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Several popular cryptocurrencies have seen rapid rises over the past few years. One such example is Solana (SOL). Meanwhile, investors are closely monitoring Borroe Finance (ROE). The platform aims to redefine web3 financing and has garnered support from XRP investors.
Find out more about Borroe Finance
Borroe Finance has raised more than $2.6 million through an ongoing pre-sale.
AI-powered fundraising marketplaces allow web3 businesses to raise cash by selling future earnings to their supporting communities at a discounted price.
Pre-sale stage 4 provides an ROE of $0.019.
The token price is $0.040, but supporters say ROE could rise to $0.190 by December 2024.
Falling Solana
On January 18, Electric Capital published a report on the best non-EVM chains for new developers.
Solana has emerged as a top choice for developers, with over 3,300 developers actively building blockchains.
Additionally, the report predicts that the Solana ecosystem will have 2,500 new developers by 2024, with a retention rate of 50%.
Nevertheless, SOL is under pressure, unable to break above $90.
With the decline under control, some analysts say SOL could fall to $75 by February 2024.
XRP Investors Expect 2024 Roadmap
On January 16, Ripple CEO Brad Garlinghouse joined CFTC Commissioner Caroline D. Pham at Bloomberg House.
They discussed the future of cryptocurrencies and how to ensure that digital assets like XRP can better adapt to future changes.
On January 18, Brad spoke at the World Economic Forum, emphasizing the need for a realistic view of cryptocurrencies and sharing Ripple’s plans for central bank digital currencies (CBDCs) in the coming months.
XRP does not move. On January 12, the coin changed hands at $0.5777, and a week later it was trading at $0.5347, down 7.44%.
According to analysts, investors should consider other coins besides XRP in the first quarter of 2024 due to declining investor confidence and declining upward momentum.
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