Solana (SOL) stayed strong despite multiple regulation attempts from the US SEC in Q3 2023. On the other hand, Compound (COMP) bulls exited the market after driving the Compound’s (COMP) price up in an extended bull run. However, investors agree that the most reliable token for ROI in Q3 2023 is Borroe ($ROE). Borroe ($ROE) raised $250,000 in the last week of July, and the token is currently in its first presale stage.
Solana (SOL): One of the US SEC’s Prime Targets
Recently, the CEO of Coinbase, Brian Armstrong, revealed that the SEC advised him to delist over 200 tokens, including Solana (SOL). According to the Commission, Solana (SOL) is an unregistered security which means trading it violates securities law.
Coinbase has headed to court to seek the correct legal status of Solana (SOL), and the exchange will be banking on the July SEC vs. Ripple Labs court ruling to argue its case. However, the SEC has responded to the Financial Times interview with Armstrong by saying it did not formally request that the exchange delist Solana (SOL).
According to experts, the SEC may be looking to appeal the SEC vs. Ripple Labs on July 13, 2023, ruling that sales of crypto tokens to public members are not violating securities law. Despite these SEC tussles, Solana (SOL) gained 3.04% last month.
Compound (COMP) Loses 22.9% in First Week of August 2023
Earlier in July, Compound CEO Robert Leshner resigned from his position. Robert left to start Superstate Trust (a short-term government bond fund) and left $2 billion in assets at Compound Finance. Also, Compound (COMP) recently expanded its ecosystem after approving Wrapped Bitcoin (WBTC) on the platform.
As a result of these ecosystem developments, Compound (COMP) rose and hit its 2023 high of $82.3 on July 16. However, technical analysis in late July indicated that Compound (COMP) bulls are tiring, and the token may experience a price dip soon.
The prediction occurred in the first week of August when Compound (COMP) lost 22.9%. Compound (COMP) fell from $73 on July 31 to $56.44 on August 7, 2023. However, analysts believe Compound (COMP) fundamentals are still strong, and the token will rise when the bull cycle returns.
Borroe ($ROE) Sells Over 9 Million Tokens At First Presale Stage
Borroe ($ROE) is the world’s first web3 blockchain invoice discounting NFT marketplace. As a decentralized funding marketplace, Borroe ($ROE) solves the short-term liquidity problem for web3 enterprises. Borroe ($ROE) users can mint their future earnings into NFTs and sell them to supportive communities at discounted prices.
Buyers enjoy low-risk investment on Borroe ($ROE) when they buy discounted NFTs exclusively from web3 brands they know, like, and trust.
NFT owners can resell these discounted NFTs on secondary markets through a decentralized peer-to-peer system. Borroe ($ROE) incorporates AI risk assessment and efficient payment solutions into its protocol to ensure a safe and secure fundraising platform.
Currently, Borroe ($ROE) is on its first presale stage, and the token is selling for $0.0125. Borroe ($ROE) listed 70 million tokens at this stage, and the platform has sold over 9 million tokens. Soon, Borroe ($ROE) will hit the mainstream crypto market, trade for $0.0400, and deliver a massive price surge to early investors.
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