In the first week of January, altcoins like Chainlink (LINK) and Polygon (MATIC) recorded price dips, prompting investors to search for new high-ROI crypto tokens. Luckily, these investors stumbled on Borroe Finance ($ROE). Borroe Finance has raised over $2.4 million, and the token plans to deliver a triple-digit ROI in 2024. Keep reading to see expert forecasts and opinions on these tokens.
$ROE on Track to Enter Fourth Presale Stage in January 2024
One of the new DeFi projects investors are backing for success in 2024 is Borroe Finance ($ROE). Borroe Finance is an innovative AI-powered fundraising platform that allows web3 businesses to raise instant cash by selling future earnings to supportive communities at discounted prices. To ensure the safety of the fundraising process, Borroe Finance incorporates AI-risk assessment and blockchain technology into its protocol.
$ROE’s third presale stage is ongoing, 97.75% complete. At the end of all presale stages, $ROE will surge from its current price of $0.0175 to $0.0400 and sell on major crypto exchanges. This pre-planned bullish price movement means that early $ROE investors will get a massive 128.6% ROI on their tokens at the end of the presale stages.
Pink Drainer Conducts Successful Chainlink Exploits
On December 29, 2023, Scam Sniffer (an anti-scam organization monitoring exploits on DeFi companies) revealed that a Chainlink investor lost over $4.4 million worth of LINK tokens to the notorious Pink Drainer hacker group. Pink Drainer exploited the increase approval function and stole around 274,000 Chainlink tokens in two batches. According to crypto expert ZachXBT, the tokens were sold for ETH and laundered through eXch.
This exploit reduced the confidence of Chainlink investors, and LINK went bearish in the first week of January. On January 1, LINK traded at $15.05. A week later, LINK lost 8.90% and traded for $13.70. According to analysts, Chainlink may take a while to recover from this cyberattack, and LINK will likely trade between $12.00 and $14.00 for the rest of January.
MATIC Records Price Dip in 2024
On January 3, Artemis (a leading crypto analytics platform) revealed a massive surge in daily active users on Polygon’s network. Artemis said Polygon’s active users stood at 519,970 on January 2 instead of 247,200 on November 30, 2023. Like Ethereum, Polygon is becoming one of the best DeFi blockchains, and the platform had a $927 million total value locked as of January 2.
Despite this ecosystem expansion, MATIC recorded a double-digit price dip in the first week of January. On January 1, MATIC traded at $0.9742. Seven days later, MATIC lost 14.80% and traded at $0.8296. Experts say Polygon’s positive ecosystem development will eventually have a positive impact. According to analysts, Polygon is primed for a price surge, and MATIC may likely trade for $1.2490 in Q1 2024.
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