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As Bitcoin (BTC) is discussing a possible new chapter of post-halving problems and Ethereum (ETH) gets bullish price forecasts on the back of ETF possibilities, Kelexo turns attention to itself with the launch of its inventive web3 lending platform, targeting to disrupt finance through decentralized lending. KLXO is changing hands at $0.028 in stage one of its presale.
Kelexo prioritizes users’ assets, security and governance of the ecosystem.
JP Morgan predicts Bitcoin post-halving challenges
JP Morgan’s latest research report raised concerns that the coming halving event for Bitcoin, which is expected in April, has a potential negative effect.
The bank has suggested that a decrease in miner rewards and higher production costs will bring down the prices of Bitcoin.
The report estimates that the post-halving production cost could tumble to $42,000 with it, as well as projecting a 20% decrease in the network’s hash rate.
This scenario could pose challenges for Bitcoin miners, with those having higher costs struggling, while larger publicly listed miners are expected to gain market share post-halving.
Spot Ethereum ETF optimism boosts price
Prominent market analyst and television personality Jim Cramer has expressed hopes that Ethereum exchange-traded funds (ETFs) would do as well as the spot Bitcoin ETFs have done.
This has come in the backdrop of the price of Ethereum gaining above $3,400.
In the wake of this disruption, Coinbase has sought the SEC nod to list the Grayscale Ethereum (ETH) Trust on NYSE Arca and become the latest company to express interest in rolling out Ethereum based investment products.
Looking ahead, ETH may rally to $4,000 on the prospects of spot Ethereum ETFs approval in 2024.
Kelexo and DeFi
Kelexo offers a peer-to-peer (P2P) lending solution, bypassing all the hassles related to legacy banks.
In the ongoing Kelexo presale, KLXO is available for $0.028.
The platform prioritizes decentralization and transparency to solve prevailing issues among lending systems, drawing investors as a result.
KLXO is limited in supply. Already, analysts are bullish on the token.
Conclusion
Kelexo is a transformative forces that may define the new norms of banking and promoting financial inclusion through decentralized solutions.
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