With Solana (SOL) already making a staggering 51.4% gain from lows of $21.01, it was a matter of time before the eighth largest cryptocurrency surpassed the psychological price of $30. On the other hand, BorroeFinance ($ROE) is showing strong momentum that could see the altcoin hit the $1 price level.
BorroeFinance is Emerging as a Novel NFT Marketplace in Web3 Financing
BorroeFinance is already depicting itself as an investor darling despite the new DeFi project being at the presale stage. Specifically, the number of $ROE tokens bought have already breached the 115 million mark.
Notably, BorroeFinance is materializing as an innovative non-fungible token (NFT) marketplace that seeks to provide Web3 participants with immediate cash payments to fund their projects.
Upon the sale of their recurring earnings already converted to NFTs, the Web3 players are able to get upfront cash, and this is made a reality through BorroeFinance’s peer-to-peer network, making it a good crypto to buy today.
$ROE is BorroeFinance’s native token and it’s already gaining traction based on a price increase. With BorroeFinance presently at the Stage 2 presale level, $ROE is enjoying a 50% increase from the Beta Stage where the price was $0.01.
The price currently sits at $0.015, with $ROE continuously showcasing itself as one of the best cryptos to buy.
With more investors jumping on the BorroeFinance bandwagon based on heightened enthusiasm, the cryptocurrency has shown that it has all it takes to surge to the $1 price level because it’s setting a precedent in Web3, making it one of the altcoins to watch.
Solana is Experiencing Overwhelming Institutional Inflows
Based on the bullish momentum being experienced in the crypto market, Solana has already breached the $30 price level. SOL was up by 31.2 % in the past week to trade at $31.83 at the time of writing, according to CoinGecko.
This price surge can be linked to the fact that institutional investors are eyeing the Solana network based on increased inflows. For instance, SOL experienced institutional inflows worth $15.5 million last week, as highlighted by CoinShares data.
Therefore, the Solana network has been illustrating an increase in investor confidence based on various factors, such as a surge in the total volume locked (TVL) in DeFi and soaring trading volumes.
Top economist Raoul Pal acknowledged that Solana has been bullish this year based on a 171% increase.
He pointed out, “SOL – I’ve been extremely bullish all year. It’s up 171% this year and we are about to test the big inverse head and shoulders at $30 … next major resistance would likely be $50, once confirmed.”
Given that significant support sits at the $26 level, Solana might pull back to this zone to gain the much-needed momentum that could drive the price to highs of $36.
Therefore, Solana is showcasing itself as one of the best altcoins to buy.
Learn more about BorroeFinance ($ROE) here:
Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter
