Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only.
Monero bounces back, Jupiter faces challenges, while Borroe Finance's innovative DeFi solution sparks increased interest.
Recently, Monero (XMR) and Jupiter (JUP) have been under pressure due to unfavorable ecological trends. Binance plans to delist Monero later this month, but JUP has lost more than 50% of its value in less than a week. Fortunately, Borroe Finance ($ROE) is further elevating itself in decentralized funding utilities, and analysts believe this token will deliver huge ROI to investors. Read on to see what experts think about these tokens.
>>$BUY ROE TOKEN NOW<
Binance to delist XMR in February
On February 6, Binance, the world's leading cryptocurrency exchange, announced plans to delist XMR and three other altcoins in February 2020. In response to this development, the Monero team said it would “never compromise on privacy” and called on investors to trade Monero. DEX (decentralized exchange) and atomic swap tokens. Additionally, Kraken Exchange supported Monero with a cryptic message: “Privacy is not a crime.”
Despite Monero’s impending delisting, XMR investors are still buying the token. On February 7th, XMR traded at $122.88. One week later, XMR rose 5.74% to sell at $129.71. The withdrawal of XMR, a privacy-focused cryptocurrency, from Binance will undoubtedly raise questions among institutional investors. However, retail crypto traders are likely to continue buying XMR in the short term, potentially allowing the token to trade at $132.5 in the coming weeks.
JUP plummets despite positive ecosystem indicators
On January 31st, Allium Labs and Dune Analytics teamed up to investigate and uncover data about Jupiter Exchange's wins in the first month of this year. According to these reports, Jupiter was the top defi trading platform in January. Additionally, Jupiter ranked among the top two in trading volume on Coingecko and emerged as the most integrated platform in the Solana ecosystem.
Despite this ecosystem progress, JUP recorded a price decline in the second week of February. On February 7th, JUP traded at $0.005738. JUP fell 56.73% after 7 days, plummeting to $0.002517 on February 14th. Analysts say JUP is likely to maintain its bearish trajectory and trade at $0.002130 by March 1 as retail crypto traders migrate to existing CEX in preparation for the upcoming financial crisis. . BTC halving period.
Investors support ROE of new projects with high public interest
Novice cryptocurrency investors can tell whether a new token will be successful by studying its proposed utility and early-stage success. By these criteria, Borroe Finance has a chance of success, as the new platform has raised more than $2.8 million and is in the midst of its fourth pre-sale phase.
Borroe Finance is an AI-powered financing platform that allows Web3 companies to raise instant cash by selling their future earnings at a discount.
ROE’s 4th pre-sale stage is over 88% complete and tokens are being sold for $0.019. After all pre-sale stages are over, ROE will list the major crypto exchanges and sell it for $0.040. As a result of this bullish price movement, the cryptocurrency analyst predicts that his early ROE investors will receive his ROI of a hefty 110.5%. Furthermore, experts believe that ROE is likely to be rapidly accepted by the market and trade at $0.180 by the end of the year.
Learn more about Borroe Finance here.
Access Borroe Finance Presale | Join Telegram Group | Follow Borroe Finance on Twitter
