2024 is in full swing, and the crypto market is off to an interesting start. Some altcoins have been on the wrong end of a bear, such as Polygon (MATIC). On the other hand, altcoins like Solana (SOL) are holding up their gains remarkably well. As expected, though, high-potential presale cryptos Kelexo (KLXO) are gaining massive traction with their ability to break into the mainstream in 2024. Market observers, in fact, predict that Kelexo (KLXO) could outperform big-caps like Solana (SOL) and Polygon (MATIC) this year.
Polygon (MATIC) Stumbles Out of the Blocks in 2024
Polygon (MATIC) is on a bearish run stretching all the way over the past 12 months. Polygon (MATIC) recorded a 26% year-on-year loss per CoinGecko statistics and Polygon (MATIC) holders are feeling the burn as Polygon (MATIC) traded at $0.74 as of press time. Polygon (MATIC) critics claim that its state execution, while offering high throughput, is largely centralized with fewer nodes that still experience congestion from play-to-earn games on the sidechain. Polygon (MATIC) critics believe the project is in danger of getting booted from the island of relevance as a broken product that needs an overhaul.
Solana (SOL) Takes a Precipitous Fall from December 2023 Highs
Solana (SOL) reached 2023 highs of $126 last December 25th. Entering 2024, however, Solana (SOL) has fallen below the $90 support range, with Solana (SOL) prices bottoming out at $85 over the past 24 hours. The Solana (SOL) price decline coincided with the broader market downturn, but the wild price swings have called Solana’s (SOL) centralization into question. While Solana (SOL) offers the cheapest fees and fast transaction speeds, it has had a history of blockchain outages and it can shut down the blockchain and lock investors out of their money at any moment.
Kelexo (KLXO) Presale Can Generate Greater Gains than Solana (SOL) and Polygon (MATIC) This Year
Newly-launched decentralized lending marketplace protocol Kelexo (KLXO) has officially gone live with stage 1 of its highly-touted presale. Kelexo (KLXO) is laying out its vision of creating a robust decentralized lending marketplace that makes it easy for borrowers and sellers to benefit from lending operations. Borrowers can enjoy 24/7 access to credit facilities through the marketplace, while lenders could offer loans fully-collateralized by their holdings and enforced entirely through smart contracts—all without the need for KYC, credit checks, or any sort of intermediation associated with TradFi lending protocols.
Market observers are bullish about Kelexo’s (KLXO) prospects in 2024 seeing as it could generate an easy 50x from its stage 1 launch price of $0.022. With the Bitcoin (BTC) halving in April widely expected to bring in another bull run of potentially epic proportions, Kelexo (KLXO) holders could be the first in line to experience parabolic gains this year. Growth-focused investors, don’t sleep on Kelexo (KLXO) this year.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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