With a whale moving Bitcoin from crypto exchange BitMEX, a HODL trend continues to engulf the BTC network, with price recently hitting highs of $50,800.
Meanwhile, Borroe Finance ($ROE) is emerging as a significant Chainlink (LINK) and Monero (XMR) challenger as the altcoin rise gets forthway.
Borroe Finance’s Out-of-the-Box Web3 Fundraising Platform
Borroe Finance borrows a leaf from the “Innovation Pays” slogan since its revamping the tiresome fundraising process accustomed to the Web3 sector.
As one of the new best DeFi projects, Borroe Finance’s innovative peer-to-peer (P2P) marketplace is powered by leading technological innovations, such as smart contracts, non-fungible tokens (NFTs), artificial intelligence (AI), and blockchain.
Specifically, Borroe Finance offers Web3 players with a platform where they can mint their future incomes as NFTs, which they sell off on the marketplace for immediate cash.
As a result, Borroe Finance is able to tame the short-term capital challenge that Web3 businesses and content creators face based on factors like irregular payments.
Therefore, Borroe Finance is materializing as one of the viral token launches thanks to its long-term objective of eradicating entry barriers in the Web3 space.
Investors are not oblivious to this goal, given that the fear of missing out has already engulfed the Borroe Finance ecosystem based on the accumulation spree being witnessed.
For instance, more than $2.81 million has been raised at presale, with at least 232 million $ROE tokens purchased.
$ROE is Borroe Finance’s governance token that enables users to enjoy premium features like advanced analytics.
Security is at the Heart of Borroe Finance
As scams and fraud wreak havoc in the crypto space, Borroe Finance looks at the bigger picture by deploying AI for enhanced risk assessment.
Notably, AI comes in handy as it enables Borroe Finance to produce authentic credit scores that determine users’ loan eligibility, making it a good crypto to buy.
Furthermore, Borroe Finance has been heavily scrutinized by leading audit firm BlockAudit.
With Borroe Finance being a safe bet, the network is showcasing itself as one of the best cryptos to invest in on the foundation of its long-term objective of lowering entry barriers in the Web3 sector.
As a result, this innovation is playing an instrumental role in enabling Borroe Finance to be a significant Monero and Chainlink challenger, making it one of the altcoins to watch.
Bitcoin Skyrockets to the $50,000 Zone
Bitcoin looks set to breach the psychological price of $55,000 after hitting the $50,000 level, with the crypto market cap soaring by at least 50%.
BTC was up by 11% in the past week to hit $48,010 at the time of writing, according to CoinGecko data.
This bullish momentum can be attributed to the accumulation pattern being experienced in the Bitcoin network, as evidenced by the Whale’s move.
Specifically, coins are usually transferred from crypto exchanges to cold storage or digital wallets for future purposes other than speculation, and this move is usually bullish since selling pressure is slashed.
Bitcoin is also experiencing steady capital inflows from spot exchange-traded funds (ETFs), which saw the greenlight on January 11 after they were approved by the United States Securities and Exchange Commission (SEC).
Therefore, Bitcoin hits the $50,000 pre-halving. Leading market analyst Michael van de Poppe stipulated that the top cryptocurrency would surge to the zone between $53,000 and $55,000 before the halving event slated for April this year.
Therefore, time will tell how Bitcoin shapes up in the short term.
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