The past few weeks have recorded a bullish trend for the cryptocurrency market. Yet, Litecoin (LTC) and Binance Coin (BNB) have been experiencing a turbulent period due to the anticipated halving and lawsuits.
On a more positive note, Borroe ($ROE), an upcoming project, is calving its path as a cost-friendly loan platform with minimum risks. The best part about it? A forecasted 300% surge in 2023!
What you'll learn 👉
Litecoin (LTC) Drops as Halving Event Approaches
Over the last two weeks, Litecoin (LTC) has seen a steady price decline, as its trading price dropped from $105.43 to $90.34, before moving back toward the $93 mark. This downward trend is one of the signs signifying the fast approach of the tokens’ halving event.
The halving event, scheduled for August 2, 2023, would slash Litecoin’s (LTC) mining rewards in half, reducing it from 12.5 LTC to 6.25 LTC. This will be the third halving event in the history of Litecoin (LTC).
Litecoin’s (LTC) halving event has been creating a lot of buzz and excitement, especially for investors, as the event could signify an increase in the token’s price.
However, the recent performance of Litecoin (LTC) doesn’t appear bullish. Based on price fluctuations in 2023 and in previous years, experts predict that the price of Litecoin (LTC) might drop further, from $93.54 to $89.26 by September, 2023. Bullish analysts, in turn, project Litecoin’s (LTC) price to increase to $96.27.
Binance Coin (BNB) Suffers Major Hits From The SEC
Over the last few months, Binance has been the subject of regulatory attention from the SEC, which drove down the value of Binance Coin (BNB). The regulatory scrutiny has placed the BNB under tremendous selling pressure, which has greatly increased its open interest.
Currently, Binance Coin’s (BNB) open interest is $400 million, which is 4x higher than the previous one recorded in 2020, which was $50. Unlike then, the surge in open interest has placed BNB on a bearish trend. The BNB price experienced a 12.16% decline as it dropped from $272.00 to $238.93 between June and July.
Currently trading at $243.90, experts predict that the current market sentiment for Binance Coin (BNB) is bearish. Thus, Binance Coin’s (BNB) price might drop to $231.06 by August 2023.
Borroe ($ROE): The Leading Investment Option for 2023
Borroe ($ROE) has been captivating the crypto industry with its unique value proposition. Borroe ($ROE) is a marketplace for minting NFTs. It leverages the benefits of blockchain technology and applies them to provide Web3 businesses faster and cheaper access to capital, all while generating huge ROIs for investors.
Borroe ($ROE) is built on the Ethereum sidechain, Polygon. It uses blockchain technology, smart contracts, and AI-powered risk assessment, allowing Borroe ($ROE) to automate the entire process. Polygon network is known for its low transaction fees; therefore, transactions with Borroe ($ROE) will be cost-friendly.
The use of blockchain technology and AI will help eliminate errors and reduce paperwork, as well as eradicate the need for intermediaries. This further helps in reducing transaction costs. Also, this process will help in minimizing the risks as it will ensure that all businesses, revenues, and invoices are fully vetted.
The bottom line is; the use of blockchain technology and AI is taking over the finance sector at a fast rate. Borroe ($ROE) provides an opportunity to invest in this movement. The platform has completed its KYC and is in the process of completing its smart contract audit.
The public presale of Borroe’s token $ROE is currently ongoing at the price of $0.010 per token. This is the perfect opportunity for investors to cast their nets into the project as it is predicted to increase by 300% to the price of $0.040 per token by the end of the presale.
Learn more about Borroe ($ROE) and its presale:
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