Ethereum (ETH) and Binance Coin (BNB) make up more than 17% of the total crypto market cap, and these tokens will always make up the investment portfolios of savvy investors. However, general market trends favor new tokens in 2024, and Borroe Finance ($ROE) is one of these cryptos. The new blockchain platform aims to decentralize web3 fundraising through AI. Keep reading to see what experts are saying about these tokens.
Savvy Investors Accumulate $ROE As Fifth Presale Stage Draws Closer
As a beginner cryptocurrency investor, you can make your way to crypto fortune by investing in high-ROI tokens at their early stages. Recently, savvy investors backed Borroe Finance’s success after recognizing the platform’s potential. For context, Borroe Finance is an AI-powered fundraising platform that allows web3 businesses to raise instant cash by selling future earnings to supportive communities at discounted prices.
$ROE’s fourth presale stage is ongoing, and the token is selling for $0.019. This stage is already 86.5% complete, and $ROE will surge to $0.040 at the end of all presale stages. According to crypto analysts, this bullish $ROE price movement will play out when $ROE lists on major crypto exchanges, resulting in a massive 110.5% ROI for early Borroe Finance investors.
Whale Action Signals Bearish Price Movement for ETH
On February 5, SpotonChain (one of the world’s best cryptocurrency analytics platforms) reported that a giant Ethereum whale known as czsamsunb.eth. unstaked and transferred 32,930 Ethereum tokens (approximately $75.74 million) to Binance. According to SpotonChain, this whale often deposits Ethereum to Binance before a price dip. In addition, experts predict a massive Ethereum dump over the next few days due to this whale action.
For now, Ethereum is still bullish because retail crypto traders decided to HODL ETH. On January 29, ETH sold for $2,273. A week later, ETH gained 2.24% and sold for $2,324 on February 5. If czsamsunb.eth eventually offloads these ETH tokens in mid-February, we might see ETH trade for $2,200 before the end of the month. However, ETH will likely record a massive bull run later in the year if the US SEC approves Ether Spot ETFs.
“Sell Binance Coin Now,” says Crypto Attorney
On January 22, Jeremy Hogan, a crypto attorney from Orlando, took to X to warn Binance Coin investors to sell their tokens. Hogan said this after spotting trends and crypto news from the SEC vs. Binance court hearing. According to the crypto lawyer, the court appears to be ‘implicitly’ siding with the SEC on issues bordering on fair notice and major questions. Furthermore, the Judge seems to be backing the SEC on the Howey test.
As a result of this pessimistic ecosystem prediction, Binance Coin lost 1.52% in the first week of February. On January 29, BNB sold for $307.90. Seven days later, BNB lost 1.23% and traded for $302.91. According to crypto analysts, top altcoins like ETH and BNB will likely surge in Q1 2024, thanks to upcoming BTCs halving in April/May. Therefore, experts say BNB may trade for $340 by March.
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