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The bear market is biting hard, and major coins like Ethereum (ETH) and Bitcoin (BTC) are struggling to regain their upward momentum. Luckily, Borroe ($ROE) proves to be a major investment option. Borroe ($ROE) has already delivered 25% profits for early investors, making it a good crypto to buy. Will Borroe compete with Ethereum and Bitcoin in the long term?Â
Summary
Bitcoin (BTC) Is Down, Awaiting the Next Catalyst
Bitcoin (BTC) dropped almost 4%, from $30,270 to $29,197, between July 14 and August 8, 2023. However, Bitcoin (BTC) soon turned the tables and gained notable traction despite the negative price movement.
Later, on August 8, Moody’s cut credit rating for 10 small and mid-sized United States banks. That cut caused a negative sentiment to dominate the fiat currencies market and banking industries. As a result, Bitcoin (BTC) rose as investors sought alternatives to the banking system. Bitcoin (BTC) then gained 1.3% to trade at $29,380 on August 14.
On August 18, a market-wide flash crash resulted in Bitcoin (BTC) dropping $29,110 to $25,430 within 24 hours. But since then, Bitcoin (BTC) seems to have stabilized, and the bulls managed to defend the support at $26,100.
Analysts expect Bitcoin (BTC) to regain its upward momentum as the halving event nears. Most analysts expect Bitcoin (BTC) to end the year above $40,000, making it one of the best cryptocurrencies to invest in now.
Ethereum Investors Worried As ETH Struggles To Stay Afloat
A recent report published on August 14, 2023, revealed that former US President Donald Trump owns more than $2.8 million worth of Ethereum (ETH). This is more than the previously stated Ethereum (ETH) holdings of $250,000 to $500,000 in April 2023.
Nonetheless, this revelation somehow hurt Ethereum’s (ETH) value.
Many of Trump’s supporters insist that the drop in Ethereum’s (ETH) price is connected to the March Shanghai upgrade, resulting in a drop in staking instead of an increase. Yet, the timing of the Ethereum (ETH) drop does not align with that explanation.
Since the report was published, Ethereum (ETH) has experienced a huge drop in price from $1,859 to $1,679 on August 19. This drop could also have been caused by the drop in Bitcoin’s (BTC) price.
Analysts insist that the price decline in Ethereum’s (ETH) market can be attributed to the forthcoming US elections following the anti-crypto sentiment by the US. If Ethereum’s (ETH) price keeps declining, it might drop below the support level at $1,600 and reach new lows in August.
Borroe ($ROE) Leaves the Industry’s Giants in Its Shadow
Described as an AI-fueled marketplace, Borroe ($ROE) stands out as an accurately designed solution aimed at addressing the severe liquidity challenges that significantly affect Web3 businesses.Â
Within the world of Borroe ($ROE), Web3 participants and content creators can seamlessly generate quick funds, catering to a range of immediate needs. This is achieved by offering their upcoming earnings to supportive communities at discounted rates.
Interestingly, web3 businesses can transform their upcoming royalties, invoices, subscriptions, and digital payments into unique non-fungible tokens (NFTs) with the help of Borroe ($ROE).
During the beta phase of its presale in the final week of July, Borroe ($ROE) successfully sold 25 million tokens at $0.010. Remarkably, within just five days, Borroe ($ROE) managed to collect $250,000. Since that time, Borroe ($ROE) has delivered an impressive 25% profit to early investors.
The $ROE token is currently available at $0.0125 in Stage 1 of its presale. Over 41 million Borroe ($ROE) tokens have been sold by August 23. When all presale stages are completed, Borroe ($ROE) will be listed on mainstream cryptocurrency exchanges, going for $0.040.
These guaranteed massive price increases for investors make Borroe ($ROE) a top crypto to invest in this year!
Learn more about Borroe ($ROE) here:Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter
*This article was paid for Cryptonomist did not write the article or test the platform.
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