After the Bitcoin Spot ETFs approval buzz died out, retail crypto traders took a break from the crypto market. As a result, top altcoins like Optimism (OP) and Ethereum Classic (ETC) recorded fluctuating price movements in late January. Consequently, savvy crypto investors turned to a new crypto token called Borroe Finance ($ROE). Keep reading to see expert forecasts and opinions on these tokens.
$ROE Gears Up for Fifth Presale Stage in Early February
Savvy investors are always looking for revolutionary new DeFi projects, and some of these investors found Borroe Finance in the second half of 2023. For context, Borroe Finance is an innovative AI-powered fundraising marketplace built to allow web3 businesses to raise instant cash by minting their future earnings into popular NFTs and selling them at discounted prices to supportive communities.
$ROE’s fourth presale stage is 85.32% complete, and the platform will likely enter its fifth presale stage in early February. After all presale stages end, $ROE will surge from its current price of $0.019 to $0.040. According to crypto analysts, this bullish $ROE price movement will result in a massive 110.5% ROI for early Borroe Finance investors in 2024.
OP Ranges Amid Talks of a Super Chain Bridge
On January 25, Superbridge (a native bridging platform for ZK-rollups and L2 blockchains) announced that it has received a grant to ‘build an official super chain bridge.’ According to Superbridge, layer-2 blockchains such as Optimism, Base, and Mode Network will have the total support of Superbridge. Furthermore, crypto news reveals that Optimism was the first DeFi platform to put out a request for funds proposal (RFP) for a super chain bridge.
This positive ecosystem development had little effect on Optimism investors and OP recorded a ranging price movement in late January. On January 22, OP’s price stood at $3.01. A week later, OP gained a meagre 1.76% and traded for $3.06. According to crypto experts, OP will likely go bearish in February due to declining investor activity in the DeFi space. As a result, we can expect OP to trade for $2.75 in the next few weeks.
ETC Ranges Ahead of Era 5 Fifthening
As a fork of Ethereum and a close spin-off of Bitcoin, Ethereum Classic has similar features to these alpha cryptos. For example, Ethereum Classic has a feature similar to Bitcoin’s halving. This blockchain feature is called fifthening, and the process reduces Ethereum Classic’s mining reward by 20% for every 5,000,000 blocks of ETC mined. The next Ethereum Classic fifthening is scheduled for May/June 2024.
For now, Ethereum Classic investors are staying out of the market, and ETC ranged in the fourth week of January. On January 22, ETC sold for $23.96. Seven days later, ETC lost 1.67% and sold for $23.44. Some savvy investors have decided to HODL ETC in 2024 because of the possibility of a US SEC approval for Ether Spot ETFs. Other things being equal, ETC should record a massive bull run in late 2024.
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