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Decentralized finance (DeFi) is coming back in a major way. Its growth from a $20 billion valuation in total locked value as of September 2023 to $80 billion as of February 2024 is proof positive of its parabolic potential. And in the next bull cycle, projects like decentralized P2P lending protocol Kelexo (KLXO) are expected to skyrocket in adoption and price. Likewise, we can expect heavy usage of stablecoins like USD Coin (USDC) and decentralized oracle provider Chainlink (LINK) in the near future. However, the clear-cut choice among crypto whales is <a href="http://kelexo.com">Kelexo</a> (KLXO), which could hit stratospheric heights in 2024 onwards. 
<h2 id="b-chainlink-link-team-continues-to-dump-on-holders-b">Chainlink (LINK) Team Continues to Dump on Holders</h2> 
Chainlink (LINK) has frustrated holders by teasing an epic pump, only to dump on them at certain intervals. Case in point: Chainlink (LINK) briefly broke past $20 in February, only to see a systematic sell-off of tens of millions of Chainlink (LINK) tokens from wallets linked to Chainlink (LINK) Labs tanking prices in its wake. Most of the selling pressure from Chainlink (LINK) is from its team. In terms of price action, Chainlink (LINK) plummeted from $52 during its all-time high in 2021 to $5 at its 2022 nadir. Meanwhile, as of this writing, Chainlink (LINK) is STILL down 64.4%, from its ATH while Bitcoin (BTC) has almost fully recovered.&nbsp; 
<h2 id="b-usd-coin-usdc-supply-grows-in-february-b">USD Coin (USDC) Supply Grows in February</h2> 
The stablecoin market expanded by $2 billion during the first half of February, reaching a total market capitalization of $141 billion as of February 25th, up from $138 billion on February 14th. USD Coin (USDC) saw its value grow from approximately $28 billion at the end of January to $28.1 billion by February 25th, representing a 9% increase in supply over the past month. 
<h2 id="b-kelexo-klxo-presale-drawing-significant-capital-inflows-b">Kelexo (KLXO) Presale Drawing Significant Capital Inflows</h2> 
Kelexo (KLXO) is a trailblazer in the peer-to-peer lending space, leading a revolution in the industry by providing Web3 users with seamless access to cryptocurrency loans through its innovative marketplace model. With a focus on user-centric design, Kelexo (KLXO) streamlines decentralized P2P lending, making it easier for individuals to both provide and borrow loans. Emphasizing security and user-friendliness, Kelexo (KLXO) significantly enhances the overall experience, making it an ideal entry point for newcomers to the P2P lending ecosystem. 
All smart contracts employed by Kelexo (KLXO) have undergone rigorous auditing to ensure the highest level of security. Additionally, team tokens will be locked for 500 days and the platform’s liquidity will be permanently locked for its lifetime. 
During the first stage of its <a href="https://presale.kelexo.com/login">presale</a>, Kelexo (KLXO) tokens are available at a special price of only $0.028. Given the DeFi sector’s projected influx of capital reaching into the hundreds of billions, Kelexo (KLXO) is poised for significant growth potential, with the possibility of achieving substantial gains of 10x. Due to its low market cap and extensive utility, Kelexo (KLXO) exhibits tremendous potential, with the prospect of gains ranging from 50x to even 100x during the next bull run. 
Find out more about the Kelexo (KLXO) presale by visiting the website <a href="https://kelexo.com">here</a> 
The post <a href="https://thecoinrise.com/special-borrowing-platform-kelexo-klxo-secures-huge-investment-from-usdc-usdc-holder-amid-chainlink-link-turmoil/">Special borrowing platform Kelexo (KLXO) secures huge investment from USDC (USDC) holder amid Chainlink (LINK) turmoil</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Special borrowing platform Kelexo (KLXO) secures huge investment from USDC (USDC) holder amid Chainlink (LINK) turmoil

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