Exploring new cryptocurrency options as XRP’s performance raises questions among experts
Ripple (XRP) was one of the best-performing cryptocurrencies in the second half of 2023, following a court ruling by Judge Analisa Torres in July. However, due to ongoing legal pressure from the SEC, the token has seen a steady decline. On the other hand, a new cryptocurrency called Borroe Finance ($ROE) has entered pre-sale and the token promises to deliver huge ROI in 2024. Read on to see expert predictions and opinions on this token.
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Borroe Finance: Decentralizing Web3 Funding
As a novice cryptocurrency investor, you can find cryptocurrency luck by targeting new tokens with high potential and investing early. Smart investors have used this trick all the time, and they did it again when they raised over $2 million for Borroe Finance. Borroe Finance is a new AI-based financing platform that aims to decentralize web3 financing by allowing web3 businesses to raise cash immediately by selling future earnings.
Borroe Finance allows web3 participants to create NFTs of their future earnings and sell them at a discount to the supporting community. To ensure the safety of the funding process and ensure lenders’ returns, Borroe Finance integrates AI risk assessment, blockchain technology, and efficient payment solutions into its protocol.
Currently, $ROE is in its third pre-sale phase and tokens are selling for $0.0175. After all pre-sale stages, $ROE will be released to the mainstream cryptocurrency market and sold for $0.04. Analysts say this $ROE price movement will occur in 2024, giving early investors a massive ROI of 128.6%. Experts also expect rapid market acceptance of Borroe Finance, which means $ROE will likely be trading at $0.1750 by December 2024.
Ripple’s legal scuffle undermines investor morale.
Earlier this year, Judge Analisa Torres issued an important ruling in Ripple Vs. SEC case. Judge Torres ruled that the SEC cannot classify XRP as a security because it fails the Howey test. The ruling triggered a surge in Ripple’s price in July, and Judge Torres ultimately rejected the SEC’s interim appeal in October. However, the case was not over and Ripple investors had to explore other top altcoins in December.
The next Ripple vs. SEC trial is scheduled for April 2024, and the cryptocurrency market is still waiting to see whether the SEC will proceed with it. If the SEC decides to proceed with a full trial, the case could continue until June 2027, according to legal experts like Jeremy Hogan. Ripple CEO Brad Garlinghouse is preparing for this eventuality and has budgeted $200 million for legal costs. Hopefully the SEC will agree to a settlement soon.
According to some analysts, XRP investors are tired of endless legal battles and this sentiment will be reflected in the fourth quarter of 2023. While top altcoins have seen double- and triple-digit price surges during this period, XRP fell 0.03% between November and December. On November 18, XRP was trading at $0.6024. A few weeks later, XRP was trading at $0.6007. Experts say XRP will range between $0.58 and $0.62 by the SEC trial in April 2024.
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