Kelexo’s (KLXO) Ascent is Causing Celestia and Aave Investors to Tread Carefully
Both new and old coins can be threatened by market disruptions. Aave (AAVE), an established Ethereum-based lending protocol, as well as Celestia (TIA), a new Layer1 Blockchain provider, are looking on nervously as Kelexo (KLXO), a new peer-to-peer lending platform, is luring investment dollars, stealing market share from them.
Celestia (TIA) — Blockchain: but bespoke
Celestia (TIA) is one of the better projects in the cryptosphere. While many blockchains have valuable aspects, Celestia (TIA) is the first blockchain with a customization feature. Celestia (TIA) allows its users to build a bespoke blockchain on top of its own.
This ‘DIY’ approach to chain building has seen Celestia (TIA) gain market recognition in the short time it’s been on the markets and Celestia (TIA) has given investors an 8-fold return since its launch in November. However, Celestia (TIA) investors may ask if 8x is good enough.
Aave (AAVE) – DeFi: but centralized
The whole point of DeFi is that finance is decentralized. It’s a bit of a misnomer, as DeFi, sadly, still has a level of centralization to it. Aave’s (AAVE) 10 chains have almost $7 billion TVL. But when approaching Aave (AAVE) for either borrowing or staking, the parameters are set, take it or leave it. While this DeFi solution is quite brilliant, there is a modicum of frustration in that the chains set borrowing and lending conditions with no room for negotiation.
Then there are the concerns about the Aave (AAVE) price, trading at almost 90% below its ATH in 2021. The main concern is the size of the DeFi market is comparable to 2021 – why is AAVE (AAVE) at 13% of its ATH when DeFi is as strong as ever?
Kelexo (KLXO) – DeFi: but the way it was meant to be
What if instead of being beholden to the DeFi companies, borrowers and lenders could come to their own agreements? It is Kelexo (KLXO), a new peer-to-peer borrowing and lending platform that puts the “De” into DeFi.
This is a massive opportunity to supply cross-border — and cross-town — finance to more than half the planet’s population who do not have access to finance and a brilliant prospect for those who want to invest their money proactively.
Kelexo (KLXO) is set to become the big player in the DeFi space, bypassing all the middlemen and intermediaries and analysts are already predicting a 100x for this token within the first year after presale.
Limited to just 440 million tokens – which makes it deflationary – a clean audit and liquidity locked in for life, Kelexo (KLXO) has all the markings of a blue-chip token.
Conclusion
Neither Aave (AAVE) nor Celestia (TIA) can be written off as bad investments. Investors looking to make the most of the incredible profits cryptos can deliver should look to participate in the Kelexo (KLXO) presale, with tokens now available at $0.048.
Find out more about the Kelexo presale at their official website
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
