Bitcoin (BTC) miners are on track for the halving, which is expected within about a week considering normal block production rates. Although bullish market sentiment has managed to influence some tokens, assets such as Theta Network (THETA) and Monero (XMR) are currently trading sideways with high volatility in the short term. The lack of clear direction has led investors to look for new possibilities and turn to pre-sale tokens like Kelexo (KLXO).
Theta Network (THETA) raises concerns of further price decline
Theta Network (THETA) still clings to the top 50 coins and tokens based on market capitalization. Theta Network (THETA) price is $2.95, still close to the all-time high and absolute record price of $3.50.
Trading volume is a factor that could push Theta Network (THETA) down another notch. The asset is already volatile near yearly highs and easily corrects by 30%. Theta Network (THETA) could easily plummet and wipe out some of its gains as trading volume shrinks to $61 million in 24 hours.
Theta Network (THETA) aims to build a cloud computing architecture for decentralized projects. The company's flagship product, Theta Edgecloud, is scheduled to be released on May 1st. The days leading up to the event may prevent further corrections in market prices and provide a short-term boost.
Monero (XMR) remains in the sub-$150 range
Monero (XMR) is trading around $134, with a weekly peak of around $140. Although the asset has undeniable utility and is widely used, its price is hampered by the coin's anonymity. After a series of delistings over the years, Monero (XMR) has settled into its current price range and has not returned to higher tiers.
Transactions on Monero (XMR) are veiled, making it virtually impossible to map senders and recipients. However, this feature prevents Monero (XMR) from being traded in large quantities or being considered a legitimate coin.
Recently, the Kraken exchange delisted some of the last Monero (XMR) pairs from the Irish and Belgian markets. One of the opportunities for Monero (XMR) is to become part of a decentralized infrastructure, relying on DEXs for liquidity.
Kelexo (KLXO) brings new energy to the flat market
Kelexo (KLXO) aims to start small and grow into a premier crypto token. The Kelexo (KLXO) platform is built with ease of use in mind to disrupt the direct lending market. Kelexo (KLXO) matches peers in a fast and simplified process with no KYC requirements. With only Web3 Wallet, borrowers and lenders can leverage their crypto coins and tokens to earn fees and interest.
Few places offer a better entry level to investment opportunities. Kelexo (KLXO) pre-sale is in stage 2 with primary assets still at just $0.05. Token ownership is the key to future profits as well as passive income from fees on the platform. Token users can also participate in short-term challenges and milestones to earn additional rewards.
Kelexo (KLXO) proposes to distribute a share of its supply up to 440 million tokens. The project also offers lifetime liquidity, swap services, and spending debit cards. Pre-sale is currently underway on the KLXO official website.
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