo</a> (KLXO) could make a parabolic run this year. Here’s why:
<h2 id="polkadot-dot-experiencing-topsy-turvy-price-action">Polkadot (DOT) Experiencing Topsy-Turvy Price Action</h2>
Polkadot (DOT) started the year on a strong note, rising to a monthly high of $8.74 on January 2nd. A week later, Polkadot (DOT) witnessed a substantial 24% decline by January 8th to trade at $6.67. Polkadot (DOT) prices haven’t broken out of this bearish trend even as the speculation surrounding the Bitcoin ETF was approved. The negative trend for Polkadot (DOT) continues as at press time, with Polkadot (DOT) recording another decline to $6.60—despite the marked growth in the Polkadot (DOT) ecosystem.
<h2 id="polygon-matic-down-15-in-past-7-days">Polygon (MATIC) Down 15% in Past 7 Days</h2>
Polygon (MATIC) is down 15% in the past week, dropping from $0.89 to $0.74 at press time. Market analysts believe one of the contributors causing the sharp drop-off in Polygon (MATIC) prices is bankrupt lender Celsius, potentially liquidating a sizable chunk of its Polygon (MATIC) holdings. Crypto research outfit Spot on Chain reported that Celsius transferred 25.75 million Polygon (MATIC) between Binance and Crypto.com to repay its creditors.
<h2 id="highly-anticipated-kelexo-klxo-presale-event-launches-at-stage-1">Highly-Anticipated Kelexo (KLXO) Presale Event Launches at Stage 1</h2>
Market analysts are tipping <a href="https://kelexo.com/" rel="noopener noreferrer nofollow">Kelexo</a> (KLXO) to be one of the year’s best-performing <a href="https://presale.kelexo.com/register" rel="noopener noreferrer nofollow">presale</a> events of the year with its innovative Web3 marketplace connecting loan lenders and borrowers without the traditional intermediaries associated with the lending and borrowing industry. This means Kelexo (KLXO) users can enjoy a wide array of lending and borrowing actions governed entirely by smart contracts—without the hassle of KYC or having to deal with layers upon layers of approvals. Kelexo (KLXO) will grant eligible individuals access to credit facilities 24/7 365 days a year.
Kelexo (KLXO) breaks down the barriers hindering individuals from accessing credit facilities. Kelexo’s (KLXO) revolutionary marketplace empowers disenfranchised individuals who lack access to banks and lending institutions. Kelexo’s (KLXO) decentralized lending platform, through blockchain technology and smart contracts, eliminates the need for intermediaries like loan brokers or officers, enabling seamless and transparent transactions between lenders and borrowers.
Market analysts believe Kelexo (KLXO) and its unique value proposition, not to mention the much-needed solution it provides to the market, positions it for exponential growth in 2024. The Bitcoin halving cycle has historically triggered bull runs in 2016 and 2017, 2020 and 2021, and 2024 and 2025 are no different. With Kelexo (KLXO) tokens available at $0.022 at stage 1 and a growth trajectory that can see it reach $0.50 by the end of 2024, presale investors are expected to line up for one of the year’s best investment opportunities.
Find out more about the Kelexo presale by visiting the website <a href="https://kelexo.com" rel="noopener noreferrer nofollow">here</a>
The post <a href="https://thecoinrise.com/analysts-predict-polkadot-dot-and-polygon-matic-to-be-overtaken-by-new-presale-kelexo-klxo/" rel="noopener noreferrer nofollow">Analysts predict Polkadot (DOT) and Polygon (MATIC) to be overtaken by new presale Kelexo (KLXO)</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Analysts predict Polkadot (DOT) and Polygon (MATIC) to be overtaken by new presale Kelexo (KLXO)

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