As 2023 ends, savvy investors are already researching the best altcoins for investment in 2024. While tokens like Cardano (ADA) and Chainlink (LINK) are viable options, investors are leaning towards BorroeFinance ($ROE). BorroeFinance is a hot new crypto token that promises to decentralize web3 fundraising through innovative lending processes. Keep reading to see expert forecasts and opinions on these tokens.
BorroeFinance: Creating New Fundraising Methods for the Web3 Industry
BorroeFinance ($ROE) is a new AI-powered fundraising platform built to allow web3 businesses and content creators generate instant cash by selling future earnings to supportive communities. On BorroeFinance, web3 participants can mint their future income into trending NFTs and sell them at discounted prices. As a result, lenders enjoy low risk investment while the web3 platform gets access to instant funding.
$ROE recently entered its third presale stage and the token surged from $0.0150 to $0.0175, gaining 16.7%. After all presale stages conclude, $ROE will hit the crypto market and sell for $0.0400. Analysts say this $ROE price movement will result in a massive 128.6% ROI for early investors. Furthermore, experts predict that $ROE will see a speedy market adoption, meaning $ROE may likely trade for $0.175 by December 2024.
LINK Rises Amid Staking v0.2 Launch
Chainlink recently announced the launch of its much-anticipated Staking v0.2 protocol. According to a blog post on November 28, existing Chainlink v0.1 stakers can send their staked LINK tokens and rewards to the v0.2 platform during a nine-day priority migration phase. By 12PM ET on December 7, Chainlink investors who meet certain requirements can stake 15,000 LINK tokens for 96 hours before general access is granted on December 11.
LINK stayed bullish in the first week of December thanks to the influx of new Chainlink investors. On December 1, LINK traded at $14.51; by December 6, LINK already gained 6.73% and sold for $15.52. According to experts, Chainlink is set to welcome a fresh batch of savvy and beginner cryptocurrency investors and LINK will likely trade for $20.10 by Q1 2024.
ADA Records Double-digit Surge in December
On December 6, Coinbase International Exchange announced that it will offer up to 10x leverage on all listed perpetual futures contracts, including ADA-PERP. According to experts, this increase in leveraging power will attract more retail investors to the Cardano perpetual futures contract. Furthermore, Cardano Explorer recently reported that the number of large Cardano transactions crossed 7,000 in early December.
As a result, ADA recorded a 16.1% surge in the first week of December. On December 1, ADA sold for $0.3831; by December 7, ADA already rose to $0.4432. According to analysts, retail Cardano investors interested in future ADA-PERP futures contracts will come into the market and increase the buying pressure on the token. Therefore, we can expect a price rally.
Learn more about BorroeFinance here: