KLXO gains traction among SOL and BNB enthusiasts amidst market swings

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23 Mar 2024
21

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
In a sea of uncertainty, Solana (SOL) and Binance Coin (BNB) enthusiasts explore Kelexo (KLXO) amid market volatility, targeting significant returns.
Every seasoned crypto investor knows the volatile market and prices are often uncertain. As a result, these investors are always on the lookout for fresh opportunities to reallocate their investments, diversify their portfolios and maximize their returns
In reaction to recent price slumps, Solana and Binance Coin investors are looking to strengthen their investment positions. The introduction of innovative platforms like Kelexo offers them the right opportunity to do so.
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Solana joins Kelexo’s list of investors

Solana’s value has recently increased significantly, resulting in substantial profits for its investors.
A meteoric rise in Solana saw the token rise above the $200 price mark for the first time since November 2021. Many cryptocurrency analysts predict that Solana prices will continue to appreciate despite a possible slight reversal in the short term.
Due to these predictions, Solana investors now focus on the Kekexo platform. This platform offers unique benefits that have attracted many large Solana holders. To further expand their investment portfolios, these holders are considering investing their Solana profits into the Kelexo presale.
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Binance recovering from price slump

Binance Coin looks to be recovering well from a market-wide price fluctuation. Binance Coin holders will be pleased with the performance of their assets thus far.
A current price of $548.49 represents over 50% growth in Binance Coin’s value over the past 30 days. However, these Binance Coin investors will be keen on reinvesting these profits.
After extensive research, these Binance Coin investors found Kelexo to be a good investment option. Binance Coin holders have significantly influenced Kelexo’s second presale stage. The Kelexo platform offers these investors a hedge against price fluctuations and a chance to profit from future bull markets.
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Kelexo draws attention with investor interest

The web3 lending platform has been attracting a lot of investor interest. Kelexo is a web3 marketplace designed to connect loan lenders and borrowers.
The platform will allow users to interact with each other without the need for a middleman and it doesn’t require KYC during sign-up, which sets it apart from traditional lending platforms.
Users who want to secure a loan or start lending money will do so with relative ease. The payment process promises to be instant and efficient, with significantly lower transaction fees.
The Kelexo ecosystem also offers several great features, including a debit card that allows users to spend the funds on their Kelexo wallet anywhere worldwide and a swap service that allows users to exchange crypto with 0% commission fees.
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Kelexo’s presale s

DePIN-powered initiative aims to expand internet access in India


Wifi Dabba, a decentralized internet service provider, recently announced plans to expand internet connectivity in India by distributing over 100,000 devices across the country. 
These devices, hosted on the Solana blockchain, are part of the DePIN project, which aims to connect the unconnected by the end of the year. Only 30 million individuals in India, a country of more than 1.4 billion, have access to WiFi, while a large portion of the population remains detached from the internet.
The company’s strategy focuses on decentralization to combat the limited reach of India’s major telecom corporations, which primarily serve urban areas. Karam Lakshman, CEO of Wifi Dabba, criticized the slow pace of current connectivity efforts. He believes that achieving nationwide coverage could take decades. He stressed the importance of widespread internet access to support India’s position as the second-largest crypto holder and the fifth-largest global economy.
In a statement, Lakshman advocated for the role of blockchain technology in providing reliable internet access, with device maintenance managed by external providers. He views the DePIN model as a scalable solution for improving internet connectivity in developing nations.

The project plans on using India as a testing ground for global applications.
To extend its network, Wifi Dabba plans to collaborate with Local Cable Operators (LCOs) in India, leveraging their reach within communities. This partnership aims to foster growth and market leadership in decentralized wireless and WiFi networks, as noted by Arul Murugan, Managing Partner at Borderless Capital, one of the project’s main investors.
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The project urges hotspot owners to join by purchasing Wifi Dabba’s router hardware and partnering with local cable operators for deployment. The firm will also offer Dabba tokens as rewards for data usage. 
The campaign will primarily target areas with significant demand for paid WiFi connectivity for installing these devices.
Wifi Dabba’s head of communications, Dawn Philip, predicts a “significant surge” in DePIN usage in 2024, especially in developing nations. He echoed Lakhsman’s sentiments, highlighting the opportunities in regions where infrastructure development is critically needed.
The recent development coincides with a broader embrace of blockchain technology across various sectors in India. In Feb. 2024, STAN, an Indian eSports startup, announced a partnership with blockchain platform Aptos Labs. STAN aims to build an e-sports fan platform atop the Aptos blockchain. Gamers in India will be able to interact with their favorite creators on the platform.
Meanwhile, the Indian Railway Catering and Tourism Corporation (IRCTC) recently launched non-fungible tokens (NFTs) as tickets. Passengers on the Tejas Express trains—train numbers 82501 and 82502—will be able to pick up these limited NFTs during their travels from March 20 to April 2.
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Maker and Fantom investors eyeing Fezoo DEX presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
After FTX’s collapse in 2022, investors are looking for safer platforms. Maker (MKR) and Fantom (FTM) investors turn to Fezoo (FEZ), a new decentralized exchange promising to reshape the crypto market.
Investors seek safe and innovative platforms to trade on as the current bull market matures. They have learned a lot after the spectacular collapse of FTX in November 2022, which exposed an $8 billion hole in its books.
As a result, Maker and Fantom holders are attracted to Fezoo, a new decentralized exchange tipped to revolutionize the crypto market. Are Maker (MKR) and Fantom (FTM) investors making a wise decision by investing in Fezoo (FEZ) in its presale?

Maker trades above $3,000

Amid a market wide rally, Maker breached the $3,000 level on March 17. Maker last traded above $3,000 in December 2021, marking its highest price in over 2 years.
Overall, Maker is up an impressive 356% year on year, after its price increased from $670.37 on March 23, 2023, to $3318.19 on March 21, 2024.
Maker serves as the governing token within the Maker protocol, a decentralized Ethereum (ETH) blockchain system.
Through Maker tokens, holders play a pivotal role in decision-making processes, influencing various aspects of the Maker ecosystem’s operations.
Following impressive yearly growth, holders are hedging their Maker profits by investing in Fezoo, a new decentralized exchange set to transform the market.
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Fantom eyes rally ahead of Sonic mainnet upgrade

Fantom holders are expecting the upcoming Sonic mainnet upgrade to help the altcoin maintain its upward trajectory.
Fantom is up almost 110% in a year after its price increased from $0.4706 on March 23, 2023, to $1.09 on March 21, 2024. This bullish sentiment gains traction as Fantom approaches the launch of its highly anticipated Sonic upgrade on the mainnet.
Sonic seeks to elevate the Fantom Virtual Machine by introducing a novel smart contracts language, all while reducing costs and enhancing throughput to 2,000 transactions per second (TPS).
Through this upgrade and other developments, Fantom (FTM) aims to be a leader in the decentralized finance (DeFi) and Web3 gaming sectors.
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Fezoo lures seasoned investors

Fezoo, a decentralized exchange aiming to offer a better product to traders, has launched its presale at a time when the market is bullish and investors are looking for the best new cryptocurrencies to invest in.
Investors are lured to the Fezoo presale because of several factors, including lower fees and the opportunity to earn passive income. Fezoo’s revenue sharing model will see Fezoo holders qualify to earn a share of the income generated on the platform based on the proportion of their total holdings.
Fezoo will mint 500 million tokens and 65% of the supply is reserved for investors via the presale. Investors with a long-term goal of earning huge returns on their investments can buy Fezoo (FEZ) tokens for a low price during the ongoing presale.
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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Electric Capital to address cross-chain cnalytical data challenges with new NFT venture



Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues.
In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles.

1/ Announcing NFT Pulse!https://t.co/rcIdebM3Q2

At @ElectricCapital we kept asking NFT questions but had 2 problems:
A. data sources were sus
B. data was not cross chain

We built a v1 on @AlliumLabs data & are opening the dash publicly. Feedback is appreciated!

Fun charts👇
— Avichal – Electric ϟ Capital (@avichal) March 21, 2024

Named NFT Pulse, the platform is a collaborative effort with Allium Labs and seeks to provide insights into the activities of digital collectibles across various blockchain networks, including SolanaPolygon, and Bitcoin. However, no support for Tezos and Coinbase’s Base, but at least for now. Garg noted the dominance of Bitcoin in terms of fee payments, suggesting potential benefits for exchanges operating within its ecosystem:

“Amazing to see Bitcoin dominate in terms of people willing to pay fees. Naturally the exchanges that are big in those ecosystems will do well.” Avichal Garg

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Data from NFT Pulse reveals significant user activity on networks like Solana and Bitcoin, surpassing that of Ethereum. For instance, a majority of Bitcoin-based NFT trades occur on Magic Eden, while OpenSea accounts for the majority of Polygon-based transactions. Moreover, Bitcoin’s network has witnessed a surge in market share, reaching over 60% in March.
Electric Capital’s venture arrives amid fluctuations in the value of Ethereum-based NFT collections and a decline in overall market activity. Trade volumes on Ethereum-based platforms have decreased since January, with monthly revenue also experiencing a significant drop. Platforms like OpenSea, X2Y2, and LooksRare have been affected by this downtrend, signaling potential shifts within the NFT market landscape.
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