HomeSponsoredIs a $88K Bitcoin Price Forecast Feasible? Chainlink Investors Eye New Rival

Is a $88K Bitcoin Price Forecast Feasible? Chainlink Investors Eye New Rival


As Bitcoin (BTC) enjoys a bullish run that has seen the apex cryptocurrency hit a new all-time high (ATH) above $73,000, questions are being raised whether it will hit the $88,000 price level and ultimately $100,000.

Meanwhile, investors are giving Borroe Finance ($ROE) a keen eye as the network intends to revamp the crowdfunding process in Web3 through cutting-edge technologies like artificial intelligence (AI), blockchain, non-fungible tokens (NFTs), and smart contracts.


Borroe Finance’s Remarkable Growth

Chainlink investors are continuously jumping on the Borroe Finance bandwagon since the network is showcasing itself as one of the best cryptos to buy now thanks to its long-term vision in the Web3 space.

Specifically, Borroe Finance links revenue buyers and sellers in Web3 through its peer-to-peer (P2P) marketplace, enabling participants to raise instant cash to fund their projects.

Borroe Finance enables Web3 players to generate their outstanding payments as NFTs, which they sell off on its marketplace to get immediate working capital.

With Borroe Finance showcasing itself as a good crypto to buy, its governance token called $ROE is witnessing significant demand since one of the primary objectives of the ecosystem is breaking barrier entries in Web3.

Borroe Finance is powered by the Polygon blockchain, enabling transactions to be fast, cheap, transparent, and reliable.

Furthermore, AI propels risk assessment, making Borroe Finance a safe ground to operate in since fraud and scams are continuously wreaking havoc in the crypto sector.

Borroe Finance has materialized as one of the major liquidity pools that have a real-world utility of taming the short-term capital challenge that Web3 content creators, artists, and businesses face because of irregular payments.

Borroe Finance also seeks to be a center of Dapp (Decentralized Application) development as it edges closer to its CEX (centralized exchange) and DEX (Decentralized Exchange) since its at its final presale stage.


Will Bitcoin Experience a Multi-Year Bull Cycle?

Amid heightened institutional interest thanks to the spot Bitcoin exchange-traded fund (ETF) approval earlier this year, BTC seems set to continue scaling heights.

Ryan Rasmussen, a senior crypto research analyst at Bitwise, believes that Bitcoin will hit the $88,000 level by the end of this year, since the leading crypto is witnessing a bullish rally that started in 2023.

The analyst noted, “In 2023, was the start to that rally. But we think that we’re in a multi-year bull cycle. In all elements of the crypto space will certainly have their moment.”

After recently retracing to the $65,000 level, Bitcoin is again trading above the psychological price of $70,000 as open interest reached historic highs of $11.71 billion, according to CoinGlass data.

Source: CoinGlass

BTC was up by 10.9% in the past week to hit $71,062 at press time, according to CoinGecko data.

Meanwhile, Markus Thielen, the CEO of 10x Research, recently made a more bullish prediction that Bitcoin could hit the $140,000 level post-halving thanks to a triple-digit surge.

The top analyst noted that this rally would be propelled by significant capital flows from spot BTC ETFs, which have been playing an instrumental role in propelling the HODL culture in the Bitcoin ecosystem.

Based on the Long-Term Holder Spent Output Profit Ratio, Bitcoin was able to reclaim the $70,000 zone since investors were stopping their profit-taking tendencies since this emerged after the top cryptocurrency reached historic highs of $73,000.

Therefore, a bullish picture continues to be painted in the BTC network with the halving event just a stone’s throw away since it’s slated for next month.

Halving helps in lowering Bitcoin’s overall supply, given that miners’ rewards are slashed by half, and depending on demand this is bullish for the network.

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

 *This article was paid for. Cryptonomist did not write the article or test the platform.

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