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Binance’s lawsuit against the SEC took a dramatic turn after a judge refused the latter’s request for Binance company files. As expected, $BNB shot up after the ruling. Meanwhile, Litecoin ($LTC) is struggling to recover, and analysts blame its weak momentum on its recent halving event. However, Borroe.Finance ($ROE), a fundraising solution for Web 3.0 businesses, seems to offer the highest returns.Â
Can $ROE live up to high expectations? Let’s find out.
Summary
$BNB Climbs After Binance.US Victory
The $BNB community has been enthralled by the ongoing lawsuit between Binance and the Securities and Exchange Commission (SEC). Binance was sued on June 5 for selling unregistered securities, among other breaches of federal regulations. On September 18, a federal judge denied the SEC’s request to access documents belonging to Binance.US.
The news created a lot of market excitement for $BNB, sending its price up. $BNB was trading at $206.03, its 12-month low on September 11. On September 18, $BNB jumped by 4.8% to $216.00 after SEC’s denied request.
As Binance’s lawsuit continues, $BNB remains in a volatile position. The market’s reaction to the latest developments in the case reflects in $BNB’s behavior over the past few months. If Binance wins over the SEC, $BNB will rally far higher.
However, such victory will be very unlikely. Most analysts expect the SEC to win the lawsuit and Binance to negotiate a settlement. In such a case, $BNB could fall by 7.5% to $199.76.
Borroe.Finance: Equipping Web 3.0 Businesses with Instant Loans
Access to instant loans is a game changer in the business world. Many companies rely heavily on credit facilities that provide instant funding at low costs. Yet, such credit facilities are in short supply. Thankfully, Borroe.Finance ($ROE) has been designed to tackle the unique challenges that hamper access to fundraising opportunities.
The platform is a Polygon-powered marketplace that uses the latest technology to provide a streamlined fundraising ecosystem. Borroe.Finance facilitates peer-to-peer borrowing, thus enabling users to receive funding from wide sources within the market. Like many top altcoins, Borroe.Finance takes a novel approach to solve the challenges that make its real-world utility.
Several benefits come with using Borroe.Finance’s ($ROE) ecosystem. Aside from access to instant funding, companies also get rewards for participating in Borroe.Finance’s marketplace activities. Actions like borrowing and repaying loans come with rewards. Users also receive rewards for contributing to Borroe.Finance’s development by voting on proposals.
Borroe.Finance ($ROE) has been received with wide appeal. Its public presale just entered Stage 2 and sold over half of its supply in a day. Its current price is $0.0150. Yet, it will soon rise by 33.3% to reach $0.0200 by Stage 3 of $ROE’s presale. Such market numbers show Borroe.Finance’s potential to become a top ICO project!
Post-Halving Litecoin ($LTC) Struggles to Break Past $70
Litecoin completed its block-halving event on August 2. Block rewards for mining Litecoin reduced from 12.5 $LTC to 6.25 $LTC. There have been speculations over the effects of the halving on Litecoin’s ($LTC) overall mining activity.
Unfortunately, after Litecoin’s ($LTC) halving event, the market crashed twice on August 17 and September 1. $LTC was trading at $87.49 on August 2 after Litecoin’s halving. It fell by 25.6% to $65.09 on August 17. By September 1, $LTC dropped further by 3.1% to $63.01.
Analysts say the halving event has affected Litecoin’s ability to bounce back after subsequent market crashes. Furthermore, they predict Litecoin’s ability to recover will remain low for the remainder of the year. Such Litecoin volatility could push $LTC down by 11.3%Â to $55.83. This would mean $LTC is not a good crypto to buy now.
Learn more about Borroe.Finance ($ROE) here:
Visit Borroe.Finance ($ROE) Presale | Join The Telegram Group | Follow Borroe on TwitterÂ
*This article was paid for Cryptonomist did not write the article or test the platform.
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