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Sui (SUI) and XRP holders are in the red in early February. Kelexo (KLXO), a web3 lending protocol, is now being explored by XRP and SUI traders.
Sui and XRP prices stabilize in February
SUI, the native currency of Sui, a blockchain platform created by former executives of Meta’s Diem blockchain and Move programming language, is stable in early February.
The coin is up 0.3% for the month, with experts predicting prices to remain in range in the coming days.
Like SUI, XRP is also up $0.9 for the month, and generally under pressure.
For this reason, XRP and SUI are exploring alternatives, including KLXO, in their quest for gains.
Kelexo’s growth potential
Kelexo is a lending platform that connects lenders with borrowers without intermediaries.
It is a peer-to-peer (P2P) platform that does not require any KYC process.
Users can easily list their loans, while loan seekers can easily find them.
Kelexo offers lower transaction fees, making it a cost-effective option for users.
The platform is gaining popularity among value-seeking investors, especially in the ongoing presale.
In stage 1, KLXO is trading for $0.048.
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