Beyond Monero and Shiba Inu: Uncovering a Hidden Gem in Cryptocurrency Investments
In Brief
BorroeFinance is an AI-based web3 fundraising platform that allows content creators and web3 participants to generate instant cash by selling future earnings.
Shiba Inu (SHIB) is the world’s second most popular meme coin and will keep attracting investors for the foreseeable future. Also, Monero (XMR) is set to become one of the best cryptos to buy after central banks worldwide approve CBDCs. However, investors are looking past these altcoins to invest in BorroeFinance ($ROE), a hot new crypto token with high potential. Let’s delve in to see expert opinions on these tokens.
XMR Ranges in the First Week of December
Privacy-focused cryptos like Monero and Dash have seen increased interest from institutional investors due to the Federal Reserve’s interest in launching a Central Bank Digital Currency (CBDC).
For context, data from BitInfoCharts showed that Monero’s daily transaction volume spiked by 200% in 2023. On January 1, Monero’s daily transaction volume stood at 10,900; by November 17, that figure spiked to 33,400.
Monero ranged into December, and XMR only gained 2.32% in the first days of the month. According to Coinmarketcap, XMR traded at $166 on December 1. Five days later, XMR surged and sold for $170.
Due to the social nature of the crypto industry, experts say Monero will record a massive price surge when the Federal Reserve eventually launches its first CBDC. Analysts say XMR will most likely range between $150 and $180 in Q1 2024.
SHIB Surges Amid Massive Token Burn
Recently, Shibburn (the leading Shibburn tracker) data showed that an unidentified Shiba Inu community member burnt over 8.2 billion SHIB tokens within 24 hours.
This action caused a 40,000% spike in the Shiba Inu burn rate, indicating a general rise in the value of Shiba Inu. In other news, data from Shibarium Scan showed that total transactions on the Shiba Inu L2 blockchain surpassed the 30 million milestone on December 3.
As a result of positive ecosystem developments, SHIB recorded a double-digit surge in the first days of December. On December 1, SHIB sold for $0.000008127.
In less than a week, SHIB gained 11.69% and traded for $0.000009071. According to experts, Shiba Inu remains one of the best crypto investments, and SHIB is likely to sell for $0.000017550 in Q1 2024 thanks to the upcoming BTC halving.
$ROE’s Second Presale Stage Reaches 98.96% as Investors Rush for Last-Minute Buys
BorroeFinance is an AI-based web3 fundraising platform that allows content creators and web3 participants to generate instant cash by selling future earnings.
On BorroeFinance, web3 businesses can mint their future subscriptions and invoices into trending NFTs and sell them at discounted prices. Due to the huge utility and high-ROI potential of BorroeFinance, the platform raised $1.8 million between July and November.
$ROE’s third presale stage is already half complete, and savvy investors are buying the token for $0.0175. After all presale stages conclude, $ROE will sell for $0.040 on major crypto exchanges and deliver a massive 167% ROI to early investors.
Furthermore, experts have predicted that the crypto market will quickly accept the BorroeFinance project, meaning $ROE will likely trade for $0.180 by December 2024.
Learn more about BorroeFinance here:
Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
