In a surprising turn of events, Litecoin (LTC) went bearish after its halving event on August 2. Although the token has been on a bearish trajectory since mid-July, investors thought the four-year halving event would turn the markets.
On the other hand, Binance Coin (BNB) holders benefitted from investment opportunities on the exchange. Investors are buying Borroe ($ROE) in its first presale stage after the platform raised $250,000 within five days.
Bears Take Control After Litecoin (LTC) Halving Event
Bulls were in control of Litecoin (LTC) in early July. On July 3, Litecoin (LTC) traded at $113.70, reaching a one-year high. However, the token has been on a bearish trajectory since. Litecoin (LTC) had its third halving event on August 2, and whales sold off their tokens instead of accumulating more, as predicted by experts.
According to WhaleAlert, a particular whale transferred $26 million to Binance less than 24 hours after Litecoin (LTC) halved. As a result of sell pressure from whales and retail market participants, Litecoin (LTC) traded at $93.39 on July 31 to $82.52 on August 7, 2023.
However, experts say Litecoin’s (LTC) bullish fundamentals are still strong.
The block reward for Litecoin (LTC) miners is now 6.25 Litecoins (LTC), down from 12.5 Litecoins (LTC) before halving. Even though Litecoin (LTC) is bearish due to the current mood in the market, the token will eventually surge when a bull cycle returns.
Binance Engage Ecosystem with Binance Coin (BNB) Staking
Binance, the world’s largest crypto exchange, recently made an exciting announcement for Binance Coin (BNB) holders. According to the exchange, CyberConnect (CYBER) is now available on its launch pool platform, and Binance Coin (BNB) holders can farm CYBER tokens by staking their Binance Coin (BNB).
Binance Coin (BNB) holders started farming CYBER tokens on August 2, 2023, and the process will end by midnight on August 31. By August 15, Binance will list CYBER with trading pairs, including BTC, USDT, and Binance Coin (BNB).
Binance Coin (BNB) surged 3.8% after this announcement, and the token rose from $239 on August 1 to $248 on August 2.
Investors Back Borroe ($ROE) to Succeed After the Platform Sold 25 Million Tokens In Five Days
Borroe ($ROE) is a decentralized fundraising marketplace that combines AI, blockchain, and NFTs to create opportunities for short-term liquidity for web3 businesses. Web3 participants and content creators can generate instant cash on Borroe ($ROE) by selling their future digital earnings to supportive communities at discounted prices.
Web3 businesses can mint their future subscriptions, royalties, invoices, and digital payments into NFTs and sell them to buyers that know, like and trust their brands. These buyers can also sell these discounted NFTs on secondary markets through a peer-to-peer system.
To ensure a secure and straightforward fundraising platform, Borroe ($ROE) incorporates AI risk assessment, blockchain technology, and efficient payment solutions into its platform. Buyers can also filter invoices to buy through business financial track records.
In the last week of July, Borroe ($ROE) sold 25 million tokens and raised $250,000 within five days. Currently, Borroe ($ROE) is in its first presale stage, and the token is trading for $0.0125. When all presale stages conclude, Borroe ($ROE) will hit the mainstream crypto market, sell for $0.0400 and deliver a massive price surge to early investors.
Learn more about Borroe ($ROE) here:
Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter
Subscribe to our daily newsletter!
No spam, no lies, only insights. You can unsubscribe at any time.
