The post As Avalanche Experiences Downturn, Enthusiasts Shift Focus to a New Altcoin Offering a Fresh Opportunity appeared first on Coinpedia Fintech News
As one of the top altcoins in the crypto industry, Avalanche (AVAX) enjoys a lot of attention from crypto investors. However, these investors are unhappy with Avalanche’s plan to invest in meme coins, and AVAX lost its bullish momentum in late 2023. Right now, savvy investors are turning to a hot new DeFi token called Borroe Finance ($ROE) for massive ROI in 2024. Keep reading to see what investors think about these tokens.
AVAX Dips Amid Meme Coin Fever
On December 29, the Avalanche Foundation spoke on its Culture Catalyst Program and the proposed plans for the future. This $100 million blockchain investment program was created in 2022, and it has focused specifically on gas tokens, tokenized real-world assets, new DeFi projects, governance tokens and stablecoins. Moving forward, the Avalanche Foundation plans to start investing massively in Avalanche-based meme coins.
Crypto experts say this plan will help Avalanche diversify its investment portfolio and take advantage of fast-rising meme coins in its ecosystem. Furthermore, the factors determining the selection process for these meme coins were unveiled during the announcement. The Avalanche Foundation will focus on meme coins with many holders, high liquidity thresholds, popular social media sentiment, and project maturity, among other factors.
AVAX investors exited the market in early 2024 despite this positive ecosystem news. On December 25, AVAX traded at $47.83. AVAX lost 16.51% a week later and traded at $40.06 in the new year. According to experts, AVAX investors were not on board with investing the blockchain’s funds in volatile meme coins, and the bearish trend might continue in the coming weeks. Therefore, AVAX can trade between $30.00 and $43.00 in Q1 2024.
Borroe Finance Round Off Third Presale Stage After Raising $2.29 Million
If you are researching the best crypto investments in 2024, ensure that Borroe Finance is on the list. Borroe Finance is an AI-powered funding marketplace built to help web3 content creators and businesses generate instant cash by selling future income. Thanks to Borroe Finance, web3 businesses can now mint their future subscriptions, royalties, and invoices into NFTs and sell them to supportive communities.
Buyers purchase these trending NFTs at discounted prices and can trade them in peer-to-peer ecosystems on secondary markets. According to crypto experts, Borroe Finance’s final target is to bridge the short-term liquidity gap in the blockchain industry. Savvy investors have predicted that Borroe Finance will be a massive success, and they raised over $2.29 million for the platform in its first three presale stages.
Currently, $ROE is selling for $0.0175 in its third presale stage, which is almost complete. After all presale stages conclude, $ROE will hit the mainstream crypto exchanges and sell for $0.04. Analysts say this $ROE price movement will deliver a massive 128.6% ROI to early $ROE investors in 2024. Also, $ROE will likely surge and trade for $0.1750 by the end of the year, thanks to an anticipated speedy market adoption.
Learn more about Borroe Finance here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
