Outshining Dogecoin and Litecoin: The Emergence of a New Altcoin with Potential for Massive Returns
In Brief
Dogecoin (DOGE) and Litecoin (LTC) have recently hit notable milestones, with Dogecoin seeing a significant whale transaction and Litecoin mining its 74 millionth coin, signaling its growing scarcity. These developments contrast with the emergence of Borroe Finance ($ROE), one of the top crypto coins poised for potential massive returns. Borroe Finance is a revolutionary AI-powered funding marketplace. Let’s explore more.
Major Dogecoin Whale Moves Millions of DOGE to Robinhood
On December 20, a Dogecoin whale transferred 85 million DOGE, worth about $7.57 million, to Robinhood. This large transaction suggests potential sell pressure on Dogecoin, as it’s common for large holders to move assets to exchanges for selling.
Post-transaction, the whale’s account showed a zero balance of DOGE, hinting at a complete exit from Dogecoin. Yet, this movement didn’t impact Dogecoin’s price as Bitcoin was recovering during the same period. DOGE slightly increased by 1.40% in 24 hours, trading around $0.092 on December 20.
Besides, DOGE is one of the top 10 altcoins with a market cap of $13 billion. Despite the sell-off, there are signs of a market rebound with increasing buying interest in DOGE. However, analysts say they observed a flag pattern in Dogecoin’s trading activity, and a downturn is expected for DOGE.
Predictions indicate that Dogecoin could potentially trade below the $0.09 mark following a fall from the current pattern, with a key resistance level at $0.105. Thus, DOGE investors are looking for better options for greater returns.
74 Million Litecoins Is Already Mined
On December 20, the Litecoin Foundation announced that the 74 millionth LTC had been mined, bringing the total circulation to 74 million LTC. With a capped maximum supply of 84 million, this leaves only 10 million Litecoins left to be mined.
This milestone underscores Bitcoin’s growing scarcity as a digital asset. The Litecoin Foundation highlighted the increasing global adoption and demand for LTC, emphasizing its status as a scarce commodity.
Besides, LTC, one of the best altcoins, was trading around $71, with a minor 1.31% increase over the 24 hours on December 20. Litecoin is facing resistance at $75 and support at $65. Despite a surge in buying activity, the LTC price has struggled to surpass $72 due to seller resistance.
In addition, the RSI and MACD indicators of LTC suggest that sellers might be gaining control, signaling potential volatility ahead. If Litecoin maintains its momentum above $74, LTC could rise to $79; however, failing to do so might lead LTC to a drop below $65. Thus, LTC investors are looking for better investing opportunities like $ROE.
Borroe Finance Outshines Other Established Coins With its Amazing ROI
Borroe Finance, one of the top altcoins, is rapidly emerging as a potential game-changer with immense growth potential. The appeal of Borroe Finance lies in its strategic focus on businesses with consistent revenue streams.
Borrow Finance’s ongoing Stage 3 presale of its native token–$ROE, has garnered significant attention, selling over 82.66% at $0.0175 each. By the end of the presale at Stage 8, the price of $ROE is projected to hit $0.040, a significant 300% increase from the initial offering.
A key factor driving investor enthusiasm is the tokenomics of $ROE. Each transaction of $ROE involves a 1% burn, a 1% reward to holders, and a 1% allocation for marketing. Additionally, $ROE holders will benefit from premium features like reduced fees, advanced analytics, and priority support. These incentives have spurred investor interest, especially for long-term holdings of $ROE.
Borroe Finance is a facilitator of a highly automated marketplace for real-time financing in the Web3 domain. $ROE’s revenue model is akin to an exchange, with earnings from transaction fees and monthly subscriptions.
Borroe Finance utilizes blockchain technology, smart contracts, and AI-powered risk assessments to enhance efficiency. Investors are showing keen interest in Borroe Finance, drawn by $ROE’s unique value proposition and robust management team. Experts say Borroe Finance is an attractive option for those aiming to benefit from the expansion of DeFi.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance 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.
