Monero shows resilience, Jupiter struggles, Borroe Finance innovates in defi space
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Monero bounces back, Jupiter faces challenges, while Borroe Finance’s innovative DeFi solutions spark growing interest.
Monero (XMR) and Jupiter (JUP) have been under pressure recently due to unfavorable ecosystem trends. While Binance plans to delist Monero later this month, JUP lost over 50% of its value in less than a week. Luckily, Borroe Finance ($ROE) gained more ground with its decentralized fundraising utility, and analysts believe the token will deliver a massive ROI to investors. Keep reading to see what experts think about these tokens.
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Binance to delist XMR in February
On Feb. 6, Binance, the world’s leading crypto exchange, announced its plans to delist XMR and three other altcoins in February 2020. Responding to this development, Monero’s team said it would “never compromise on privacy” and asked investors to trade their Monero tokens on DEX (decentralized exchanges) and atomic swaps. Furthermore, Kraken Exchange supported Monero with a cryptic message: “Privacy is not a crime.”
Despite Monero’s upcoming delisting, XMR investors are still buying the token. On Feb. 7, XMR traded for $122.88. A week later, XMR gained 5.74% and sold for $129.71. As a privacy-focused cryptocurrency, XMR’s exit from Binance will undoubtedly raise questions among institutional investors. However, retail crypto traders will likely keep buying XMR in the short term, and we may see the token trade for $132.5 in the coming weeks.
JUP plunges despite positive ecosystem metrics
On Jan. 31, Allium Labs and Dune Analytics collaborated to review and reveal data relating to Jupiter Exchange’s wins in the first month of the year. According to these reports, Jupiter was the best defi trading platform in January. Furthermore, Jupiter was in the top two by trading volume on Coingecko and emerged as the most integrated platform in the Solana ecosystem.
Despite this ecosystem progress, JUP recorded a price dip in the second week of February. On Feb. 7, JUP traded at $0.005738. JUP lost 56.73% seven days later and plunged to $0.002517 on Feb. 14. According to analysts, JUP will likely sustain its bearish trajectory and trade for $0.002130 by March 1 due to the migration of retail crypto traders to established CEXs in preparation for the upcoming BTC halving.
Investors back new high-utility project ROE
As a beginner cryptocurrency investor, you’ll know if a new token will succeed by studying its proposed utility and early-stage successes. By these standards, Borroe Finance might be successful after the new platform raised over $2.8 million and is in the middle of the fourth presale stage.
Borroe Finance is an AI-powered fundraising platform that allows web3 businesses to raise instant cash by selling future earnings at discounted prices.
ROE’s fourth presale stage is over 88% complete, and the token is selling for $0.019. After all presale stages conclude, ROE will list the major crypto exchanges and sell for $0.040. As a result of this bullish price movement, crypto analysts predict that early ROE investors will get a massive 110.5% ROI. In addition, experts believe ROE will record speedy market acceptance and likely trade for $0.180 before the end of the year.
Learn more about Borroe Finance here:
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