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Altcoins faced substantial corrections across the board in the past 24 hours, as the market experienced a flash crash which saw Bitcoin (BTC) prices fall below $38,800. However, hope springs eternal in the world of crypto—and presales offer plenty of parabolic growth potential ahead of the next bull run. One presale in the DeFi/P2P lending niche has caught the eye of Celestia (TIA) and Ethereum (ETH) whales in particular: Kelexo (KLXO). Learn why Celestia (TIA) and Ethereum (ETH) are snapping up early positions as its presale goes live.
Celestia (TIA) Retraces After Breaching All-Time High
Celestia (TIA) breached its all-time high of $20.16 last January 15th, capping what was a hot run from its launch in November at $2.40. Over the past 24 hours, Celestia (TIA) retraced by a substantial 6%, where it currently trades at $14.69. Celestia (TIA) holders were expecting a retrace after being overbought. Celestia (TIA) failed to hold support at $15, setting the stage for further corrections.
Ethereum (ETH) Dips to December Lows in Past 24H
Ethereum (ETH) prices dipped to December 2023 lows, with Ethereum (ETH) recording a -6.2% correction over the past 24 hours. Ethereum (ETH) prices have been correcting to their lowest levels in the past two weeks, setting off alarms that Ethereum (ETH) could be bottoming out in prices. Market observers believe that the decline – besides Bitcoin (BTC) falling below $39,000, could be further exacerbated by bankrupt lender Celsius dumping 13,000 Ethereum (ETH) on Coinbase and 2,200 Ethereum (ETH) on FalconX. Ethereum (ETH) could face further corrections, with some analysts predicting it could slide to the $1,800 mark. Ethereum (ETH) was changing hands at a 24-hour low of $2,163 as at press time.
Kelexo (KLXO) Presale Demand Runs Wild to Start Stage 1
Ethereum (ETH) and Celestia (TIA) holders count themselves among the early adopters of newly-launched decentralized lending platform Kelexo (KLXO), after the latter was identified by market analysts as among the best investment opportunities of the year.
Kelexo (KLXO) will serve as the premier peer-to-peer lending platform on Web3, connecting lenders and borrowers and enabling them to facilitate P2P loan and credit disbursement transactions without intermediaries KYC or excessive fees typical of traditional lending service providers. Lenders can make their crypto work for them by offering loans and earning on their interest, while borrowers can gain 24/7 access to credit fully collateralized by crypto and payments instantly facilitated by smart contracts.
Kelexo’s (KLXO) stage 1 presale has thus far drawn upwards of 2,500 investors just over 48 hours after announcing its launch. Kelexo (KLXO) offers its native token at an introductory price of just $0.022 during stage 1, but prospective investors need to act fast. Market analysts believe Kelexo (KLXO) could be poised for a quick sellout, as they predict Kelexo (KLXO) doing at least a 25x from its launch prices after the Bitcoin (BTC) halving triggers a bull market in 2024 and 2025.
