After disappointing news from the SEC, Bitcoin ($BTC) struggles to recover from its recent drop. Things have worsened for $BTC as investors have jumped to Fantom ($FTM) and Borroe.Finance ($ROE). Fantom has recovered impressively since August 17, but analysts say it will be outdone by Borroe.Finance. Despite being in presale, $ROE is gaining serious attention. So, can it become a top ICO project?
Bitcoin ($BTC) Faces Tough Road To $28,000
$BTC is struggling to reach $28,000 again due to disappointing news from The Securities and Exchange Commission (SEC). The Federal Regulator announced that it would delay its response to Spot $BTC ETF applications until October. Bitcoin’s ($BTC) community was disappointed. As a result, the SEC’s disappointing news caused a massive Bitcoin ($BTC) dump.
Two days before the SEC’s announcement, $BTC had gone up following a lawsuit over a Spot ETF application by Grayscale. The court ruled in favor of Grayscale, telling the SEC to review its decision.
The market went up, believing the ruling could change the SEC’s stance. Bitcoin ($BTC) was trading at $26,431 on August 23. It jumped by 4.9% to $27,727 on August 29 following Grayscale’s court victory.
However, Bitcoin ($BTC) holders have to wait till October for the SEC’s response. So, many analysts agree that a return to $28,000 would be difficult. On a more positive note, analysts expect Bitcoin ($BTC) to rise by 8.8% to $28,200 when the market recovers from current bearishness.
Fantom ($FTM) Finally Pulls Through Bearish Waters
Fantom ($FTM) was among the worst-hit tokens of the August 17 market crash. The market had tanked on August 17, triggering a liquidation of $1 billion. Several tokens like Bitcoin ($BTC), Ethereum ($ETH), and Fantom ($FTM) were badly affected.
Fantom ($FTM) was trading at $0.239 on August 13. However, Fantom ($FTM) fell by 18.8% to $0.194 on August 17.
Many top altcoins are still trading below their August 17 price – a sign of the severity of the market fall. Yet, Fantom ($FTM) is one of the few tokens now trading above what it fell to on August 17. Experts say Fantom ($FTM) will rise by 10.9% to $0.234 as DeFi activity rises.
Borroe ($ROE): Bringing Invoice Financing To The DeFi World
Borroe.Finance ($ROE) empowers businesses to raise funds by auctioning their future earnings from subscriptions, royalties, and invoices. Borroe.Finance ($ROE) uses fractionalized NFTs to ease the auctioning process. Users mint their future or outstanding revenue into NFTs. These NFTs are sold at discounted prices on Borroe.Finance’s ($ROE) marketplace.
Borroe.Finance ($ROE) uses Artificial Intelligence to provide credit ratings for businesses. This makes taking loans on the Borroe.Finance ($ROE) marketplace easier. It represents a low-risk investment that helps to power the growth of the Web 3.0 industry. It also offers several crypto and Fiat payment solutions, which allow companies to overcome the hassles of currency conversion.
Borroe.Finance ($ROE) is built on the Polygon network. Advantages of using Polygon’s network include low transaction fees and high scalability. Furthermore, users enjoy privacy and anonymity features. Borroe.Finance ($ROE) also provides real-time invoice tracking, unlike most firms in the traditional invoice financing industry.
Borroe.Finance ($ROE) has moved to Stage 1 of its presale, rising by 25% from its initial price of $0.010. It currently costs $0.0125. However, Borroe.Finance ($ROE) is expected to rise to $0.015 by Stage 2, a 50% surge from its initial price. So, experts agree that Borroe.Finance’s strong projections make it one of the best cryptos to buy!