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Litecoin (LTC) Falls After 2023 Halving Event Ripple (XRP) Holders Take $370 Million in Profits Can Kelexo (KLXO) Handle Competition?Litecoin (LTC) and Ripple (XRP) are not meeting investor expectations in terms of price performance. This has pushed investors and token holders to buy Kelexo (KLXO) in its ongoing presale. Litecoin (LTC) has fallen since its halving event in August 2023 and Ripple’s (XRP) price drops as holders start taking profits.
Is Kelexo (KLXO) a better investment than Litecoin (LTC) and Ripple (XRP)?
Litecoin (LTC) Falls After 2023 Halving Event
Litecoin (LTC) has fallen off a cliff after the blockchain network successfully held its halving event on August 2nd 2023. After the halving, the block reward for Litecoin (LTC) miners was slashed in half from 12.5 LTC to 6.25 LTC.
In the run-up to the halving event, the price of Litecoin (LTC) reached a high of $113.23 on July 3rd 2023. However, Litecoin (LTC) has dropped 23% after its price decreased from $113.23 on July 3rd 2023, to $87.66 on March 8th 2024.
By contrast, the Litecoin (LTC) halving event is not as big a deal as Bitcoin's (BTC) halving. The price drop has made several investors lose confidence in Litecoin (LTC).
While Litecoin (LTC) remains a solid investment in the crypto space, analysts claim that it doesn’t offer high returns for investors. For this reason, investors are encouraged to invest in Kelexo (KLXO), a new lending protocol with high growth potential.
Ripple (XRP) Holders Take $370 Million in Profits
Ripple (XRP), a top-ten cryptocurrency, has suffered minor losses after holders cashed in profits amounting to $368.79 million.
At the same time, the impending deadline for the SEC vs. Ripple (XRP) lawsuit, focusing on the regulator's remedies-related opening brief, looms on March 22. If Ripple (XRP) emerges victorious, its price could experience a noticeable price bump.
Over the past month, Ripple (XRP) is up nearly 22% after its price increased from $0.5025 on February 8th to $0.6271 on March 8th. As Litecoin (LTC) faces uncertainty, investors are starting to allocate their capital to Kelexo (KLXO).
Can Kelexo (KLXO) Handle Competition?
Kelexo (KLXO) will be a competitive peer-to-peer lending platform that utilizes blockchain to secure customer funds and enhance transparency.
The platform also uses AI to deliver a solid and efficient lending platform to a wide audience of users. Kelexo (KLXO) also allows token holders to earn passive income by receiving a share of the revenue generated by the platform.
The lending platform has several important features that include accessibility, flexibility and high liquidity.
Investors can buy Kelexo (KLXO) tokens for a low price of $0.04 in stage 2 of the presale. This low price makes Kelexo (KLXO) very competitive as more people are drawn to its low cost. Kelexo (KLXO) is touted as the best cryptocurrency to invest in.
Find out more about the Kelexo (KLXO) presale by visiting the website here
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
