Exploring new investment avenues beyond Monero (XMR) and Cardano (ADA) for 2024

December 24, 2023 03:00 AM PST | By Invezz

Exploring new investment avenues beyond Monero (XMR) and Cardano (ADA) for 2024 — Image source: Invezz

Monero to support users in Mexico and Colombia

On December 12, 2023, Monero took to social media X to announce news for the XMR community in Mexico and Colombia. With this announcement, the crypto project revealed their partner Guardarian to support their new payment methods, SPEI for Mexico and PSE for Colombia.

We have some great news for our users in Mexico and Columbia!

Our partner, @guardarian_com now support two new payment methods:

➡️SPEI for Mexico
➡️PSE for Columbia

Adding these new payment methods makes it even more accessible for all our users around the world to buy #XMR! pic.twitter.com/L1dUTcvTuz
— MyMonero (@MyMonero) December 12, 2023

Looking at Monero’s price analysis, XMR has been seen trading in a consolidated range between $165 and $175. Since the announcement, XMR has made multiple attempts to break its higher level. Still, the bears overpowered the bulls, dropping the token’s price from $173 to $170 on December 18.

Monero’s technical indicator MACD level displays a constant red histogram, prompting the possibility of XMR to drop further. Some analysts anticipate that if bulls gain power and manage to hold $170, then XMR is likely to rise to $180 by the end of 2023.

Conversely, if bears take over, XMR might fall to $160. Therefore, investors are watching new DeFi projects like Borroe Finance, which is shining in the presale stage.

Borroe Finance’s presale stages are creating a stir

As a newcomer in the crypto scene, Borroe Finance has created shocking waves, racking up more than 182 million $ROE tokens in presale stages. Beyond a mere cryptocurrency, Borroe Finance signifies a revolutionary shift in the crypto market.

As a pioneering AI-powered funding marketplace, Borroe Finance has recognized itself on the DeFi and NFTs landscape. For those on the hunt for the best crypto to invest in, $ROE offers a unique blend of AI and blockchain that will redefine digital finance.

Moreover, Borroe Finance’s platform fosters a peer-to-peer ecosystem that allows buyers to trade discounted invoice NFTs on secondary markets easily. On top of that, Borroe Finance’s platform facilitates automatic repayments for buyers’ convenience.

At this moment, $ROE is in Stage 3 of its presale. $ROE token is priced at $0.0175. Coming to Stage 3, investors have already accumulated an impressive 16.67% gain from Stage 2 price.

By the end of the presale, early investors will gain a 300% surge from their initial price after $ROE reaches $0.04. Therefore, investors are captivated by $ROE as the best cryptocurrency to explore new investment opportunities in 2023’s end.

Cardano founder stands against partnership with XRP

On December 17, 2023, a heated exchange unfolded on social media X between Cardano founder Charles Hoskinson and the XRP community. Cardano’s founder stood by his previous bold proclamations against XRP, responding affirmatively.

In addition, the ADA founder maintained his position, citing two years of harassment by a member of the XRP community in the comment section as the basis for his stance.

Two years of daily harassment by the community, the lack of technical overlap between Cardano and XRP, and the different product market fit.

Projects like Tezos, Algorand, Polkadot, Ethereum, and Cardano are solving similar problems. Ripple is built for a different purpose. The…
— Charles Hoskinson (@IOHK_Charles) December 17, 2023

Cardano’s price analysis shows that bears are taking over the market as ADA falls below the $0.60 mark. Despite marking a 19-month high of $0.67 on December 1, ADA has hit a roadblock.

Experts anticipate Hoskinson’s tweet might not have much impact on Cardano price. Yet, since the ADA founder’s statement, Cardano has fallen apart, dipping from $0.62 to $0.56 on December 18. Also, the statistics on the Cardano market show high selling pressure on ADA, marking a 9.67% decrease.

The technical indicators on the ADA chart show the RSI sits at 45 with a bearish outlook. Moreover, the MACD of Cardano is also located in the bearish zone. Experts predict that bears will push ADA prices to even lower towards $0.55 by the end of 2023. However, optimistic developments such as institutional interest could keep the altcoin elevated.

Learn more about Borroe Finance ($ROE) by visiting Borroe Finance presale or Join The Telegram Group |

The post Exploring new investment avenues beyond Monero (XMR) and Cardano (ADA) for 2024 appeared first on Invezz

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.