Whales continue to establish their presence in the crypto industry, with a recent report revealing that deep-pocket investors accumulated a substantial amount of Shiba Inu ($SHIB) over the last three months.
Likewise, whale activity within the BorroeFinance ($ROE) ecosystem triggered a significant increase in the DeFi coin price. Let’s discover which of these assets is the best crypto to invest in based on these developments.
Whales Purchased $300 Million Worth of Shiba Inu Coins
A report on October 27 spotlighted the massive accumulation of Shiba Inu ($SHIB) tokens by deep-pocket investors. The report showed that these investors copped a cumulative of $300 million Shiba Inu ($SHIB) in three months. This voluminous acquisition of $SHIB reflects how much institutional players favor meme coins.
For reference, whales are influential players in the cryptocurrency landscape. So, their purchasing power impacts the prices of assets significantly. In the case of Shiba Inu, $SHIB registered upswings that coincided with the growing accumulation of Shiba Inu among whales.
These events prove that $SHIB’s price reacts favorably to whales’ adoption of Shiba Inu. As seen on the charts, October was a favorable month for Shiba Inu ($SHIB). Accordingly, the asset rose from $0.00000733 to $0.00000778, representing a 5.99% increase in the price of $SHIB between October 1 and October 28.
This increase followed two consecutive months of sustained slide. Given the recent update, experts believe Shiba Inu ($SHIB) will trail higher in the coming trading terms. More precisely, they anticipate a rally to $0.00000800 in the inbound weeks, an expected 2.75% growth in the price of Shiba Inu ($SHIB).
BorroeFinance Gained 50% Amid Presale
As meme coins attempt to establish themselves in the crypto sector, decentralized finance projects simultaneously take the space by storm. One such innovation is a new DeFi project dubbed BorroeFinance ($ROE). Notably, this new project has garnered significant attention from institutional investors since its debut on the scene.
BorroeFinance boasts real-time usability among Web3-based content creators. The platform is a marketplace where future earnings are traded for instant cash. More precisely, content creators move their future earnings to the BorroeFinance platform, where they are tokenized as non-fungible tokens (NFTs).
These NFTs are eventually sold to interested buyers via BorroeFinance at a discounted rate. $ROE facilitates all transactions within BorroeFinance, serving as a medium of gas fee payment, among other uses. As the native token of BorroeFinance, $ROE runs on the Polygon mainnet alongside the protocol.
The token is currently undergoing its public presale before its official appearance on digital asset markets. Even amid its presale phase, the growing adoption of $ROE helped boost its value from the beta stage price of $0.010 to the second stage price of $0.015. This movement saw $ROE gain 50% on its initial value.
As of now, $ROE is poised for another 167% rally to the final presale price of $0.040. This projection makes BorroeFinance ($ROE) one of the best cryptocurrency investments today. Moreover, $ROE’s value tends to increase over time, given its nature as a utility token.
Learn more about BorroeFinance ($ROE) here:
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