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Sui (SUI) and XRP holders have been in the red since early February. Kelexo (KLXO), a Web3 lending protocol, is currently being considered by XRP and SUI traders.
Sui and XRP prices stabilized in February
SUI, the native currency of Sui, the blockchain platform created by former executives of Meta's Diem blockchain and Move programming language, will stabilize in early February.
The coin is up 0.3% for the month, and experts expect the price to remain range-bound for the next few days.
Similar to SUI, XRP is also under pressure across the board, up $0.9 on the month.
Because of this, XRP and SUI are exploring alternatives, including KLXO, in search of profits.
Kelexo’s growth potential
Kelexo is a lending platform that connects lenders and borrowers without intermediaries.
It is a peer-to-peer (P2P) platform that does not require any KYC process.
Users can easily list their loans, and loan seekers can easily find them.
Kelexo has low transaction fees, making it a cost-effective option for users.
The platform is gaining popularity among value-seeking investors, especially with the ongoing presale.
In Stage 1, KLXO is trading at $0.048.
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