.png){kind=logo}
The crypto market is in constant motion and many things can change in the fast-paced industry. Much of the industry has accepted this as the standard and as such, blockchains are expected to (and indeed do run) completely without interruption. Whenever a network experiences an interruption, it tends to affect its price as well.
Solana (SOL) has experienced this in the past and Avalanche (AVAX) appears to be seeing a price drop following an extended network outage. We analyze what these changes have been and how they affect investors. We also look at the exciting DeFi project, Kelexo (KLXO) predicted to grow significantly.
Yesterday, Avalanche (AVAX) had an extended outage that frustrated developers and investors. One of Avalanche's (AVAX) main networks experienced a huge delay in block production for over 4 hours. Avalanche (AVAX) has released a statement, claiming it was an esoteric bug connected to some new applications.
However, it appears the damage has been done, with the token declining by around 3%. At press time, Avalanche (AVAX) is valued at $36.82, some 8% down from a week ago.
Some relief for Avalanche (AVAX) investors is that coins like Solana (SOL) have recovered from outage-related declines. For Solana (SOL), this came early in February. It has recovered since then, going as high as $120 at one point.
Solana (SOL) trades at $102.90 at the time of writing, going up by 9% from the end of January. Solana (SOL) has also decreased by 8% from a week ago but seems stable at $102.
DeFi projects are quite popular because they improve crucial aspects of finance with blockchain technology. Kelexo (KLXO) is a new DeFi project that is concerned with an important part of finance getting loans. It is a web3 innovation that makes it easy and quick to get loans.
Delays, for whatever reason, are frustrating. Whether this is a delay in block production or to get a loan, it can be quite frustrating. With conventional loan platforms, there are many delays due to complex identification procedures and middlemen. Kelexo (KLXO) will eliminate both of these and allow users to get loans in a few minutes.
Kelexo (KLXO) offers exciting rewards to investors as well. It comes at a low presale price of $0.028 which allows for bigger holdings and possibly more returns than other projects. According to early analysis, a 30x rise is very likely for Kelexo (KLXO).
With its prospects, Kelexo (KLXO) seems like the best option for investors right now. With many other projects currently in decline, Kelexo (KLXO) seems like the token for the future. Seasoned investors are getting into this project that they think could be a blue-chip token.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
