Market shift: Investors pivot to BorroeFinance amid declining prices of Solana and XRP

November 23, 2023 03:00 AM PST | By Invezz

Market shift: Investors pivot to BorroeFinance amid declining prices of Solana and XRP — Image source: Invezz

Analysts predict massive price surge for $ROE in 2024

Investors are pivoting to a brand new high-utility token called BorroeFinance ($ROE). BorroeFinance is an AI-powered funding marketplace that allows web3 content creators and participants to raise instant cash by selling their future digital earnings.

On BorroeFinance, web3 businesses can mint their future income into trending NFTs and sell them at discounted prices to their audience.

Currently, $ROE is in its second presale stage, and the token is selling for $0.015. When all presale stages conclude, $ROE will hit the mainstream crypto market, debuting at $0.04. This means the price movement during the presale will have delivered a 167% ROI to early investors.

Furthermore, analysts predict $ROE could surge significantly and trade for $0.075 by April 2024, thanks to the upcoming BTC halving.

SOL bulls lose momentum in mid-November

Recently, data from Lookonchain (one of the best cryptocurrency analytics platforms) showed that Solana might soon face a price crash. FTX recently transferred 250,000 SOL to the Kraken exchange. These Solana tokens are worth $13.6 million, and offloading them will cause SOL oversupply in the market and increase selling pressure.

Solana’s bullish momentum is already waning, and SOL only gained 6.65% in the third week of November.

On November 13, SOL sold for $56.89. A week later, SOL surged and sold for $60.62. This is the first week in Q4 where SOL did not record a double-digit price surge, and analysts have interpreted this move as Solana bulls giving up control. Therefore, SOL may likely trade for $50 in early 2024.

Ripple Labs’ next hearing to coincide with BTC halving

The US Securities and Exchange Commission (SEC) and Ripple Labs still have an ongoing court case, and the next trial date is set for April 2024.

Coincidentally, the next Bitcoin halving event will take place in April, meaning investors worldwide will have their eyes set on the BTC and Ripple. More focus on an asset in the financial markets usually means high volatility, either bullish or bearish.

XRP is already down 5.18% in November due to declining investor enthusiasm. On November 13, XRP traded for $0.653. A week later, XRP fell and sold for $0.618.

According to analysts, Ripple could decline in the months leading to its trial, which means XRP will likely trade for $0.451 by March 2024.

Learn more about BorroeFinance ($ROE) by visiting BorroeFinance presale or join their Telegram group.

The post Market shift: Investors pivot to BorroeFinance amid declining prices of Solana and XRP 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.