Litecoin ($LTC) just crossed 175 million all-time transactions. In other coin news, $BNB troubles continue as Binance cuts down its NFT services. As a result, some analysts say $BNB holders might turn to Borroe.Finance’s $ROE token. Like many DeFi projects, Borroe.Finance combines unique real-world utility with technology. Some analysts even say it is a better project than Litecoin ($LTC).
Will these analysts be proven right?
Litecoin ($LTC) Hits New Transaction Milestone
Litecoin transactions have been on a steady increase in 2023. In August, Litecoin ($LTC) surpassed 175 million transactions. Furthermore, Litecoin has processed over 44 million transactions in 2023 alone. Overall, network activity and transactions have increased on Litecoin since the start of the year. Yet, $LTC’s price has been largely volatile.
$LTC has fallen sharply following the market crash of September 1. It was trading at $68.89 on August 29. It fell by 8.5% to $63.01 on September 1. $LTC’s price dip followed the SEC’s announcement that it would delay approvals for Spot $BTC applications till October.
By September 12, $LTC dropped to $60.41. Yet analysts say Litecoin’s network activity could propel a rally if the market turns bullish. In such a case, $LTC could rise by 16.4% to $70.32 when the market enters a bullish run. Given Litecoin’s rising network activity, it might become one of the most stable altcoin projects of 2023. But can it compete with $ROE?
Borroe.Finance Stuns The Business World With Its Innovative Revenue Finance Approach
One of the pillars of growth for businesses is access to upfront cash. Companies need the ability to raise funding for day-to-day needs instantly and cost-effectively. Yet, this remains a major issue for most Web 3.0 businesses.
Borroe.Finance ($ROE) is a platform focused on meeting the financial needs of crypto and Web 3.0 companies. The platform aims to provide instant funding for day-to-day business management at low costs. Borroe.Finance ($ROE) utilizes invoice financing – companies take loans using their future revenue as collateral.
Invoices like management fees, royalties on streams and NFTs, and even subscription fees. When collateralized, these revenues are used to obtain loans on Borroe.Finance’s marketplace. Advantages of using Borroe.Finance includes easy investments with stable returns. Furthermore, users enjoy discounts on loan requests.
Borroe.Finance is advancing its blockchain ICO. It just entered Stage 1 of its presale with a 25% price jump. Its price is now $0.0125. By Stage 2, it will rise to $0.0150, with a 50% jump from its initial price of $0.0100.
Furthermore, it will rise to $0.0400 by the end of its presale. Investors who bought at the starting price would have gained 300% ROI by the end of $ROE’s presale. Few tokens have offered such growth in 2023, meaning Borroe.Finance might be one of the top DeFi projects.
$BNB Losses Mount as Binance Delists Polygon and Sandbox NFT programs
On September 8, $BNB’s Binance exchange announced it would discontinue support for Polygon NFTs on its marketplace. A day earlier, it announced it would discontinue support for The Sandbox staking program. Following the announcement, $BNB slid further. $BNB was trading at $214 on September 8. By September 11, it closed at $206, falling by 3.7%.
Binance’s decision comes at the same time executives are quitting and leaving a trail of controversies in their wake. The exchange has reduced its service offerings after being sued by the Securities and Exchange Commission (SEC). The reduction of these services includes delisting several tokens and trading pairs in the past few months.
Analysts say $BNB could drop further if Binance’s legal troubles escalate, reducing investor confidence in $BNB. These analysts say $BNB will drop by 2.3% to $208 if Binance removes more of its financial services. $BNB’s current woes mean it’s not a good crypto to buy, especially when compared to $ROE.
Learn more about Borroe.Finance ($ROE) here:
Visit Borroe.Finance ($ROE) Presale | Join The Telegram Group | Follow Borroe on Twitte
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