Future

Solana

DeFi

Monero

Monero (XMR) plummeted in the wake of its delisting on Binance (BNB), while Solana (SOL) is on the rise as February rolls in. Meanwhile, a growing number of industry analysts are backing a newly-launched decentralized peer-to-peer lending protocol to become one of the biggest gainers of 2024 in the form of <a href="http://kelexo.com" rel="noopener noreferrer nofollow">Kelexo (KLXO)</a>, whose <a href="https://presale.kelexo.com/login" rel="noopener noreferrer nofollow">presale</a> hit a milestone of 5,000 users—indicating serious moon potential for prospective investors. Here’s why.
<h2 id="b-monero-xmr-delisted-from-binance-plummets-32-b">Monero (XMR) Delisted from Binance; Plummets 32%</h2>
Privacy coin Monero (XMR) experienced a notable 32% decline in value immediately after its delisting from Binance, the world’s largest crypto exchange by volume. Monero (XMR) prices plummeted below $115 from $147, hitting its lowest point since September 2023. Monero (XMR) had been in the doldrums for a variety of reasons: limited liquidity (crucial for price hikes), delisting from major exchanges (further hindering liquidity) and lack of interest from wider public, investors and even the small niche of merchants who actually accept it—who often swap it back to fiat.&nbsp;
<h2 id="b-solana-sol-picks-up-steam-in-february-b">Solana (SOL) Picks Up Steam in February</h2>
Solana (SOL) is trading between $96 and $103, up 6% one week into February as it trades at $102.95 last February 7th. This consolidation along an ascending trendline suggests a potential recovery after a recent dip. Upward-trending SMAs further support this, indicating the path of least resistance may favor continued gains. Solana (SOL) has carried over its strong performance from the end of January, with the token up by 18.2% in the past 2 weeks from February 7th.
<h2 id="b-kelexo-klxo-heralds-future-of-defi-lending-in-2024-b">Kelexo (KLXO) Heralds Future of DeFi Lending in 2024</h2>
Decentralized finance (DeFi) is set to make a major comeback in 2024. The total value locked (TVL) in DeFi protocols rose to $63 billion as of February 2024 after closing out 2023 at the $55 billion mark. Industry observers believe this figure could rise to $100 billion in 2024, highlighting the DeFi as a key growth sector within the crypto world.
Therefore, market analysts are tipping newly-launched DeFi protocols as high-potential investment opportunities. One of the most highly-awaited presale launches of 2024 is <a href="http://kelexo.com" rel="noopener noreferrer nofollow">Kelexo (KLXO)</a>, which has been recognized for its serious parabolic potential. With its pioneering Web3 peer-to-peer lending marketplace, Kelexo (KLXO) is expected to transform the $160 billion P2P lending industry by streamlining the whole lending process.
Say goodbye to the hassles of traditional lending such as long processing times, credit checks, and bureaucratic claptrap. With Kelexo (KLXO), all it takes is a few clicks for prospective lenders to loan out their crypto holdings and earn interest and for borrowers to avail of fully-collateralized crypto loans. This pioneering utility is what makes industry observers believe Kelexo (KLXO) can turn in outsized gains in the coming years—don’t miss out on a <a href="https://presale.kelexo.com/login" rel="noopener noreferrer nofollow">presale</a> gem in 2024.
Find out more about the Kelexo (KLXO) presale by visiting the website <a href="https://kelexo.com" rel="noopener noreferrer nofollow">here</a>.
The post <a href="https://thecoinrise.com/market-swings-as-analyst-explains-why-monero-xmr-plummets-and-solana-on-the-rise-and-why-kelexo-klxo-predicted-30x-achievable/" rel="noopener noreferrer nofollow">Market swings as analyst explains why Monero (XMR) plummets and Solana on the rise and why Kelexo (KLXO) predicted 30x achievable</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Market swings as analyst explains why Monero (XMR) plummets and Solana on the rise and why Kelexo (KLXO) predicted 30x achievable

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