Altcoins faced substantial corrections across the board in the past 24 hours, including Solana (SOL) and Dogecoin (DOGE). The flash crash underlined the importance of proper diversification, with one opportunity drawing 2,500 registrants barely 48 hours into its launch. Market analysts believe that decentralized lending protocol Kelexo (KLXO) could be one of the best investment opportunities of the year. Here’s why:

Solana (SOL) Falls Below $80

Solana (SOL) has taken a harsh 21% correction over the past 30 days after reaching 2023 highs of $126 last December 25th. As of this writing, Solana (SOL) changed hands at $79, losing 9% over the past 24 hours. Solana (SOL) RSI was at 24.08, signifying that the market correction poses an ideal opportunity to accumulate more Solana (SOL) tokens.

Dogecoin (DOGE) Takes a Dip

Dogecoin (DOGE) fell by 5.42% in the past 24 hours after rumors circulated about social platform X integrating it as one its payment methods pushed prices to $0.089. Dogecoin (DOGE) currently trades at $0.076 as it continues its bearish trend over the past month. According to data from CoinGecko, Dogecoin (DOGE) was trading at a -19% loss over the past month, indicating a torrid time for Dogecoin (DOGE) holders who have been sorely disappointed with the token’s year-on-year price action.

Kelexo (KLXO) Presale Event Receives 2,500+ Investors in Two Days

The market-wide flash crash presents an ideal opportunity for Ethereum (ETH) and Solana (SOL) holders to diversify into projects with a higher price ceiling. One of those is decentralized lending marketplace protocol Kelexo (KLXO), whose stage 1 presale launch has drawn 2,500+ investors within 48 hours. One of the catalysts for the spike in interest is the massive discounts on Kelexo (KLXO) tokens during the presale, where initial launch price was set at  $0.022. Market analysts believe Kelexo (KLXO) could comfortably go on a 50x run and trade at $1 by the end of 2024 because of its unique value proposition.

Kelexo (KLXO) is building a decentralized lending marketplace that fosters financial inclusion and democratizes access to credit lines which could play a major role in onboarding new Web3 users in 2024.

Kelexo (KLXO) enables users to offer crypto loans on their holdings, allowing them to earn passive income on interest rates. Likewise, it allows borrowers to leverage fully-collateralized credit facilities and give them access to 24/7 credit at the drop of a hat. The Kelexo (KLXO) marketplace is entirely automated using smart contracts and the process of offering and availing of crypto loans is as fast as 2 minutes. The Kelexo (KLXO) presale offers prospective investors to tap into the $200 billion peer-to-peer lending industry, a sector Kelexo (KLXO) is expected to dominate ahead of the next bull market.

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

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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Source: thinkbitcoins

The DeFi landscape is being reshaped by two groundbreaking platforms: Injective (INJ) and Meme Moguls (MGLS). Injective stands out in the decentralized exchange domain, offering a secure and efficient trading environment free from intermediaries, and is noted for its remarkable growth in the market. On the other side, Meme Moguls brings an unprecedented fusion of finance and meme culture, creating a unique trading platform for meme-inspired assets. 

Injective (INJ): Pioneering DeFi Innovations

Injective Protocol (INJ) is a decentralized exchange platform in the DeFi sector. It allows for fully decentralized trading of various financial instruments, such as derivatives and futures, without intermediaries.

This approach offers more freedom and efficiency in transactions, enhancing the security and user experience. Injective’s unique feature is its support for cross-chain trading, enabling users to conduct transactions across different blockchain networks, further broadening its appeal in the crypto community.

Injective has emerged as a trailblazer in the DeFi space, with its token (INJ) currently valued at $37.70. Despite a slight dip of 3.29% in one day, its growth trajectory is noteworthy, showing a 4.21% increase over a week and an impressive 46.35% rise in the past month.

The most striking is its 2495.43% surge in the past year, indicating robust investor interest. Injective stands out for its decentralized trading protocol, which eliminates intermediaries and offers a more secure, efficient, and user-empowered trading experience.

Meme Moguls (MGLS): The New Era of Finance and Culture

Meme Moguls is redefining the crypto landscape by merging meme culture with financial opportunities. As the world’s first meme-backed stock market/exchange, it offers a unique platform for trading meme-inspired assets. This novel approach is capturing the imagination of a wide range of investors, especially those fascinated by the intersection of internet culture and finance.

The Meme Moguls ecosystem includes features like a meme-centric casino, a trading platform, and a metaverse world, all contributing to an engaging and potentially lucrative experience for users. This utility is not found in any other memecoin on the market. So naturally, it spurred investor interest in mowing through 4 presale stages. Currently, analysts are predicting it to grow 1000% during the presale and to surge x100 afterward.

DeFi Future with Injective and Meme Moguls

Both Injective and Meme Moguls are at the forefront of a new wave in DeFi, each with its unique contributions. Injective’s decentralized trading infrastructure is setting a new standard in secure and efficient crypto transactions.

At the same time, Meme Moguls’ innovative blend of memes and finance is opening up new vistas in the crypto world, appealing to a broader and more diverse investor base. Together, these platforms exemplify the transformative potential of cryptocurrencies in reshaping the future of decentralized finance.

Visit Meme Moguls

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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In the changing world of cryptocurrency, Pushd (PUSHD) stands out as an interesting option for investors looking beyond BNB (BNB) and Ripple (XRP). While BNB Chain sees a significant drop in crypto losses and XRP faces negative signals, Pushd (PUSHD) stands out with its peer-to-peer trading platform. With no transaction fees, quick fund clearance, and minimal verifications, Pushd (PUSHD) has gained 20,000 signups in its fourth presale phase. Priced at $0.075 per coin, Pushd (PUSHD) disrupts traditional markets, providing a smooth cryptocurrency transaction experience. Investors see its innovative potential and view Pushd (PUSHD) as a significant player in the changing cryptocurrency landscape.

BNB (BNB): Declining Crypto Losses on BNB Chain

The AvengerDAO report reveals a significant 85% drop in crypto losses on BNB Chain in 2023, breaking a three-year uptrend. The BNB Chain ecosystem saw a substantial reduction from over $1.1 billion in stolen assets in 2022 to $161 million in 2023. Despite an increase in hack and scam attempts, quick alerts from AvengerDAO minimized losses. The BNB Chain Core Development Team attributes the decrease in funds lost to the decentralized autonomous organization’s (DAO) efficient alerts, enhancing community protection.

Ripple (XRP): Facing Bearish Signals Amidst Market Slowdown

Ripple (XRP) is facing a negative outlook as it reaches a crucial point in January. The price of Ripple (XRP) falling below the 200-week EMA indicates a possible bearish move, signaling caution for the upcoming week. The weekly chart shows a clear bearish trend, with a decrease below the 200-day EMA resulting in an 18% drop in six weeks. The MACD indicator hints at a potential breakdown as Ripple (XRP) tests the support trendline at $0.534. If the price goes below $0.50, it could lead to further decline, but a rise above $0.60 might trigger a significant rally.

Pushd (PUSHD): P2P Trading Platform Gains Traction

Pushd (PUSHD) stands out in the world of peer-to-peer trading platforms, making its mark in everyday cryptocurrency transactions. What makes it appealing is its commitment to fee-free transactions, quick fund processing, and simplified verification steps. As it enters its fourth presale phase, Pushd (PUSHD) proudly announces 20,000 signups and a coin value of $0.075.

In a market largely dominated by familiar online platforms like Amazon and eBay, Pushd (PUSHD) distinguishes itself by addressing common issues such as complicated KYC processes and high fees prevalent in the industry. It positions itself as a strong contender, aiming to change the narrative of cryptocurrency transactions and marketplaces.

Showing promise for swift growth, Pushd (PUSHD) becomes an attractive option for investors. Its unique approach captures the interest of those looking to diversify their investment portfolios, seeing Pushd (PUSHD) not just as a financial opportunity but as a force for change in the ever-changing cryptocurrency market. Investors are drawn to its distinct strategy, recognizing it as a potential catalyst set to reshape the landscape and bring in a new era in cryptocurrency trading.

Find out more about the Pushd presale at their official website

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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Source: thinkbitcoins

2024 is in full swing, and the crypto market is off to an interesting start. Some altcoins have been on the wrong end of a bear, such as Polygon (MATIC). On the other hand, altcoins like Solana (SOL) are holding up their gains remarkably well. As expected, though, high-potential presale cryptos Kelexo (KLXO) are gaining massive traction with their ability to break into the mainstream in 2024. Market observers, in fact, predict that Kelexo (KLXO) could outperform big-caps like Solana (SOL) and Polygon (MATIC) this year.

Polygon (MATIC) Stumbles Out of the Blocks in 2024

Polygon (MATIC) is on a bearish run stretching all the way over the past 12 months. Polygon (MATIC) recorded a 26% year-on-year loss per CoinGecko statistics and Polygon (MATIC) holders are feeling the burn as Polygon (MATIC) traded at $0.74 as of press time. Polygon (MATIC) critics claim that its state execution, while offering high throughput, is largely centralized with fewer nodes that still experience congestion from play-to-earn games on the sidechain. Polygon (MATIC) critics believe the project is in danger of getting booted from the island of relevance as a broken product that needs an overhaul.

Solana (SOL) Takes a Precipitous Fall from December 2023 Highs

Solana (SOL) reached 2023 highs of $126 last December 25th. Entering 2024, however, Solana (SOL) has fallen below the $90 support range, with Solana (SOL) prices bottoming out at $85 over the past 24 hours. The Solana (SOL) price decline coincided with the broader market downturn, but the wild price swings have called Solana’s (SOL) centralization into question. While Solana (SOL) offers the cheapest fees and fast transaction speeds, it has had a history of blockchain outages and it can shut down the blockchain and lock investors out of their money at any moment.

Kelexo (KLXO) Presale Can Generate Greater Gains than Solana (SOL) and Polygon (MATIC) This Year

Newly-launched decentralized lending marketplace protocol Kelexo (KLXO) has officially gone live with stage 1 of its highly-touted presale. Kelexo (KLXO) is laying out its vision of creating a robust decentralized lending marketplace that makes it easy for borrowers and sellers to benefit from lending operations. Borrowers can enjoy 24/7 access to credit facilities through the marketplace, while lenders could offer loans fully-collateralized by their holdings and enforced entirely through smart contracts—all without the need for KYC, credit checks, or any sort of intermediation associated with TradFi lending protocols.

Market observers are bullish about Kelexo’s (KLXO) prospects in 2024 seeing as it could generate an easy 50x from its stage 1 launch price of $0.022. With the Bitcoin (BTC) halving in April widely expected to bring in another bull run of potentially epic proportions, Kelexo (KLXO) holders could be the first in line to experience parabolic gains this year. Growth-focused investors, don’t sleep on Kelexo (KLXO) this year.

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

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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Source: thinkbitcoins

On March 2, 2022, the Advertising Standards Authority (“ASA”) issued a ruling regarding an advertisement published by Floki on the London Underground. The advertisement contained the Floki logo, an image of a cartoon dog wearing a Viking helmet. The text on the advertisement stated “Missed Doge? Get Floki.” In addition, the text at the bottom of the ad stated that “Your investment may go down as well as up in value. Cryptocurrency is not regulated in the UK.”

The ASA received a complaint regarding these advertisements and began an investigation into whether the advertisements violated the Committee of Advertising Practice (“CAP”) code. Prior to running the advertisements, Floki received approval from CAP that the advertisements were in compliance with their code.

In the ruling, the ASA concluded that Floki violated the CAP code. First, it concluded that the advertisements took advantage of consumers’ inexperience or credulity by not making clear that tax could be payable on profits from investing. Second, it concluded that the advertisement irresponsibly exploited consumers’ fear of missing out and trivialized investment in cryptocurrency by using the phrase “Missed Doge? Get Floki.” Floki emphatically disagrees with these conclusions.

It is important to note that ads from major cryptocurrency brands like Coinbase, Kraken, Luno, and eToro have been similarly banned as crypto companies try to create mainstream awareness about cryptocurrency while adhering to regulatory guidelines.

The action from the ASA is that Floki may not run the particular advertisements that were banned again in the form that they were run during the London Underground advertisement campaign. No other action was implemented against Floki.

As stated above, Floki denies any of the allegations in the ASA complaint and disagrees with the conclusions reached by the ASA investigator. Floki did its very best to be compliant before running these ads and took CAP’s advice and guidance regarding what risk warnings and disclaimers needed to be included in the marketing campaign. At no point was it brought to Floki’s attention by CAP that there was a requirement for consumers to be advised on the implications of Capital Gains Tax on investments in cryptocurrency. Had this been brought to Floki’s attention, Floki would have followed such advice and included the information in their marketing campaign.

Further, Floki has retained attorney advice. Floki cannot find where in the CAP Code or ASA guidance it specifically sets out that information relating to Capital Gains Tax must be contained in any advert relating to cryptocurrencies or financial products generally. Floki denies that it violated any regulations, and it will take any action it must to ensure its legal rights are recognized.

With regard to whether Floki was irresponsible with its advertisement, Code rule 14.1 states that financial products must be set out in a way that allows them to be understood easily by the audience being addressed. Floki asserts that its logo and wording of the advertisement allow the subject matter to be understood clearly by an informed consumer as well as the risks of an investment in Floki being clearly signposted in the risk warning at the bottom of the Advert.

Floki also asserts that the phrase “Missed Doge? Get Floki,” is a legitimate advertising technique designed to capture the attention of an informed consumer. The marketing campaign itself did not mislead consumers in the investment of cryptocurrencies and the advertisement contained material information that consumers require to make informed decisions before engaging with Floki or investing generally in cryptocurrencies in compliance with CAP Code rules 3.1 and 3.3.

In short, Floki will continue to advocate for its right to advertise its product. There are no regulations that should prevent Floki from advertising in the way it did. At this time, Floki is not prevented from running advertisements in the United Kingdom, except that it is currently not allowed to run the exact marketing campaign as what was complained about in that form. Despite this recommendation from the ASA investigator, Floki will advocate for the rights of its project and its holders.

Website: https://www.floki.com/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrencies.

The post Floki’s Response to ASA Recommendation appeared first on NullTX.

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Source: thinkbitcoins

Get ready, Commanders!

WarPatronage is a fictional military-style crypto-game where you can vote to your favorite region who could win it all and become the superior nation above all of the others.

The Idea:

The project is launching a token for every bigger nation that could be the deciding factor on a possible outcome of an imaginary war. If a country (token) gets bigger, meaning it will have a bigger holder base and bigger liquidity then it wins and becomes the ruler of the others.

There are two starting countries (tokens), and they are USA and Russia. With them fighting each other, you could guess who would win by buying and holding that token. If the deadline is over, the token with the more holder base and liquidity (calculated accordingly) will WIN THE FIGHT and it will get half of the other token’s liquidity.

The Goal:

1% of the transaction fees are being stored in a different wallet with the title of: CHARITY

That means that the project will SUPPORT REAL LIFE VETERANS AND MILITARY MEDICAL FACILITIES of the winning tokens. WarPatronage guarantees good acts while providing an exciting game of guesses to the investors.

You can be a part of various countries at once if you sympathize with them and would like to support the veterans there too. That 1% of charity means a lot to who is in need.

Tokenomics:

• Total Supply: 100,000,000
• Chain: BEP-20
• Decimals: 18
• 1% Charity
• 5% Rewards
• Liquidity locked for 3 years

USA Token address: 0xd1fc3597e6F491b3E301F1231a7cc577f10F4cDA

Russia Token address: 0x2227644F1fAB989357ea6706e864d907082a4Ea5

Website: https://warpatronage.io/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrencies.

The post WarPatronage Has Just Stealth Launched 2 of Its Tokens! appeared first on NullTX.

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Source: thinkbitcoins