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Shiba Inu (SHIB) and Dogecoin (DOGE) are popular meme coins that are attracting investors looking for a versatile cryptocurrency portfolio. But newcomer Borroe Finance (ROE) is attracting investors, raising more than $1.9 million in an ongoing presale.
SHIB ignites discussion
On December 15, Shiba Inu’s Discord channel administrator DaVinci answered community questions regarding the delayed SHIB burn.
According to Shibarium’s Telegram post, DaVinci is confident that the planned 25 billion SHIB burn could occur at any time, highlighting the developer team’s commitment to clean up the burn.
Despite the delay, SHIB rose 3.37% in the second week of December.
On December 9, SHIB was trading at $0.00001016, and a week later it surged to $0.00001054.
Analysts attribute SHIB’s positive performance to renewed investor interest in meme coins.
The bullish trend is expected to continue, with SHIB expected to trade at $0.00001590 by Q1 2024.
Borroe Finance: Closing the short-term liquidity gap in web3
Due to their decentralized structure, traditional financial institutions are often hesitant to embrace the web3 industry.
To bridge this gap, the developers introduced Borroe Finance, an AI-based fundraising platform.
Borroe Finance gives web3 businesses easy access to short-term liquidity, allowing them to convert future profits into NFTs and sell them at a discount.
ROE is currently in its third pre-sale phase and priced at $0.0175.
After pre-sale, ROE will be listed on major cryptocurrency exchanges at $0.04.
Analysts expect a significant rise of 128.6% in 2024, providing significant returns to early ROE.
Moreover, according to forecasts, ROE is likely to reach $0.1750 by December 2024, predicting rapid market adoption.
Dogecoin rose by double digits in the fourth quarter of 2023.
Earlier this year, the Dogecoin Foundation sought to trademark the name “Dogecoin” to establish it as a patented asset.
The application was submitted to the United States Patent and Trademark Office (USPTO).
However, a leaked USPTO email dated December 13th shows that the application was canceled due to the Dogecoin Foundation’s actions and lack of follow-up.
Despite these developments, DOGE maintained market strength in the fourth quarter of 2023.
On November 16, DOGE was trading at $0.07928.
It then rose 19.10% within a few weeks to reach $0.09422.
Analysts expect the overall cryptocurrency market to show strength in the first quarter of 2024 due to the potential approval of a spot Bitcoin ETF.
DOGE is likely to surge alongside top altcoins and trade at $0.14550 next year.
Learn more about Borroe Finance here:
Visit Borroe Finance Presale | Join our Telegram group | Follow Borroe Finance on X
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