Bitcoin ($BTC) entered the $27,000 zone for the first time in September. Yet, Bitcoin struggles to maintain a strong performance due to current bearish sentiments. Elsewhere, Ethereum ($ETH) is celebrating a new zkEVM scaling solution. Hopefully, that would brighten its September fortunes.
Still, right now, only Borroe.Finance ($ROE) seems safe. It aims to create fast and low-cost borrowing lines for the Web 3.0 industry. $ROE’s projections are strong, but can it become a top ICO? Let’s discuss.
Borroe.Finance ($ROE): Uplifting Web 3.0 businesses Via Secure and Efficient Funding
Borroe.Finance ($ROE) is designed to help businesses get fair and equal access to fundraising opportunities. The platform helps Web 3.0 businesses meet their short-term capital needs. Borroe.Finance provides efficient credit lines that enable its members to obtain instant cash flow.
It helps users convert their future and outstanding revenue into collateralized NFTs. Once complete, these NFTs are sold to communities that support the projects. When purchased, sellers receive short-term capital loans. Users who purchase Borroe.Finance NFTs get special discounts and other rewards. For instance, some NFTs come with access to corporate events.
Borroe.Finance ($ROE) funding applications can be approved within one hour. Likewise, applying on the platform can be completed within 5 minutes. Furthermore, there are rewards for selling and buying invoice NFTs on Borroe.Finance. It also rewards users for repaying loans.
Borroe.Finance is in Stage 1 of its presale. It has already sold over 90 million tokens as it prepares for Stage 2 of its presale. $ROE’s current price is $0.0150. The next Stage 3 price equals $0.0200, and another price rise.
Bitcoin ($BTC) Reaches Over $27K as Momentum Builds
Like other top 5 cryptocurrencies, Bitcoin ($BTC) was severely affected by the market downturn of September 1. The market had slumped after news of delays to applications for Spot ETFs for Bitcoin. $BTC tanked in the wake of the news. Yet, Bitcoin’s trading activity is rising and building momentum that could push it out of its current slump.
$BTC was trading at $26,608 on September 15, two weeks after the market slump of September. With rising positive investor sentiment, $BTC’s “high” on Coinmarketcap reached $27,414 on September 18, rising by 3.0%. However, $BTC closed at $26,754 that same day, rising by 0.5% from its September 15 price.
Bitcoin’s ($BTC) trade volume has risen consistently since September 1. Analysts say it will rise further if the SEC approves one or two Spot ETF applications for Bitcoin in October. If Bitcoin’s trading activity rises further, $BTC could jump by 5.7% to $28,300.
Ethereum ($ETH) Prepares for Launch of Community-built zkEVM Scroll
On September 18, 2023, a group of developers unveiled a new scalability solution for Ethereum ($ETH). They revealed a zero-knowledge Virtual machine (zkEVM). According to the project’s founder, their zkEVM would compress data off-chain, leading to higher throughput.
Furthermore, Ethereum’s zkEVM scroll would have a higher block gas limit, allowing it to process larger transaction blocks.
The announcement comes amid high volatility for Ethereum ($ETH) since the market slump of September 1. $ETH was trading at $1,628 on September 1 after the market fall. With high volatility, $ETH fell by 4.7% to $1,551 on September 11. By September 18, $ETH had risen to $1,637 after the announcement of the Ethereum zkEVM scroll.
Ethereum ($ETH) and other top altcoins still face network congestion, so there is a need for scaling solutions. Yet, no one knows how much impact Ethereum’s zkEVM scroll has.
Analysts say Ethereum’s zkEVM scroll will face competition from Polygon and Optimism. These analysts expect $ETH to drop by 1.9% to $1,605 if its current volatility continues. Due to current bearishness, $ETH is not a good crypto to buy now.
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