Cryptocurrency investors are keeping their fingers crossed as they anticipate an Easter holidayrally. The crypto market has been battered in the past week due to high Bitcoin (BTC) outflowsfrom ETFs and the U.S. regulators filing a criminal charge against KuCoin. Investors are nowhoping that prices could turn for the better.
After Bitcoin (BTC) surged past $70,000, investors are flocking to buy their favorite altcoinsagain. Avalanche (AVAX) and Bitcoin Cash (BCH) communities have been drawn to Kelexo(KLXO) because of huge upside potential, with analysts claiming that 100x gains are a possibility.
Is Kelexo (KLXO) worth the investments from Avalanche (AVAX) and Bitcoin Cash (BCH)communities? Bitcoin Cash (BCH) Rips Ahead of Halving Event
Trading at $581.49 at the time of writing, Bitcoin Cash (BCH) has gained 38% in the past week asit prepares for the halving scheduled for April 4. Presently, the block reward stands at 6.25Bitcoin Cash (BCH) but will be reduced to 3.125 Bitcoin Cash (BCH). This adjustment will slashthe daily supply of Bitcoin Cash (BCH) and potentially affect its price.
Moreover, the open interest on futures contracts tracking Bitcoin Cash (BCH) has experienced asignificant uptick, more than doubling to $500 million on March 28th from $213 millionrecorded the previous week. This shows a growing interest in Bitcoin Cash (BCH) just before animportant event takes place. It remains to be seen if investor interest will wane after the Bitcoin Cash (BCH) halving.
75% of Avalanche (AVAX) Holders are in Profit
About three-quarters of Avalanche (AVAX) holders are in the green. This usually indicatessignificant movements in asset valuation. Avalanche (AVAX), a top-ten cryptocurrency, hasgained 34% in the past week. At the time of writing, Avalanche (AVAX) is going for $54.46,about 2% lower than the previous week.
With the majority of Avalanche (AVAX) holders in profit, there is growing optimism that its pricecould reach $70. On the other side, analysts have warned that lack of upside potential could seeAvalanche (AVAX) holders booking profits, resulting in selling pressure.
Kelexo (KLXO) Set for 100X Gains
The Easter holiday has left the majority of investors searching for altcoins to give them short-term gains. On the other hand, savvy investors are looking for long-term gains by investing inundervalued cryptocurrencies. Kelexo (KLXO) offers investors the potential for 100x gains.
Kelexo (KLXO) is a lending platform that connects lenders with borrowers. The platformleverages AI to make evaluations that could result in higher investment yields. At the sametime, Kelexo (KLXO) investors can also earn a passive income for as long as they hold thetokens. Kelexo (KLXO) is a utility token that can be used to pay lower fees on the platform andgive holders access to the platform's premium features.
Analysts are projecting that Kelexo (KLXO) can grow 100X in the coming months and investorswho buy the token for only $0.05 during the ongoing presale will have a major head start.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does notreflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, orfinancial advice.
