Stellar and XRP, two major players in the cryptocurrency market, are currently experiencing fluctuations in their prices and market activities. While Stellar faces a fierce struggle between bulls and bears, XRP undergoes notable price surges followed by prompt selling pressures.
Meanwhile, a new player in the crypto space called Kelexo is drawing both Stellar (XLM) and XRP investors poised to disrupt streaming with groundbreaking features before Bitcoin’s (BTC) halving. Moreover, many investors are making moves to secure their slots in the Kelexo (KLXO) presale so that they don’t miss out on the promising substantial returns in the near future.
Stellar (XLM) price battle and market activity analysis
The Stellar price is currently experiencing a fierce struggle between bulls and bears, leading to a prolonged period of consolidation. Despite a brief upward movement from $0.107 to $0.16 from February to mid-March, the bears swiftly regained control, resulting in a downward trend for Stellar (XLM). Conversely, a failure to hold above $0.107 may lead to further price decreases.
Stellar’s current market capitalization is $3.76 billion, down from $4.5 billion, and its 24-hour trading volume is $70.7 million. Changes in market capitalization can signal potential price movements, and a high market cap combined with low trading volume affects liquidity for Stellar (XLM).
Examining XRP’s recent price dynamics
On April 9th, XRP’s price surged significantly, reaching a peak of $0.64. However, buyers’ attempts to sustain this upward momentum were met with prompt selling from bearish traders, resulting in a decline to $0.60 by April 10th. Presently, indicators such as flat moving averages and the Relative Strength Index (RSI) hovering around the midpoint suggest a state of equilibrium between supply and demand for XRP.
Advertisement
This equilibrium may likely confine the XRP trading range within the boundaries of $0.56 and $0.69 in the immediate future. Should XRP surpass the $0.69 mark, it may signal increased buying interest, potentially propelling the price toward the formidable resistance level at $0.74. Conversely, a breach below $0.56 could trigger further selling pressure, potentially driving the price down to $0.48.
Bitcoin (BTC): Zest protocol launches lending markets on stacks
Zest Protocol, a lending application, has launched its first lending markets on the Bitcoin layer-2 platform called Stacks. This allows Bitcoin (BTC) holders to take part in on-chain money markets. Muneeb Ali, the CEO of Trust Machines, who helped start Zest Protocol, sees this as a step towards making Bitcoin a global reserve asset. Investors are excited about Runes, a new protocol for Bitcoin that is set to launch after the halving event.
The Bitcoin finance ecosystem has already surpassed $1.3 billion in total value locked, with Stacks representing over 10% of it. Despite recent economic developments, such as the US Consumer Price Index climbing higher than expected, Bitcoin (BTC) has shown resilience. After a slight correction, Bitcoin quickly recovered and reclaimed the $70,000 price level, growing by 1.8% in the last 24 hours.
Kelexo (KLXO) draws more investors
Securing a loan from traditional banks can be tough for many people. They usually deal with expensive charges, tons of forms to fill out, and very strict rules made by the banks. This is especially hard for those with a bad credit history or other financial problems. Sometimes, brokers get involved, making the process even longer. But now, Kelexo (KLXO) is changing the game. The peer-to-peer lending market has been booming lately.
It’s expected to grow even more, from $143.54 billion in 2023 to $190.22 billion in 2024. Kelexo is one of the first online lending platforms to use blockchain technology. This makes it super secure, transparent, and controlled by its users, not big banks. Currently, Kelexo (KLXO) presale is in Stage 2, with tokens priced at $0.05. With its growth potential, investing in Kelexo early could lead to some big gains.
Advertisement
Find out more about the Kelexo (KLXO) presale by visiting the website here.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
