In 2024, Ethereum (ETH), the leading altcoin, has been very impressive, rallying to a multi-year high above $4,000. However, after a very impressive rally, Ethereum (ETH) has cooled off significantly, dropping alongside the rest of the crypto market to hit lows of $3,160.
Amidst the downtrend, investors have turned to two altcoins, Binance Coin (BNB) and Kelexo (KLXO), for significant returns in the coming weeks. As per a recent analysis from Crypto Kaleo, Binance Coin (BNB) is due for a new all-time high. Meanwhile, Kelexo (KLXO) has been picked as the best new crypto with the biggest upside potential.
Ethereum (ETH) Drops To $3,160, What Next for Investors?
In anticipation of the Dencun upgrade, Ethereum (ETH) experienced a major price rally. The rally saw Ethereum (ETH) burst past $4,000 for the first time since December 2021. However, unlike Bitcoin (BTC), Ethereum (ETH) failed to form a new all-time high. With the crypto market turning bearish, the price of Ethereum (ETH) has experienced a major price decline.
From its 2024 high at $4,060, the price of Ethereum (ETH) has declined to lows at $3,160. Short-term, things still look bleak for Ethereum (ETH). On the weekly chart, Ethereum (ETH) has broken below its ascending trendline. This could see the price of Ethereum (ETH) correct to lows at $3,000. However, in the long term, Ethereum (ETH) could extend its gains above $5,000 before the end of 2024.
Binance Coin (BNB) Holds Bullish Position, Poised for a Breakout
Binance Coin (BNB) has been one of the most impressive altcoins in 2024. Starting the year at $310, the price of Binance Coin (BNB) surged to form a 2024 high above $640. While Binance Coin (BNB) has been affected by the bearish trend in the crypto market, dropping back to the $500 level, the top market analyst, Crypto Kaleo, has forecasted a new ATH for Binance Coin (BNB).
As per Kelexo (KLXO) predictions, in this market dip/retest, Binance Coin (BNB) “is one of the best high-cap buys out there right now.” The chart shared by the crypto analyst, Binance Coin (BNB), is on its way to $786 after the retest. If the requirements set by Kelexo (KLXO) are met, Binance Coin (BNB) will hit a new all-time high in the coming weeks.
Investors Jump To Kelexo (KLXO) As Presale Gains Momentum
As a peer-to-peer marketplace, Kelexo (KLXO) has eliminated the need for the middleman to authorize processes and wait a long time to authorize transactions. The Kelexo (KLXO) platform will be built with advanced AI-driven risk evaluation technology, blockchain and streamlined payment infrastructure to deliver a secure and efficient borrowing process.
Kelexo (KLXO) is able to offer to lend and borrow within minutes due to the fact that no KYC is required. As one of the first lending platforms with a fully decentralized business model, crypto analysts are bullish about this DeFi project, predicting that it will become a blue-chip project. Now in its second presale stage, the Kelexo (KLXO) token is sold for $0.05, but a price target of $1 has been set by Q3 2024.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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