Bitcoin (BTC) miners are on track to the Halving event, expected in about a week given the usual rate of block production. The bull market sentiment manages to affect some tokens, but assets like Theta Network (THETA) and Monero (XMR) are now trading sideways, with short-term volatility. The lack of clear direction makes investors seek out new potential and point their attention to presale tokens like Kelexo (KLXO).
Theta Network (THETA) Sparks Fears of Another Price Slide
Theta Network (THETA) still clings to the top 50 coins and tokens based on its market capitalization. With a price of $2.95, Theta Network (THETA) is still close to its highest range and the absolute record price of $3.50.
Trading volumes are a factor that could bring Theta Network (THETA) down another notch. The asset is already volatile even near its yearly highs, easily correcting by 30%. With trading shrinking to $61M in 24 hours, Theta Network (THETA) could easily take a nosedive and wipe out some of the profits.
Theta Network (THETA) aims to build cloud computing architecture for decentralized projects. Its main product, Theta Edgecloud, is scheduled to launch on May 1st. The days leading up to the event can save the market price from further corrections, giving a short-term boost.
Monero (XMR) Still Range Bound Under $150
Monero (XMR) is trading around $134, with a brief weekly peak around $140. The asset has undeniable utility and is widely used, but its price is hampered by the coin’s anonymous nature. After a series of delistings over the years, Monero (XMR) settled at the current price range and has not returned to a higher tier.
Transactions on Monero (XMR) are veiled, making it virtually impossible to map the senders and receivers. But this feature has prevented Monero (XMR) from trading at higher volumes, or being seen as a legitimate coin.
Recently, the Kraken Exchange delisted some of its last Monero (XMR) pairs for the Irish and Belgian market. One of Monero’s (XMR) chances is to become a part of the decentralized infrastructure, relying on DEX for liquidity.
Kelexo (KLXO) Brings New Energy to Flat Market
Kelexo (KLXO) aims to start small and build itself into a blue chip crypto token. The Kelexo (KLXO) platform will be built with user-friendliness in mind, to disrupt the market for direct loans. Kelexo (KLXO) will match peers in a fast, simplified process with no KYC requirement. With only a Web3 wallet, borrowers and lenders can put their crypto coins and tokens to work and earn fees and interest.
When it comes to investment opportunities, few are offering a better entry level. The Kelexo (KLXO) presale is at stage 2 and the main asset is still at only $0.05. Owning the token is a key to future gains, as well as passive income from fees on the platform. Token users can also participate in short-term challenges and milestones to gain additional rewards.
Kelexo (KLXO) offers to distribute a share of its supply, capped at 440M tokens. The project will also provide lifetime liquidity, as well as a swap service and a spending debit card. The presale is now open through Kelexo (KLXO) official website.
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