In an exciting development, the founders of the DYDX (dYdX) chain have decided to award all garnered gas fees to stakers and validators within the network. Also, BorroeFinance ($ROE) joins the top DeFi projects, consistently printing green candles on the charts. Similarly, a partnership with Avalanche (AVAX) blockchain consequently triggered a surge in the price of Cosmos (ATOM).
Which of these top crypto coins is suitable for investment based on recent happenings? Let’s find out!
DYDX To Allot Network Fees To Validators
A report circulating on October 27 disclosed a recent move by the developers of the DYDX (dYdX) chain. It stated that effective immediately, all validators and stakers within the DYDX (dYdX) blockchain are entitled to the network fees generated within the protocol. This decision is a strategy devised to expand the versatility of the dYdX token on the v4 mainnet.
The alpha mainnet of DYDX went live at 1 PM EST on October 26, with validators creating the leadoff blocks. This move constitutes a remarkable transitional period for the decentralized exchange firm. Moreover, the DYDX foundation acknowledged the far-reaching use cases of the dYdX token in v4 for governance and strengthening the network’s security.
The report spurred an increment in the price of dYdX. As the charts reflect, dYdX gained 25.35% between October 23 and October 29, rising from $1.97 to $2.90. Given the positive reaction to the development, analysts posit that the token could range as high as $3.00, indicating a potential 1.24% price increase.
BorroeFinance Returns 50% Profit To Investors
DYDX (dYdX) isn’t the only token trending higher lately. A new DeFi project that recently penetrated the crypto scene,BorroeFinance ($ROE ), is also making upward strides. The $ROE token has presented itself as the best crypto to invest in in the decentralized finance landscape.
BorroeFinance is a decentralized finance platform for businesses and individuals to upscale their financial positions. It is a marketplace for trading outstanding invoices for immediate cash. People who benefit from BorroeFinance’s offerings include content creators and businesses utilizing Web3 solutions.
BorroeFinance is a relatively recent innovation that leverages blockchain technology to tokenize future earnings. As common amongst blockchain projects, BorroeFinance rides on the capabilities of its native token, $ROE. It is a deflationary token designed to operate on the Polygon blockchain.
While in its presale phase, $ROE has delivered 50% returns to investors after soaring from its Beta Stage price of $0.010 to its second stage price at $0.015. BorroeFinance investors stand to realize another 167% profit from $ROE’s imminent rise to the final stage price of $0.040. This projection makes $ROE the best cryptocurrency to buy today.
Cosmos Set To Launch IBC On Avalanche
Landslide Network, the pioneering IBC vehicle on the Avalanche (AVAX) chain, will initiate a new incentivized testnet on Avalanche On November 1. This upgrade, sponsored by Cosmos (ATOM), will enable Avalanche to become compatible with more than 100 Cosmos-based SDK networks.
With this, Avalanche C-Chain will connect directly to the Cosmos (ATOM) network hub.
The Interchain Foundation announced this via its official Twitter (now X) handle on October 31. The CEO and co-founder of Landslide, Nathan Windsor, expressed utmost excitement about this project.
Officials from the Avalanche and Cosmos networks echoed the potential impact of this partnership on the protocols and their native tokens, AVAX, and ATOM.
While a decline followed the news in the value of ATOM, the Cosmos token has been in an elevated mood over the last two weeks. From October 23 to October 31, Cosmos (ATOM) rallied 15.28%. This increase saw ATOM rise from $6.75 to $7.82.
Based on this outlook, experts have predicted the potential region to expect Cosmos (ATOM). According to them, ATOM is targeting levels above $8. The Cosmos ATOM token requires a 2.23% boost to exceed the $8 mark.
Learn more about BorroeFinance ($ROE) here:
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