On May 17, Coingecko (one of the world’s best crypto news platforms) revealed the top fastest blockchain by throughput per second (TPS). According to available data, Solana came first, Ethereum (ETH) came in at 17th position, while Bitcoin (BTC) came in at 20th position. On the other hand, Borroe Finance ($ROE) plans to reward early investors with a massive ROI in 2024. Keep reading to see what experts think about these tokens.
Spot BTC ETFs Purchase 14,000+ Coins in One Week
On May 18, Bitcoin Magazine (a leading BTC news forum) revealed that Spot Bitcoin ETFs purchased about 14,389 BTC (worth approximately $1 billion) in the third week of May. According to reports, Blackrock iShares, Fidelity WiseOrigin, and ARK 21 Shares led the purchase rally. Recall that the US SEC approved Spot Bitcoin ETFs for the first time on January 10, 2024.
Interestingly, BTC remained bullish in May amid a declining crypto market. On May 13, BTC traded at $62,970. A week later, BTC gained 6.35% and sold for $66,807. Even though Bitcoin tested as a relatively slow blockchain, BTC remains the best crypto investment for long-term ROI. Due to a recent halving and the current progress in the Spot Bitcoin ETF market, experts predict that BTC will hit $80,000 for the first time in 2024.
ETH Bounces Back, Trades Above $3,000 After Brief Dip
Before Ethereum migrated to the Proof-of-Stake model, blockchain users often complained of its slow, inefficient operation. Even though the Ethereum chain works much faster now, reports show that it is still super slow compared to its major competitor Solana. According to Coingecko, the Solana ecosystem has a TPS of 1,053, while Ethereum only boasts 22.70 TPS. Interestingly, Bitcoin only has a TPS of 10.73.
However, ETH remains one of the best altcoins for investment, and Ethereum’s Fear and Greed Index stood at -61 on May 20. For context, ETH traded at $2,979 on May 13. By May 20, ETH already gained 4.12% and sold for $3,104. Thanks to Ethereum’s Shanghai upgrade, developers now enjoy reduced gas fees while transacting with ETH. As a result, experts predict growth in Ethereum’s ecosystem and a $3,800 ETH before the year runs out.
Investors Back $ROE to Succeed After Main Crypto Market Launch
Bitcoin and Ethereum may control 65% of the crypto market. However, new DeFi projects with high utility are entering the blockchain industry every day, and Borroe Finance ($ROE) is one such project. Borroe Finance plans to make short-term liquidity more accessible to web3 businesses by allowing them to sell their future income at a discount. According to experts, Borroe Finance is the world’s first web3 invoice discounting NFT marketplace.
$ROE’s presale is over and the token is preparing to launch at $0.025 in a few days. According to crypto experts, $ROE will likely gain widespread market acceptance after it hits the crypto market due to Borroe Finance’s mouth-watering utility. As a result, $ROE will likely record a massive price surge and deliver significant ROI to $ROE’s early investors.
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