XRP Is the Most Traded Altcoin in August, Borroe.Finance and Chainlink Fight for Dominance

Published on:

Ripple’s win against the U.S. SEC sparked XRP ($XRP) market excitement, and it became the most traded altcoin in August as investors capitalized on the volatility. On the other hand, Borroe.Finance ($ROE) still dominates the cryptocurrency market with impressive gains. But, Chainlink ($LINK) has awakened with the entry of sharks and seems ready to rise further. Can Chainlink and XRP gain momentum to compete with Borroe.Finance?


XRP ($XRP) Was the Most Traded Altcoin in August

The excitement arising from a partial triumph in the fiercely fought legal dispute with the U.S. Securities and Exchange Commission (SEC) was short-lived. XRP ($XRP) swiftly surrendered most of its gains during the August downturn.

$XRP lost 21.41% of its value in August, based on CoinMarketCap data. Furthermore, the collapse made XRP the worst-performing altcoin within that period.

Dominated by negative sentiment, XRP traders locked in their gains. Based on crypto market data offered by Kaiko, XRP recorded considerably higher trading activity in August compared to other altcoins. Notably, XRP’s average daily trading volume in August was a staggering $462.8 million, four times higher than the next-ranked Solana ($SOL).

Analysts believe that XRP will maintain a bullish trend in the coming weeks after defending its $0.5000 support zone repeatedly. They say $XRP will rise to $0.6250 by the end of 2023, powered by increased demand in the market. Thus, it is a good crypto to buy today.

Borroe.Finance ($ROE) Dominate the Crypto Market in Its Presale

Borroe.Finance ($ROE) is an advanced AI-powered funding marketplace with a distinctive approach. What sets Borroe.Finance ($ROE) apart is its ability to offer Web3 users and content creators a unique avenue for generating quick cash flows. These cash flows are derived from the sale of future earnings in the form of NFTs, which include subscriptions, royalties, and invoices.

While traditional funding platforms grapple with the integration of Web3 principles, Borroe.Finance ($ROE) has seamlessly embraced this new technological shift. Borroe.Finance ($ROE) has been purposefully designed as a platform where businesses can secure essential funding using NFTs.

Furthermore, Borroe.Finance ($ROE) facilitates a peer-to-peer (P2P) ecosystem by minting and selling invoice NFTs at discounted rates. This innovation empowers investors to engage in NFT trading across multiple secondary markets, creating a new dimension for the funding landscape. Analysts say that Borroe.Finance ($ROE) offers the best NFTs to invest in currently.

Borroe.Finance ($ROE) was valued at $0.0100 in its Beta Stage. On transitioning to Stage 1 of the presale, Borroe.Finance ($ROE) gained 25% to trade at $0.0125. With Stage 2 fast approaching, Borroe.Finance ($ROE) is expected to rise to $0.0150, a 20% increase from its Stage 1 value. The massive ROI makes Borroe.Finance the best crypto investment in 2023.


Chainlink ($LINK) Fighting To Dominate the Altcoin Space

THE HUB, an industry leader in providing tools for the Gaming, Metaverse, and Mixed Realities sectors, has confirmed its participation in Chainlink’s ($LINK) BUILD program.

This collaboration with Chainlink ($LINK) BUILD represents more than a simple partnership for THE HUB. Its objective is to enhance the growth of its ecosystem and promote the adoption of its tools by harnessing the exceptional oracle services and technical prowess of Chainlink ($LINK).

In reciprocation, THE HUB will provide network fees and other benefits to Chainlink’s ($LINK) community and its service providers.

Elsewhere, Chainlink’s ($LINK) price surged above the $6.00 resistance level in the past week amid a bearish altcoin market. The rise in Chainlink’s ($LINK) price may be attributed to the increased engagement of shark wallet investors. These wallets consistently acquired Chainlink ($LINK) tokens throughout the week.

Analysts expect Chainlink ($LINK) to keep rising, powered by increased demand and network developments, to reach $7.65 by the end of 2023.

Learn more about Borroe.Finance ($ROE) here:

Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe.Finance on Twitter

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Source link