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Avalanche (AVAX) has considerably cooled off since its hot start to the year but the future remains ever so murky for holders. On the other hand, trending new presale crypto sensation Kelexo (KLXO) has been making headlines after massive inflows from Tether (USDT) holders were detected. Why is <a href="http://kelexo.com">Kelexo</a> (KLXO) the hottest presale investment opportunity thus far in 2024? Read on to find out why and whether you should get in on the early action.&nbsp; 
<h2 id="b-avalanche-avax-outage-leads-to-decline-in-token-prices-b">Avalanche (AVAX) Outage Leads to Decline in Token Prices</h2> 
The Avalanche (AVAX) mainnet suffered a major outage in the past 24 hours, compounding what was already a bearish week for the distributed software platform. Besides the concerning downtime, Avalanche (AVAX) was already in the midst of a massive 9 million token unlock, which diluted token supply and put prices on a bearish downturn.&nbsp; As news of the outage spread, Avalanche (AVAX) token prices slipped by almost 4%, trading at $35.27 as of press time. Avalanche (AVAX) is down almost 12% in the past week. 
<h2 id="b-jpmorgan-raises-concerns-about-tether-usdt-b">JPMorgan Raises Concerns About Tether (USDT)&nbsp;</h2> 
Global banking and financial services giant JPMorgan has raised concerns about the Tether (USDT) Foundation’s wanton printing of tokens, with the stablecoin giant almost surpassing $100 billion in market capitalization. As of this writing, Tether (USDT) sits on a $97.8 billion market cap. However, JPMorgan has raised red flags about the laissez-faire approach of the Tether (USDT) Foundation as regards regulatory compliance and transparency. According to the financial services powerhouse, a “black swan” event involving Tether (USDT) in the form of looming U.S. and European regulations could put the entire cryptocurrency market at risk. 
<h2 id="b-kelexo-klxo-presale-makes-it-among-hottest-crypto-trends-b">Kelexo (KLXO) Presale Makes it Among Hottest Crypto Trends</h2> 
The smart money is eagerly moving into presales and low-caps within the DeFi sector, particularly targeting those projects that have yet to fully unleash their potential. 
Amidst this fervor, a new player in the DeFi realm, Kelexo (KLXO), is creating significant excitement during its <a href="https://presale.kelexo.com/login">presale</a> phase. Positioned as the pioneering decentralized peer-to-peer lending marketplace, Kelexo (KLXO) is attracting substantial interest and investment from crypto enthusiasts, including Solana (SOL) and Tether (USDT) holders. 
What distinguishes Kelexo (KLXO) from existing decentralized P2P lending platforms is its user-friendly marketplace model, seamlessly connecting borrowers and lenders in a manner that is accessible to everyone. Securing credit is as straightforward as hunting for the best bargain, while lenders can offer crypto-backed loans in mere minutes. With Kelexo (KLXO), anyone and everyone can provision loans and gain access to credit 24 hours a day, 7 days a week, 365 days a year. No hoops to jump through, no KYC procedures to fulfill and no endless wait times. Guaranteed. 
To further ensure the trustworthiness of the platform, Kelexo (KLXO) will be supported by thoroughly audited smart contracts and a lifetime liquidity lock. Additionally, token allocations of the team will remain locked for 500 days. With all the indicators pointing towards a presale project that could skyrocket in the coming years. 
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/trending-presale-kelexo-klxo-gains-huge-tether-usdt-whale-while-avalanche-avax-see-murky-future/">Trending presale Kelexo (KLXO) gains huge Tether (USDT) whale, while Avalanche (AVAX) see murky future</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Trending presale Kelexo (KLXO) gains huge Tether (USDT) whale, while Avalanche (AVAX) see murky future

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TheCoinrise Media

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