The Next Wave in Crypto: Key Assets to Monitor
Portland
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October 22, 2023 02:51 PM Pacific Daylight Time
A new DeFi project, BorroeFinance ($ROE), is making waves in the crypto landscape as a groundbreaking innovation with exceptional real-life utility. While investors monitor $ROE, a recent development on the crypto scene inducing a swift upswing in digital assets such as Bitcoin SV (BSV) and Avalanche (AVAX) has also captured broader attention.
Which of these top crypto coins is driving the most waves in the crypto space? Let’s find out!
TLDR
BorroeFinance ($ROE) provides a marketplace for Web3 content creators to profit from future earnings.
Bitcoin SV (BSV) recorded a 10% increase in price.
Avalanche (AVAX) new contract addresses achieve a six-month milestone.
BorroeFinance: A Marketplace For Web3 Content Creators
BorroeFinance is one of the latest top DeFi projects to foray into the crypto sector. As a Polygon-centred innovation, BorroeFinance, via the capabilities of $ROE, seeks to create an avenue for Web3 content creators and users to benefit from their contributions to the sector.
Essentially, BorroeFinance is a marketplace empowered by artificial intelligence technology where creators within Web3 can generate instant revenue from subscriptions, royalties, and invoices.
BorroeFinance establishes equality between content creators and users, which is the core element of Web3. It intends to fill in where traditional finance is flunking via its more evolved technology.
That’s not all; BorroeFinance enables businesses to mint their future invoices as non-fungible tokens, which they can then put up for sale on the BorroeFinance marketplace at a discounted price.
Blockchain auditing firm BlockAudit conducted a full audit of BorroeFinance and its native token, $ROE. According to the auditor, BorroeFinance ($ROE) passed the examination impeccably. To strengthen users’ confidence, BorroeFinance published its smart contract address on its official website, which is now accessible via Polygon scan.
What makes $ROE the best crypto to invest in is its proposed presale trajectory. Accordingly, investors stand to profit from a 300% growth from the beta stage price of $0.010 to the launch price of $0.040. Presently, $ROE is in the second stage of its public presale at $0.015, projecting maximum returns.
Given that BorroeFinance ($ROE) is a utility project, it is bound for further upside momentums after its launch on exchanges.
Bitcoin SV Jumps Above 10% As The Market Experiences A Swift Uptick
On October 16, an erroneous report regarding the state of Blackrock’s spot Bitcoin ETF permeated the crypto scene. The report stated that the SEC had supposedly approved Blackrock’s spot Bitcoin ETF application. As a result, BTC immediately soared past $30,000 alongside several other top crypto coins, including the forked Bitcoin asset, Bitcoin SV (BSV).
Market data suggested that Bitcoin SV (BSV) witnessed a 15.19% rally from $33.91 to $39.06 on October 16. The BSV price increase was accompanied by a 292.15% rise in daily trading volume to $84.07 million. Also, buyers started accumulating Bitcoin SV in the second half of September after BSV breached the oversold territory.
Therefore, the false news was a sufficient catalyst for the compounding buying phase of BSV to become impactful. Following the debunking of the news, other digital assets that benefited from the surge corrected most of the gains except Bitcoin SV (BSV).
Instead, Bitcoin SV (BSV) remains on a sustained upward motion, trading at $39.62 at present. Analysts expect the Bitcoin SV BSV token to reclaim the $40 range briefly visited during the impulsive upsurge. As such, BSV is projected to print a 0.95% rally, making Bitcoin SV (BSV) a good crypto to invest in today.
New Contracts On Avalanche C-Chain Reaches Six-month High
On October 17, a notable crypto enthusiast took to Twitter (now X) to reveal a new development on the Avalanche C-Chain.
Emperor Osmo, the crypto fan and analyst, reported via a tweet that the number of new contracts available on the Avalanche (AVAX) cross-chain has arrived at a six-month peak. This development took place on the Avalanche (AVAX) cross-chain this past week.
However, the spike in new contracts had no visible impact on AVAX. As seen on the charts, Avalanche (AVAX) shed 9.12% of its value between October 9 and October 14. This decline saw AVAX descend from $10.08 to $9.17.
The descent followed through to the subsequent week, with AVAX recording a 0.55% decrease from $9.18 on October 16 to $9.14 on October 17. As of now, Avalanche (AVAX) bulls are holding support at $9.05.
Experts believe that if the bears overpowered the bulls at this level, the price of AVAX could sink further to $8.60.
This translates to a potential 5.7% decrease in the price of Avalanche (AVAX). Hence, Avalanche (AVAX) may not be the best cryptocurrency investment at the moment.
Learn more about BorroeFinance ($ROE) here:
Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter
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