Connect with us

Solana (SOL)

While Solana and BNB Trend Parallel, Borroe Shatters the Red Price Barrier



Solana’s (SOL) network has recorded an increase in NFT sales, but the positive development has not impacted the price of the token. On the other hand, BNB (BNB) is walking on a tightrope after the liquidation of previously stolen funds. Remarkably, Borroe ($ROE) is flying after offering investors a 25% profit in its presale stage. Which of them is the best long-term investment?

Solana Increases NFT Sales, But Development Activity Stagnates

Solana’s (SOL) network has been struggling in recent weeks. The latest Cryptoslam data has shown that Solana (SOL) recently managed to record an NFT sales volume of more than $2 million in three days. This increased volume enabled Solana (SOL) to surpass Polygon, now only trailing Ethereum.

Also, Solana (SOL) has been performing well in revenue and total value locked in recent months.

Yet, not everything is surging in Solana’s (SOL) market. Santiment’s data shows the development activity on Solana’s (SOL) network has plunged by 35% in the past month. Then, the trading price of Solana (SOL) has also dropped by 18% in the same period.

Furthermore, Artemis data shows a drop in daily transactions for Solana’s (SOL) since the US SEC highlighted legal issues affecting the coin in June 2023. Analysts believe that with the improving market conditions, Solana (SOL) could rise to $32.55 by the end of 2023, which makes it one of the best cryptos to buy today.

BNB (BNB) Hangs On the Balance after Liquidation of Stolen Funds

In October 2022, a hacker breached the Binance Coin (BNB) Chain bridge, causing $560 million in damage by minting around 2 million BNB tokens. Then, recently, during the crypto market meltdown on August 17, 2023, a $30 million Binance Coin (BNB) position linked to that theft was liquidated on the Venus lending protocol.

BNB’s team liquidated the position on Venus lending protocol manually as BNB dipped below $220. Interestingly, BNB was trading at $314 in October 2022, but as of August 26, 2023, BNB is trading at $217, a drop of 36.25% in that period. 

While the crypto market kept sliding, BNB’s price maintained its current range. A decrease in the CVD and negative funding rates point to a bearish outlook for BNB. In addition, crypto experts believe that the current market situation does not favor BNB. 

Hence, a drop below $215 by September 2023 is possible, meaning BNB is not a good crypto to buy right now.

Borroe ($ROE) Is Immune to the Bearish Crypto Market

Borroe ($ROE) stands as the pioneering web3 blockchain invoice discounting NFT marketplace globally. Operating as a decentralized fundraising platform, $ROE helps Web3 individuals and enterprises to quickly generate required capital by selling their future earnings.

Using Borroe ($ROE), individuals can convert their upcoming subscriptions, royalties, invoices, and digital payments into non-fungible tokens (NFTs), which they can then offer to supportive communities at reduced rates. Moreover, buyers can resell these NFTs on secondary markets, supported by a strong peer-to-peer system.

In a recent development, Borroe ($ROE) underwent verification by BlockAudit, confirming its immunity to cyberattacks and malware threats. Furthermore, Borroe has made its smart contract address publicly available, showing its commitment to transparency and openness.

At present, $ROE is valued at $0.0125 in Stage 1 of its presale, with more than 55 million tokens already sold. At the end of all presale stages, Borroe is expected to enter the mainstream cryptocurrency market at $0.040.

This price trajectory represents a remarkable 300% surge for early $ROE investors and a substantial 220% return on investment for those who make their purchase now. Based on the forecasts, undoubtedly, Borroe is the best crypto investment to buy today.


Join our Telegram Channel