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An investment fund has invested 20% of its portfolio in Kelexo (KLXO), a new crypto project. Experts believe Kelexo has the potential to reshape decentralized finance (defi). In the meantime, Solana (SOL) and Ethereum (ETH) are considering KLXO, as seen in the ongoing presale, which has attracted over 5,000 early holders.
Ethereum crabbing at $2,300
Ethereum is a popular smart contract platform.
However, it has been under pressure, dropping 5% in the past two weeks.
Some investors who joined the ETH bandwagon late are now looking for alternatives.
Solana’s network activity tapers
Artemis, an institutional data platform, notes that the number of daily active addresses on Solana fell from 1.2 million to 920,000 between January and early February.
This decrease in network activity and NFT transactions could point to waning interest, which may impact SOL prices.
Kelexo has over 5,000 new holders
The Kelexo presale is garnering investor interest, with over 5,000 people signing up in February.
Kelexo offers a unique solution for peer-to-peer lending, making it easier for borrowers and lenders to connect and get loans without intermediaries, KYC, or credit checks.
Lenders list their loans on the marketplace, indicating the amount, loan terms, and long-term value they desire, while all borrowers need to do is shop for the loan that best suits their needs.
KLXO is presently trading at $0.022 in the ongoing presale.
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