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While Monero rebounds and Jupiter faces challenges, Borroe Finance’s innovative DeFi solutions attract more and more interest.
Monero (XMR) and Jupiter (JUP) have been under pressure recently due to unfavorable ecosystem trends. Binance plans to delist Monero later this month, but JUP has lost more than 50% of its value in less than a week. Luckily, Borroe Finance ($ROE) has gained more ground as a decentralized funding utility, and analysts believe the token will deliver massive ROI for investors. Read on to see what experts think about these tokens.
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Binance plans to delist XMR in February
On February 6, Binance, the world’s leading cryptocurrency exchange, announced plans to delist XMR and three other altcoins in February 2020. In response to these developments, the Monero team said it “will never compromise on privacy” and called on investors to trade Monero. Tokens and atomic swaps of DEX (decentralized exchange). Moreover, the Kraken exchange supported Monero with the cryptic message that “privacy is not a crime.”
Despite Monero’s delisting, XMR investors are still purchasing the token. On February 7, XMR was trading at $122.88. A week later, XMR rose 5.74% to $129.71. The departure of XMR, a privacy-focused cryptocurrency, from Binance will undoubtedly raise questions among institutional investors. However, retail cryptocurrency traders are likely to continue buying XMR in the near term, with the token trading as high as $132.5 in the coming weeks.
JUP plummets despite positive ecosystem indicators
On January 31, Allium Labs and Dune Analytics teamed up to review and release data related to Jupiter Exchange’s wins in the first month of the year. According to the report, Jupiter was the top DeFi trading platform in January. Additionally, Jupiter ranked in the top two by CoinGecko trading volume and emerged as the most integrated platform in the Solana ecosystem.
Despite these ecosystem developments, JUP recorded a price decline in the second week of February. On February 7, JUP was trading at $0.005738. JUP fell 56.73% after 7 days and plummeted to $0.002517 on February 14th. According to analysts, JUP is likely to maintain its bearish trajectory and trade at $0.002130 by March 1 as retail cryptocurrency traders move to traditional CEXs in preparation for the coming event. BTC halving.
Investors support new high-utility project ROE
As a novice cryptocurrency investor, you can know if a new token will be successful by studying its proposed utility and early-stage success. By these criteria, Borroe Finance could succeed after its new platform raises more than $2.8 million and enters its fourth pre-sale phase.
Borroe Finance is an AI-powered fundraising platform that allows web3 businesses to raise cash instantly by selling future earnings at a discount.
ROE’s fourth pre-sale phase is over 88% complete and tokens are selling for $0.019. After all pre-sale stages, ROE is listed on major cryptocurrency exchanges and sold for $0.040. As a result of this bullish price movement, cryptocurrency analysts predict that early investors will reap a whopping ROI of 110.5%. Experts also believe that ROE is likely to register rapid market acceptance and be trading at $0.180 before the end of the year.
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