A recent report revealed that Arbitrum (ARB) reached an eight-month high following a notable price surge. Also, Borroe Finance ($ROE) has raised over $2 million during its presale, making it one of the top DeFi projects in the sector. Further, a metric attracting FUD to Litecoin (LTC) has signaled an optimistic side for the altcoin.
Let’s learn more about these top altcoins.
Arbitrum Rises 20% To Eight-month High
Ethereum-based layer-2 blockchain Arbitrum witnessed a growth in the value of its native token, ARB, on December 22. The price increase, culminating at 22%, propelled Arbitrum (ARB) to $1.41, a range last sighted in April. Several factors contributed to this positive price movement, such as increased Arbitrum’s trade volume and market capitalization.
According to market data, ARB’s trading volume rose 315% to $802.21 million over seven days. Also, the market capitalization of Arbitrum (ARB) currently stands at $1.77 billion, having leaped 15%. These developments occurred after an outage on the Arbitrum network on December 15, attributed to high inscriptions.
Notwithstanding, Arbitrum (ARB) is up 25.7% from $1.10 to $1.39 between December 18 and December 24. Experts have shared their Arbitrum (ARB) prediction for the coming days. According to their forecasts, Arbitrum (ARB) could hit $2.00, considering its current trajectory, indicating a potential 43.8% increase in the price of ARB.
Borroe Finance: The Next DeFi Goldmine
The decentralized finance ecosystem continues to produce innovations, one of which is Borroe Finance ($ROE). Borroe Finance ($ROE) is among the new DeFi projects making rounds in the industry and gaining significant momentum amid its public presale. In its third presale stage, Borroe Finance ($ROE) has raised $2 million in funding and amassed notable profits for investors.
Borroe Finance is a platform for Web3 users and creators to sell their future earnings at discounted prices. The platform allows Web3 users to raise funds without having to experience the pickles of traditional finance. Essentially, Borroe Finance bridges the gap between decentralized finance and traditional finance.
$ROE, the native token of Borroe Finance, is on the verge of engineering a rally as it draws closer to wrapping the third stage of its presale. Borroe Finance ($ROE) is worth $0.0175 at this stage. The imminent leap to the fourth stage will see Borroe Finance ($ROE) gain 14.2% to $0.02.
Litecoin’s FUD May Not Be All Bad News For Investors
Santiment’s latest report showed that market players have a pessimistic outlook of Litecoin (LTC). The information, updated on December 22, highlighted a decline in Litecoin’s weighted sentiment. According to the report, the weighted sentiment of Litecoin (LTC) is down 2.415.
For context, weighted sentiment is a metric that measures the social volume of a digital currency. A decline in the metric, as seen in the case of Litecoin (LTC), indicates diminishing popularity on the crypto scene. Meanwhile, looking further into Litecoin’s dynamics, it was discovered that investors are still holding onto their LTC.
On the charts, Litecoin (LTC) ranged between $71.18 and $71.90 from December 18 to December 24, reflecting a 1.01% increase in its price. Having analyzed LTC, experts have shared their projections of Litecoin for the coming days. They say Litecoin (LTC) will soon hit $75.00, indicating a 4.3% impending bounce.
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