After the impressive Q1 rally, some investors are on the lookout for new sources of returns. Even the best-performing tokens may change direction and erase gains. This boosts the demand for Kelexo (KLXO), a new presale for a Web3 marketplace. Even previous stars like dogwifhat (WIF) and The Graph (GRT) are left aside, as they take too long to rally.
dogwifhat (WIF) aims for social media influence
It is no surprise that dogwifhat is now fighting for even more social media influence. After all, it is a meme coin, and Internet fame is its main source of value.
Recently, dogwifhat (WIF) showed signs of expansion by adding thousands of users to the Reddit community. Live events are also coming up, trying to prop up the token. dogwifhat now tries to retain its position, a difficult task given that Solana meme tokens go through boom and bust cycles that only take a few days.
The biggest problem of dogwifhat is that it will not promise utility or any vision behind the project. It is just there for the hype, and the hype is diminishing. dogwifhat (WIF) managed the feat of running up from $0.06 to $4.75 in just six weeks, but investors are aware this event is not sustainable and are preparing to roll over their funds.
The Graph (GRT) community prepares for a summit in Tokyo
The Graph serves an important task in crypto space, tracking and organizing as much as possible the data from disparate blockchains. In the past few weeks, The Graph (GRT) saw a boom of newly created Subgraphs, which are containers for analyzing a specific dataset from one blockchain.
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The Graph is also preparing for a Web3 summit in Tokyo this April 13th, which will add exposure to the project and its capabilities.
The disadvantage of The Graph is that it targets advanced users who are interested in the technology. In the long run, however, The Graph (GRT) may hold a key place among crypto ecosystems. Currently, the asset is in position 42 based on its total market capitalization.
Kelexo (KLXO) aims to build the next lending blue chip
Kelexo is tapping the growing sector for permissionless finance by adding its robust lending platform. In a simplified, no-KYC process, anyone with a Web3 wallet can be matched to the best lender and receive a loan.
This April, Kelexo (KLXO) opened up its stage 2 token presale, distributing another batch of a total of 440M tokens. Out of those tokens, the team allocation will remain locked for 500 days, ensuring even greater token scarcity.
Kelexo targets consumers who are not able to receive a loan by conventional means. The loan can be used for anything, including another crypto ecosystem. Kelexo will add helpful products like a swap platform and a crypto spending card to access loans. Tokens are now available in the fast-selling stage two presale, open on the official Kelexo (KLXO) website.
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