Polygon (MATIC) lost 5.41% in the last week of July 2023, while Filecoin (FIL) lost 7.19% within the same period. Analysts say investors are exiting Filecoin (FIL) and Polygon (MATIC) markets for more reliable investments in Q3 2023. Currently, Borroe ($ROE) is the destination for these investors. This new decentralized fundraising platform is set to deliver massive ROI for early investors after surging 25% in the last week of July.
What you'll learn 👉
Polygon (MATIC) Dips in the Last Week of July 2023
Polygon’s (MATIC) new proposal to change its native token from MATIC to POL has created uncertainty among Polygon (MATIC) investors. According to data from Santiment, Polygon (MATIC), new wallet addresses dropped by 78% from July 20 to July 26, 2023. On July 20, new Polygon (MATIC) wallet addresses stood at 2,893. By July 26, that number plummeted to 626.
According to experts, a reduction in new wallet addresses for a blockchain means a decline in network participation and, consequently, a decrease in market price. On July 23, Polygon (MATIC) was trading at $0.752. Currently, Polygon (MATIC) is trading at $0.711 after losing 5.41% in seven days. Furthermore, investors are still waiting for further clarifications on Polygon (MATIC) token upgrade and what it entails for the ecosystem.
Filecoin (FIL) Loses Bullish Momentum
According to data from Messari, Filecoin (FIL) currently handles 1.07 billion gigabytes worth of storage deals. Furthermore, Filecoin’s (FIL) total raw storage capacity stood at 14.1 billion gigabytes. When Twitter CEO Elon Musk announced that the platform would enforce a view rate limit due to extreme data scraping, crypto investors bought Filecoin (FIL), and the token surged briefly on July 2, 2023.
After the initial possibility of Twitter using Filecoin (FIL) for storage purposes faded, Filecoin (FIL) fell, and the token is now on a bearish trajectory. After trading at $4.89 on July 3, Filecoin (FIL) began a slow bear run. Subsequently, Filecoin lost 7.19% in the last week of July after falling from $4.59 on July 23 to $4.26 on July 30.
Investors Bet on Borroe ($ROE) to Succeed After Selling 25 Million Tokens in Beta Stage
Borroe ($ROE) is an AI-powered funding marketplace designed to help web3 participants and content creators generate instant cash by selling future digital earnings. As a Borroe ($ROE) user, you can mint your future subscriptions, invoices, royalties, and digital payments into NFTs and sell them at discounted prices to supportive communities. Thanks to Borroe’s ($ROE) P2P system, buyers can easily trade discounted invoice NFTs on secondary markets.
Recently, Borroe ($ROE) completed its beta stage, selling out 25 million tokens at $0.0100. Currently, Borroe ($ROE) is in its first presale stage, and the token is selling for $0.0125. Borroe ($ROE) will list on major crypto exchanges and sell for $0.0400 when all presale stages conclude.
Analysts say this price action will deliver a massive surge to early Borroe ($ROE) investors.
Learn more about the Borroe ($ROE) presale here:
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