The content and materials featured on this page are for educational purposes only. Amid market shifts, XRP and ETH communities capitalize on the Kelexo Stage 2 presale, highlighting its promise in the burgeoning defi sector. This excitement coincides with the launch of Kelexo Stage 2 presale, attracting investors, particularly those holding established cryptocurrencies like Ripple (XRP) and Ethereum (ETH). Let’s explore the factors driving this influx and Kelexo potential to disrupt defi lending.
The legal battle between Ripple and the SEC stems from allegations that Ripple raised $1.3 billion through the sale of Ripple, deemed an unregistered security by the SEC. Despite a previous ruling by Judge Analisa Torres in New York, which deemed some of Ripple sales as not violating securities laws, the disagreement persists, with Ripple maintaining its confidence in a fair resolution in the final remedies phase. This back-and-forth court battle has stalled the potential growth of Ripple, a decentralized payment provider, faster than existing solutions for institutions globally using its native cryptocurrency. While Ethereum whales, including the suspected Sun wallet, have been accumulating large amounts of Ethereum, investors in Ethereum ETPs have been selling off, with $34 million in outflows recorded in the past week alone.
This contrasts with Bitcoin, which saw $333 million in inflows likely driven by its recent halving. Speculation surrounds a potential approval of a spot Ethereum ETF in May, with some suggesting that the SEC may aim to avoid the controversies seen with Bitcoin ETF approvals earlier in the year. Interested investors can register on the website to participate in the presale, which consists of five stages with increasing token prices. Following the completion of the presale, tokens will be airdropped to investors’ wallets and they will receive a 20% weekly return for five weeks starting from the project’s launch.
With the presale projected to sell out within 90 days, early investors have an enticing opportunity to engage with Kelexo and potentially benefit from its future market expansion. Ripple and Ethereum holders can leverage Kelexo in several ways:
● Users can earn interest on their holdings by supplying Ripple or Ethereum to the lending pool. ● Users can borrow against their existing Ripple or Ethereum holdings to access additional capital without needing to sell their assets. Disclosure: This content is provided by a third party.
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