Avalanche ($AVAX)’s market performance is succumbing to bearish pressure, confounding holders. Elsewhere, Litecoin’s growing popularity on Bitpay is aiding $LTC’s efforts to overcome current resistance.
Meanwhile, Borroe.Finance ($ROE) appears to be in the green zone, with its popularity soaring beyond expectations. The $ROE numbers are impressive, but can they make it one of the best cryptocurrencies, surpassing $AVAX and $LTC? Let’s discuss.
When $AVAX fell below $10, Avalanche holders panicked.
The market downturn in early September hit many top altcoins hard, including Avalanche. Despite the Avalanche’s relatively high network activity, it faces significant bearish pressure in the market.
The $AVAX token fell below double digits following the market downturn. $AVAX was trading at $10.37 on August 28th. As markets plunged on September 1, $AVAX fell 4.3% to $9.92.
Markets fell after the SEC asked Spot Bitcoin ETF applicants to wait until October for a response. Investor sentiment for networks like Avalanche ($AVAX) plummeted following the news. Avalanche’s partnerships in the DeFi sector are increasing. But they couldn’t help the market outlook for Avalanche ($AVAX).
What’s worse is that the impact of the market downturn on the Avalanche doesn’t appear to be abating any time soon. As of September 18, $AVAX is trading at $9.20. However, investors expect $AVAX to fall to $9.01 due to the Avalanche’s current bearish momentum.
Litecoin ($LTC) is struggling to break above $65.
Despite being affected by the September 2023 crash, Litecoin ($LTC)’s network performance was high. Similarly, sentiment for Litecoin has also steadily risen, providing enough momentum for $LTC to begin a recovery.
$LTC was trading at $63.01 on September 1 following the market crash. It recovered 4.7% to $66.00 on September 15th. However, $LTC fell 3.6% to $63.58 on September 17th.
$LTC’s resilience is probably due to Litecoin’s soaring market performance. By August 27, Litecoin usage on Bitpay had surged by more than 50%. Now, some analysts say Litecoin’s strong network performance could mean it has finally become a worthy challenger to Bitcoin.
Although Bitcoin still remains the largest cryptocurrency, Litecoin’s credibility as a payment provider has increased over the past few months. As of September 18, $LTC is trading at $65.79. However, as demand for Litecoin payment services increases, $LTC may rise to $72.35.
Borroe.Finance: World’s First Invoice Web3 Discount Marketplace
The Web 3.0 industry’s need for instant financing will benefit from the upcoming launch of Borroe.Finance. Through its peer-to-peer ecosystem, Borroe.Finance helps businesses find instant cash for their everyday business needs. We leverage revenue financing to create a seamless and efficient funding marketplace that meets users’ needs quickly and affordably. Click here to purchase $ROE tokens.
Borroe.Finance ($ROE) asks companies to convert their future and superior profits into fractional NFTs. These split NFTs serve as collateral for loans. Once completed, these NFTs will be sold on Borroe.Finance’s marketplace.
Borroe.Finance also recommends including discounts to increase the likelihood of approval of each loan request.
The platform rewards buyers and sellers who are active in the market. There is also compensation for loan repayment. Borroe.Finance offers greater privacy and anonymity along with a simplified fee structure. Borroe.Finance also offers real-time invoice tracking.
Among new ICOs currently, Borroe.Finance appears to be one of the fastest growing low-cost, high-return investment opportunities. With over $90 million worth of ROE tokens sold, the market is already picking up on the project.
Currently $ROE is in Phase 1 pre-sale and its current price is $0.0125. However, early backers are already enjoying a 25% ROI off the initial price of $0.0100. In the second phase of the $ROE pre-sale, its value may rise to $0.0150. By then, early backers of $ROE will have received a 50% profit.
To learn more about Borroe.Finance($ROE), visit Borroe.Finance($ROE). Join our Telegram group | Follow Borroe on Twitter