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When a cryptocurrency recovers from a bear market, some analysts often advise investors to hold it because they believe the coin is in the best position to rebound and could be poised to run on the green charts again. However, when a better opportunity arises, it is often impossible to stop investors. This has been the case for Bitcoin Cash (BCH) and Ethereum Classic (ETC).
Why are whales abandoning Bitcoin Cash (BCH) and Ethereum Classic (ETC)?
The highest price paid for Bitcoin Cash (BCH) was $3,785.82 seven years ago, on December 20, 2017. Since then it has seen a steady decline in value, where it is currently sold for a 90% loss. Bitcoin Cash (BCH), which emerged as a result of Bitcoin’s chain fork and adjustment, shares many core features and on-chain data with the original Bitcoin framework.
Likewise, Ethereum Classic (ETC) is a variant of Ethereum that was created similar to the original following a hack in 2017. Due to the security breach, Ethereum (ETH) changed its protocols and expanded its services, while Ethereum Classic (ETC) took over the old tasks and protocol. Ethereum Classic (ETC) functions as an open-source platform where developers can host decentralized applications.
It is a smart contract network that operates with a proof-of-work model as opposed to the current Ethereum model. Ethereum Classic (ETC) has recently fallen from a peak of $167.09 to a low of $23.70 and its usage is not in as much demand as it once was.
Kelexo (KLXO) Vs Ethereum Classic (ETC) and Bitcoin Cash (BCH): Can Kelexo (KLXO) Succeed?
Debuting as one of the few Web3 applications under DeFi under a fully decentralized business model, the uncertain future Kelexo (KLXO) aims to reinvent digital credit financing and investments, according to the sponsored content poster. With no KYC required and transactions being completed within minutes, Kelexo (KLXO) claims to increase the speed of lending processes. While traditional banks require evidence such as documented collateral, government ID, residence and employment details, Kelexo (KLXO) allows you to protect your privacy and will allegedly run background checks using AI algorithms for the truly important details. The project is new and its future is uncertain, and the investment carries the risk of loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Kelexo (KLXO), Ethereum Classic (ETC) and Bitcoin Cash (BCH) are being closely scrutinized by whales, with its value and demand likely to rise above the current price within a few weeks. It confirms the potential and advantage of Kelexo (KLXO), whose future is uncertain, over Ethereum Classic (ETC) and Bitcoin (BCH). The current presale price in phase one is just $0.022, with the total supply being 440,000,000 tokens with bonuses. Do not take any action on projects that you do not trust in the project and its team. There is a risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Ethereum Classic (ETC) and Bitcoin Cash (BCH) may be two great platforms as they are offshoots of the main systems that are still in place and may be in a downtrend, but their demand and value are secondary. As for Kelexo (KLXO), it is unclear whether its future will be successful or not.
Click to review Kelexo token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and carry the risk of investment loss. Do your detailed research before making any transaction.