The post Filecoin holders flock to Kelexo (KLXO) lending platform after Uniswap swap whale buys in big appeared first on Coinpedia Fintech News

In this article, we take a deep dive into the recent market movements of Filecoin (FIL) and Uniswap (UNI). We examine the implications of Filecoin (FIL) setting a new yearly high and Uniswap (UNI) experiencing a market correction.

Moreover, we explore the growing trend among investors who are redirecting their attention towards the presale of Kelexo (KLXO), a novel and innovative decentralized peer-to-peer (P2P) lending platform.

Filecoin (FIL) sets new yearly high

Filecoin (FIL) has demonstrated a remarkable surge of over 30% in the past week, climbing from $6.16 to $8.18. This bullish movement is complemented by a substantial increase in trading volume which has risen by nearly 40% in recent days. These indicators point towards a renewed interest in the token marking a resurgence from the downward trend experienced earlier in the week.

Despite Filecoin (FIL) reaching a new yearly high, it remains significantly below its all-time high, having lost over 90% of its value since reaching that peak.

Uniswap (UNI) undergoing market correction

Uniswap (UNI) has experienced a remarkable ascent, soaring approximately 38% in the past week. Notably, the token witnessed a particularly impressive surge during the week with its value skyrocketing by over 70% within a mere 24-hour period. However, it appears that the volatility is now undergoing a corrective phase as evidenced by a notable decrease in trading volume in recent days.

Investors are attuned to these market dynamics and are responding accordingly to the ongoing correction. Many are opting to allocate substantial portions of their profits into Kelexo (KLXO) presale, drawn by the promising potential for significant growth offered by the project.

Investors are joining the stage 2 presale of Kelexo (KLXO)

Kelexo (KLXO) represents a groundbreaking advancement in decentralized finance (DeFi) by introducing a pioneering P2P lending protocol that reimagines the lending landscape. By leveraging cutting-edge technologies such as blockchain, tokenization, smart contracts and AI-driven risk assessment, Kelexo (KLXO) creates a marketplace that seamlessly connects lenders with borrowers, all without directly engaging in lending or borrowing activities.

One of the key strengths of Kelexo (KLXO) lies in its ability to transform digital assets into liquid assets thereby unlocking short-term funding opportunities for investors and offering competitive interest rates for borrowers. This innovative approach revolutionizes traditional lending practices and opens up new avenues for financial inclusion.

Joining the Kelexo (KLXO) platform is effortless, requiring only a simple sign-up process without the need for extensive identification documents or KYC verification. For vendors on the platform, listing a loan is a seamless process taking just minutes to specify the loan amount, desired interest rate and loan-to-value (LTV) ratio.

Investors keen to participate in the Kelexo (KLXO) ecosystem can seize the opportunity by joining the ongoing presale, currently in its second stage and priced competitively at $0.028 per token. Beyond the potential for significant growth and gains, presale investors also stand to earn a share of platform fees proportional to their holdings.

Find out more about the Kelexo (KLXO) presale by visiting the website here.

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Filed under: Bitcoin - @ February 28, 2024 6:15 am