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Dogecoin ($DOGE) could get a boost in user adoption if it's integrated into the X microblogging platform. While rumors of such a development have not been supported with facts, Dogecoin's community has still reacted positively. Elsewhere, Borroe.Finance ($ROE) is making a name for itself with sharp growth numbers. After selling over 50% of its available supply within 24 hours, $ROE could become one of the best DeFi coins.
Does $ROE have what it takes to beat $DOGE in the crypto race? Let's find out.
On September 21, 2023, the CEO of X (formerly known as Twitter) revealed that X would soon offer in-app payments. The news caused excitement among Dogecoin's community because of Elon Musk's media relationship with Dogecoin. Elon Musk has spoken positively of crypto and Dogecoin in the past.
Yet, there is no official mention of whether the new payment functionality would include crypto payments.
Despite ongoing community excitement, $DOGE's price has hovered within the $0.06 range since the early September market dip. $DOGE was trading at $0.063 on September 1 following the market-wide price crash. By September 21, $DOGE had fallen by 3.1% to $0.061.
Dogecoin ($DOGE) has always enjoyed a bittersweet relationship with Elon Musk. The Tesla CEO prefers Dogecoin, and his actions toward cryptocurrencies have often affected $DOGE's price.
Most famously, "Elon Musk's tweets" have been accused of occasionally manipulating $DOGE's price.
Crypto payments are very popular, so they could be incorporated as part of the payment systems on X. If that happens and Dogecoin is listed, $DOGE's trading activity would shoot up. Such a scenario would push $DOGE up by 22.9% to $0.075.
Borroe.Finance is a blockchain-focused approach to solving the revenue financing challenges of Web3 companies. It's a Polygon-based marketplace that facilitates community lending.
Borroe.Finance helps businesses raise funds and near-term capital. It enables them to leverage their future earnings by using them as loan collateral. The platform uses AI to conduct individual credit assessments. Furthermore, its reliance on the Polygon blockchain technology results in fast transactions, low costs, and easy scaling.
Borroe.Finance can easily be incorporated into companies and large institutions. It also offers easy compatibility with finance and accounting software. All members of Borroe.Finance earn rewards for their marketplace activity. For instance, taking or giving loans comes with marketplace rewards. Likewise, users earn rewards for paying back loans.
Another strong feature of Borroe.Finance is security. The platform has been audited for bugs by BlockAudit, and its certificate is live on the website.
Furthermore, it offers higher privacy than its traditional counterparts. Lastly, Borroe.Finance offers tracking of invoices in real time. Experts say Borroe.Finance's set of services is unique enough to make it one of the top DeFi projects.
The above features have contributed to the remarkable hype around Borroe.Finance's blockchain ICO. $ROE's fame is already translating to huge growth numbers. The project is just in Stage 2 of its presale, costing $0.0150.
Yet, it has sold over 50% of its Stage 2 tokens within the first 24 hours. Soon, $ROE will reach $0.0200, growing by 33.3% from its current price, making now the perfect opportunity to join.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
