Solana (SOL) dominated the crypto market in Q4 2023 thanks to renewed institutional investor interest in the token. However, SOL lost its bullish momentum in January, and investors are currently looking at new options like Borroe Finance ($ROE) for massive ROI in 2024. Keep reading to see expert forecasts and opinions on these tokens.
What you'll learn 👉
SOL Records Bearish Retracement in Mid-January
In Q4 2023, Solana went on a bull run and delivered over 400% ROI to its investors. According to crypto analysts, this massive surge was caused mainly by the return of institutional investors to the Solana ecosystem. Investors who sold their Solana tokens following the FTX crash in 2022 decided to re-accumulate after a US court granted the defunct exchange permission to sell about $1.2 billion worth of SOL tokens in September.
In addition, an interest in Solana-based community-driven meme coins like BONK and SILLY attracted a lot of retail crypto investors whose contribution helped push SOL from $25.00 in October to over $100 in January. These innovative blockchain projects delivered over 10,000% ROI in Q4 2023 and minted new crypto millionaires. However, Solana’s bull run is slowing, and the token recorded a slight bearish retracement in the third week of January.
On January 17, SOL traded at $102.70. Two days later, SOL lost 12.2% to trade for $89.60 on January 19. SOL falling below $100 indicates investors are looking for more profitable altcoins like $ROE for higher ROI in 2024. Moving forward, analysts expect SOL to continue on its bearish trajectory due to the exit of retail crypto traders and eventually sell for $75.00 by March 2024.
Savvy Crypto Investors Back $ROE’s Success in 2024
As the world’s first web3 blockchain invoice discounting NFT marketplace, Borroe Finance gained the attention of investors and the broader crypto industry when it first went on presale in the second half of 2023. For context, this innovative AI-powered fundraising platform promises to revolutionize web3 fundraising, and forward-thinking crypto traders invested over $2.6 million in Borroe Finance in its first four presale stages.
Borroe Finance allows web3 businesses to raise instant cash by minting their future earnings into popular NFTs and selling them at discounted prices. As a blockchain platform with security as its top priority, Borroe Finance had BlockAudit test and verify the platform. In addition, Borroe Finance incorporated AI-risk assessment and blockchain technology into its protocol to ensure the security of the fundraising process.
$ROE’s fourth presale stage is over 84% complete, and the token is selling for $0.019. After all presale stages conclude, $ROE will list the best crypto exchanges and sell for $0.040. According to crypto analysts, this bullish price movement will result in a massive 110.5% ROI for early investors. Furthermore, experts predict a speedy market adoption for $ROE, meaning the token will likely surge and trade for $0.190 when it hits the crypto market.
Learn more about Borroe Finance here:
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A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters