Litecoin (LTC) and Stellar (XLM) used to be investor favorites until Borroe ($ROE) was launched. Borroe ($ROE) has captured the hearts of many investors for being one of the best cryptos to invest in. Its market performance has convinced investors that Borroe ($ROE) will become a top ICO token. Will investors be proven right? Let’s find out.
Litecoin’s (LTC) Mining Difficulty Reaches New Highs Thanks to Halving Event
Litecoin (LTC) miners are grappling with an increase in mining difficulty. The increase was probably due to Litecoin’s (LTC) latest halving that saw mining rewards reduce from 12.5 LTC to 6.25 LTC. As Its mining difficulty increases, many developers are probably looking for cheaper alternatives – a move which will likely lead to short-term bearishness for Litecoin.
On-chain data from Coinwarz showed that Litecoin’s (LTC) mining activity and its overall computational power had been on a steady decline. Litecoin’s (LTC) price has also fallen since its mining difficulty increased.
Yet, some analysts don’t lose hope and still say demand for LTC tokens will increase after its recent halving. However, many other investors expect Litecoin (LTC) to drop further by 17.1% to $70.35 due to its reduced network activity.
Stellar’s (XLM) Drop Continues As XRP Piles on Pressure with Rising Network Activity
Stellar (XLM) has been facing stiff competition as Ripple, one of its biggest rivals, has been recording a steady increase in network activity since mid-July. Ripple has had an average of 1.2 million transactions since the start of August. Bullishness around Ripple increased after its recent victory over the SEC. As a result, many investors opted for Ripple over rivals like Stellar (XLM).
Interestingly, Stellar (XLM) also rallied after Ripple’s recent court victory. Unfortunately, Stellar (XLM) couldn’t keep up with Ripple’s momentum that later became a threat to its own growth.
However, in the face of rising bearish pressure, Stellar (XLM) has fallen in the past few days. Stellar (XLM) was trading at $0.143 on August 9. As of August 15, Stellar (XLM) has fallen by 6.2% to $0.134. Some investors say Stellar (XLM) will fall by a further 8.0% to $0.126 due to competition from Ripple.
Borroe ($ROE) Joins List of Best Coins To Invest in After 25%
Borroe ($ROE) Finance is a funding protocol that allows Web 3.0 businesses to easily raise money by taking loans using their future recurring revenue as collateral.
Borroe ($ROE) helps to match buyers to creators and businesses who intend to sell their future revenue for upfront cash. It leverages NFT technology and Artificial Intelligence to ensure users get the best offers.
As a result, Borroe ($ROE) is the perfect platform for NFT marketplaces, social media influencers, Defi protocols, decentralized storage networks, and Web 3 gaming platforms.
Benefits of Borroe ($ROE) include providing investment access to low-risk businesses with fully vetted revenues and invoices. It also has low-entry points for its investment opportunities, thus catering to investors with varying budgets.
Built on Polygon, Borroe ($ROE) is fast becoming one of the most attractive blockchain ICO projects, especially after its recent 25% jump in price. Borroe ($ROE) is trading at $0.0125 after rising from its beta stage price of $0.010. Better yet, forecasts expect the price to reach $0.040 by the end of the public presale, a 300% surge from the initial price!
Learn more about Borroe ($ROE) here: