Ethereum

2024

DeFi

April

One special feature of the DeFi market is how dynamic the cryptos are. As Tether (USDT) is buying Bitcoin (BTC) to stabilize its growth trajectory, Ethereum (ETH) is struggling to gain bullish momentum. However, one thing investors of these cryptos have in common is their interest in a new project.&nbsp;
Kelexo (KLXO) is a promising project that could gain twice as much traction in April as it did in Q1 2024. Keep reading to discover what makes <a href="http://kelexo.com" rel="noopener noreferrer nofollow">Kelexo</a> (KLXO) a prime investment option for Tether (USDT) and Ethereum (ETH) investors.&nbsp;
<h2 id="b-tether-usdt-raises-suspicion-among-investors-after-acquiring-a-huge-amount-of-bitcoin-btc-b">Tether (USDT) Raises Suspicion Among Investors After Acquiring A Huge Amount of Bitcoin (BTC)</h2>
Tether (USDT) recently increased its Bitcoin (BTC) holdings when Bitcoin (BTC) was trading at $70,520. Tether (USDT) witnessed over a 129%&nbsp; portfolio increase, which resulted in an unrealized profit of over $2.95 billion.
Tether (USDT) first started its Bitcoin (BTC) accumulation in September 2022. Then in May 2023, the stablecoin announced a commitment to allocate 15% of its monthly revenue to Bitcoin (BTC). Since then, Tether (USDT) has injected billions of dollars into Bitcoin (BTC). On March 31st 2024, Tether (USDT) bought 8,888 Bitcoin (BTC) valued at approximately $370 million at the time.
Tether (USDT) issuer did not formally announce why it made this purchase. However, market analysis revealed that a wallet suspected to be owned by the company received the Bitcoin (BTC). A few crypto users suspect that the Bitcoin (BTC) purchase was done to strengthen Tether (USDT).&nbsp;
<h2 id="b-ethereum-eth-faces-downward-trajectory-after-dencun-upgrade-b">Ethereum (ETH) Faces Downward Trajectory After Dencun Upgrade&nbsp;</h2>
March 2024 was rocky for Ethereum (ETH) and market data suggests it might witness more decline soon.&nbsp; Despite peaking at $4,091 before the Dencun upgrade, Ethereum (ETH) has lagged behind Bitcoin (BTC). While other cryptos on the market have been skyrocketing, Ethereum (ETH) has struggled to gain an upward momentum.&nbsp;
Various market and technical indicators suggest that Ethereum (ETH) may experience a deeper correction before beginning a sustained price recovery. Apart from its price decline, Ethereum (ETH) has also experienced poor network activity. Its daily active addresses dropped from 622,963 on March 20th to 546,484 on March 26th.&nbsp;
Ethereum’s (ETH) recent recovery effort faced resistance from supply congestion. The $3,600 resistance level is the main barrier preventing it from gaining upwards. If sellers remain active at this resistance level with high volume, Ethereum (ETH) is likely to decline further.
<h2 id="b-kelexo-klxo-launches-a-new-defi-based-lending-era-b">Kelexo (KLXO) Launches a New DeFi-Based Lending Era</h2>
With its exceptional features, Kelexo (KLXO) has gained immense attention in the DeFi and lending industries. Kelexo’s (KLXO) main mission is to create a community where lenders and borrowers can easily interact with each other. It allows crypto users to enjoy fast loan processing unlike other crypto lending platforms.&nbsp;
Kelexo (KLXO) ensures lenders can give out loans with rates and amounts customized to their preferences. Borrowers can view and process these loans without filling in unnecessary documents that traditional banks usually require. Kelexo (KLXO) users will get the premium lending experience with quick service and little to no transaction charges.
Kelexo (KLXO) also provides swap services and special <a href="https://presale.kelexo.com/login" rel="noopener noreferrer nofollow">presale</a> perks during its presale. Stage 2 of the presale is live with Kelexo (KLXO) tokens priced at an attractive rate of $0.05 each. Kelexo (KLXO) could be the next big crypto as it is receiving interest from both Tether (USDT) and Ethereum (ETH) investors.&nbsp;
Get more information about the Kelexo (KLXO) presale by visiting the website <a href="https://kelexo.com" rel="noopener noreferrer nofollow">here</a>.
The post <a href="https://thecoinrise.com/tether-usdt-big-move-april-top-investment-opportunity-in-kelexo-klxo-lending-platform-presale-draws-major-ethereum-eth-fund/" rel="noopener noreferrer nofollow">Tether (USDT) Big Move: April Top Investment Opportunity in Kelexo (KLXO) Lending Platform Presale Draws Major Ethereum (ETH) Fund</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Tether (USDT) Big Move: April Top Investment Opportunity in Kelexo (KLXO) Lending Platform Presale Draws Major Ethereum (ETH) Fund

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