After the US SEC approved BTC Spot ETFs on January 10, top altcoins like Solana (SOL) and Bitcoin Cash (BCH) recorded price surges. However, both tokens lost bullish momentum in late January, and investors turned to a hot new crypto token called Borroe Finance ($ROE). Keep reading to see why crypto experts, investors, and analysts are discussing these tokens.
When savvy investors come across new DeFi projects that aim to revolutionize core aspects of the blockchain industry, their next move is usually to accumulate native tokens. That said, Borroe Finance aims to decentralize web3 fundraising by providing an AI-powered fundraising platform that allows web3 businesses to raise instant cash by selling future earnings to supportive communities at discounted prices.
Currently, $ROE's fourth presale stage is 84.92% complete, and savvy investors are rushing to accumulate the token at $0.019. After all the presale stages conclude, $ROE will hit the mainstream crypto market and sell for $0.040. According to crypto analysts, this bullish $ROE price movement will deliver a massive 110.5% ROI to early investors in 2024.
On January 26, Solana Foundation, CoinDCX, and SuperTeam announced a collaboration focusing on providing grants to Indian web3 developers. According to Sumit Gupta (co-founder of CoinDCX), 11% of senior global blockchain developers are from India, and Indian builders in the Solana ecosystem will benefit the most from this grant. According to reports, the Solana Foundation began the grant application process on January 26.
Despite this positive Solana ecosystem development, SOL went bearish in the fourth week of January. On January 18, SOL traded at $94.89. SOL lost 3.2% a few days later and traded for $91.74. According to crypto analysts, SOL will likely stay bearish in Q1 2024 due to the exit of retail crypto traders and selling activity in the crypto derivative market. Therefore, SOL will likely trade for $78.50 by March.
Recently, Bitcoin Cash Guru (an on-chain P2P crypto price prediction and NFT gaming collection) announced that it funded over 200 BCH Guru smart contracts in 2024. In addition, Bitcoin Cash Guru launched its NFT Wave 3 Mint on BTC's blockchain in January. According to crypto experts, these ecosystem developments indicate growing investor interest in Bitcoin Cash and its associated DeFi companies.
Subsequently, this renewed interest in Bitcoin Cash's ecosystem resulted in a price surge for BCH in late January. On January 19, BCH traded at $228.82. A week later, BCH gained 5.86% and sold for $241.28. According to crypto analysts, BCH is bullish because of the US SEC's decision to approve BTC Spot ETFs on January 10. However, experts believe BCH will likely range between $235 and $250 in Q1 2024.
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