Last week, Bitcoin (BTC) fell below $29,000 support briefly and almost triggered selling pressure in the market. In other news, Compound (COMP) struggled to maintain steady momentum after its CEO’s exit. Savvy investors are now turning to a hot new crypto called Borroe ($ROE). The platform aims to solve the challenges in decentralized funding and is currently in its presale stage.
Borroe ($ROE) is an innovative discounting NFT marketplace where web3 market participants and content creators can generate instant cash by selling their future digital income. On Borroe ($ROE), you can mint your invoices, royalties, and subscriptions into NFTs and sell them at discounted prices to a supportive, vibrant community.
To ensure a secure and straightforward fundraising process, Borroe ($ROE) incorporates AI risk assessment, effective payment solutions, and blockchain technology in its protocol. Borroe ($ROE) also fosters a P2P system that allows buyers to buy and sell discounted invoice NFTs on secondary markets.
For the first time in July 2023, Bitcoin (BTC) fell below the $29,000 support level. Bitcoin (BTC) traded at $28,937 on July 24, and experts have attributed this price dip to a significant decline in Bitcoin (BTC) whale activity and sustained selling pressure by retail market participants. According to Santiment, Bitcoin (BTC) whale wallet addresses declined by 1% in Q2 2023.
Even though Bitcoin (BTC) quickly recovered and is trading at $29,277 on July 26, analysts say the storm is not over yet. If Bitcoin (BTC) manages to break through support levels again, Bitcoin (BTC) bulls might fold, and we may see the token hit $25,000 in Q3 2023.
On the other hand, analysts say we may see another Bitcoin (BTC) surge after an investment optimal risk portfolio formula leaked from Blackrock (the world’s largest asset manager). This formula states that having 84% BTC in your risky portfolio is ideal and prudent. This data shows that big money players still back Bitcoin (BTC) for long-term growth and ROI.
CEO of Compound (COMP), Robert Leshner, recently resigned. According to reports from the ecosystem, Robert left $2 billion in assets for Compound (COMP), and the platform has blossomed after his departure.
After recording a massive surge of 92.31% in 30 days, Compound (COMP) has struggled to maintain its bullish momentum in the final days of July 2023. On June 29, 2023, Compound (COMP) was trading at $39.78. By July 16, Compound (COMP) gained 109.9% and rose to $82.30, thanks to significant whale activity.
Compound (COMP) remained highly volatile after this price surge, dipping to $69.50 on July 20. By July 25, Compound (COMP) went bearish further and traded for $59.18. Thankfully, Compound (COMP) bulls have returned to the market, and the token is trading at $71.48 on July 26.
Currently, Borroe ($ROE) completed its Beta presale stage and is selling for $0.0125. Crypto millionaires know the only way to wealth in this industry is by buying high-value tokens at their early stages. In Borroe’s ($ROE) case, this process will start after all presale stages are complete. Borroe ($ROE) will trade at $0.0400 when it hits major crypto exchanges and delivers a 300% surge to early investors.
Learn more about the Borroe ($ROE) presale here:
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
XRP has moved lower again, slipping below $1.89, as weakness across the broader crypto market…
Bitcoin started the new trading week under pressure, with prices falling sharply and breaking lower…
While the broader cryptocurrency market is under pressure, MYX Finance (MYX) is moving in the…
The cryptocurrency market is under pressure today, with Bitcoin, Ethereum and XRP among other altcoins…
The price of XRP has remained range-bound despite growing discussion around institutional interest, exchange-traded fund…
The current market is struggling with tight liquidity and high inflation, and users distrust traditional…
