Bitcoin Cash (BCH) & Dogecoin (DOGE) Investors Join Kelexo (KLXO) Early Presale Attracted by Lending Market Innovations
Release: 2024/04/03 09:24 Reading: 631
Investors in digital assets still seek projects with a mix of liquidity and community engagement. Bitcoin Cash (BCH) and Dogecoin (DOGE) are two of the more resilient networks, which keep adding capacities beyond direct trading and swapping. Another project that uses the peer-to-peer potential of crypto is Kelexo (KLXO), a Web3 decentralized marketplace for personalized loans.
Bitcoin Cash (BCH) Saw Liquidity Inflows, Boosted Trading Volumes in April
Bitcoin Cash (BCH) is hovering close to a yearly peak, stopping just below $700 in late March, 2024. The project survived another bear market, lifting up from yearly lows close to $100 in 2023.
What keeps Bitcoin Cash (BCH) afloat is its ability to handle transactions at a low cost. The platform aims to bring back the peer-to-peer idea of Bitcoin (BTC), while also building a decentralized finance ecosystem.
This asset branched off from Bitcoin (BTC) as a hard fork and has support from most major wallets. Easy swapping and bridging also make Bitcoin Cash (BCH) a suitable liquid asset for staking and lending in decentralized protocols. Decentralized projects grew in the past year, locking in more than $14M coming in from Bitcoin Cash (BCH) investors.
At the start of Q2, Bitcoin Cash (BCH) traded at $602.05 after a market-wide flash crash. Despite the short-term loss of 10%, Bitcoin Cash (BCH) continues to draw in buyers with robust past performance and future potential.
Dogecoin (DOGE) Surfs the New Memecoin Trend at Yearly Peak
Dogecoin (DOGE) retains its prominent position among top 10 crypto assets by market capitalization. But now, it is also at the head of a renewed memecoin trend. Dogecoin (DOGE) retains its first-mover advantage, combined with its appealing meme-based image.
This coin is well-protected by cryptography and is created during the process of Litecoin mining. Dogecoin (DOGE) is represented on most exchanges and is often used for low-cost swapping and even large-scale fund transfers.
As a permissionless coin, this crypto asset is key to building the basics of a decentralized community. Dogecoin (DOGE) is also a driver of adoption for new users that want to try a low-cost entry into cryptocurrency.
Dogecoin (DOGE) ended the first quarter of 2024 with more than 200% growth, trading at $0.18 in early April. The price climb was extremely rapid, after a sudden return of daily trading volumes to more than $3B in a 24-hour period.
Kelexo (KLXO) Invites Users Searching for Utility in Early Pre-Sale
Investors in Bitcoin Cash (BCH) and Dogecoin (DOGE) are also searching for projects with utility and a similar ease of use. Kelexo (KLXO) is the upcoming Web3 lending marketplace, which combines free, fast transactions with utility and potential returns in the future.
Kelexo (KLXO) is building up a community around a fully decentralized, permissionless marketplace. The project taps into the growth of peer-to-peer lending, which is expected to grow to $190.22B in 2024.
During the latest market boom, Kelexo (KLXO) has opened its early pre-sale stage at the current price of only $0.05. The sale launches after passing a public audit for technical and financial security. The total supply of Kelexo (KLXO) tokens will be 440M. The Kelexo (KLXO) team pledged to lock their tokens for 500 days.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
The post Bitcoin Cash (BCH) & Dogecoin (DOGE) Investors Join Kelexo (KLXO) Early Presale Attracted by Lending Market Innovations appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.
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