While Polygon (MATIC) and Polkadot (DOT) have faced bearish influence for quite a long time, investors have endured huge losses. To recover losses, they are flocking towards a new blockchain ICO–Borroe Finance ($ROE). Experts say $ROE will give 15x gains once it hits the mainstream market. Let’s find out more.
What you'll learn 👉
Polygon Hovers Around $0.70
Polygon was trading at around $0.70 in early May, with a mild 2.33% decline in the past week. Despite trading in bearish pressure for quite a long time, whales were still captivated by one of the top altcoins, Polygon.
The number of whales has made a significant uptick in the last month. On-chain data revealed that the number of MATIC whales increased by 5% over the past 30 days.
Despite the hike in whale activity, there has been a display of downturn momentum for MATIC. The bearish sentiment around Polygon has taken MATIC to lower lows. Since mid-March, MATIC has experienced a staggering 44% drop.
Looking at key momentum indicators, Polygon has showcased a negative outlook in upcoming trading sessions. The RSI of MATIC sat at 38.4, indicating an oversold territory. Moreover, the MFI was also relatively low, prompting bearish pressure for MATIC. Experts say if Polygon’s downtrend continues, MATIC could plummet to $0.55 in the coming months.
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Show more +Polkadot Revolutionizes With Major Update
In early May, Polkadot made a groundbreaking upgrade and enhanced its network with Asynchronous Backing. This update has made the Polkadot network flexible in blockspace allocation and overall performance.
However, there was no significant impact of news on the best DeFi crypto price trend. Additionally, Polkadot was still exhibiting bearish dominance. Since mid-March, DOT has followed a continuous downtrend movement, trading in red candlesticks.
DOT has plummeted from a yearly high of $11.54 to $7.05 in early May. This has represented a 38% downfall for DOT between the time frames. Moreover, DOT was also down by 17% in the past month.
Despite its downturn momentum, investors were still showing endurance in Polkadot. The technical analysis forecasted a price consolidation for Polkadot. The RSI level also could not give a clear indication of Polkadot’s upcoming performance. However, DOT has shown a downward trend, targeting the critical $6.40 level in the short term.
Will Borroe Finance Offer 15x Gains?
Looking at the roadmap ahead and token burn strategies deployed by the Borroe Finance team, experts anticipate a 15x return on $ROE. Moreover, the liquidity lock mechanisms further stir $ROE’s demand in the market.
As of now, Borroe Finance completed the final stage of its presale. The current investors can get $ROE at $0.025. Interestingly, early investors have already received 150% ROI, embarking on $ROE’s profitable journey. Per price projections, $ROE will get listed at $0.025 in Uniswap, a DEX (decentralized exchange).
Besides, Borroe Finance is a funding marketplace backed by AI and blockchain. Moreover, Web3 users can use its platform to generate upfront cash by selling their future earnings in the form of NFTs.
Borroe Finance is built on the Polygon blockchain for its operational advantages. With premium features, including priority notifications, discounted fees, and governance rights for $ROE token holders, Borroe Finance impresses investors to the core.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
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