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Top altcoins like Solana (SOL), and Ripple (XRP) had a good run in the second half of 2023. However, investors are slowly pulling out of these tokens due to a slowing bullish momentum.

On the other hand, savvy investors are buying BorroeFinance ($ROE), leading the platform to raise $1.45 million in its early stages. Keep reading to see expert opinions and forecasts for these tokens.

Investors are pivoting to a brand new high-utility token called BorroeFinance ($ROE). BorroeFinance is an AI-powered funding marketplace that allows web3 content creators and participants to raise instant cash by selling their future digital earnings. 

On BorroeFinance, web3 businesses can mint their future income into trending NFTs and sell them at discounted prices to their audience.

Currently, $ROE is in its second presale stage, and the token is selling for $0.015. When all presale stages conclude, $ROE will hit the mainstream crypto market, debuting at $0.04. This means the price movement during the presale will have delivered a 167% ROI to early investors. 

Furthermore, analysts predict $ROE could surge significantly and trade for $0.075 by April 2024, thanks to the upcoming BTC halving.

Recently, data from Lookonchain (one of the best cryptocurrency analytics platforms) showed that Solana might soon face a price crash. FTX recently transferred 250,000 SOL to the Kraken exchange. These Solana tokens are worth $13.6 million, and offloading them will cause SOL oversupply in the market and increase selling pressure.

Solana’s bullish momentum is already waning, and SOL only gained 6.65% in the third week of November. 

On November 13, SOL sold for $56.89. A week later, SOL surged and sold for $60.62. This is the first week in Q4 where SOL did not record a double-digit price surge, and analysts have interpreted this move as Solana bulls giving up control. Therefore, SOL may likely trade for $50 in early 2024.     

The US Securities and Exchange Commission (SEC) and Ripple Labs still have an ongoing court case, and the next trial date is set for April 2024. 

Coincidentally, the next Bitcoin halving event will take place in April, meaning investors worldwide will have their eyes set on the BTC and Ripple. More focus on an asset in the financial markets usually means high volatility, either bullish or bearish.

XRP is already down 5.18% in November due to declining investor enthusiasm. On November 13, XRP traded for $0.653. A week later, XRP fell and sold for $0.618.

According to analysts, Ripple could decline in the months leading to its trial, which means XRP will likely trade for $0.451 by March 2024.

Learn more about BorroeFinance ($ROE)  by visiting BorroeFinance presale  or join their Telegram group.

The post Market shift: Investors pivot to BorroeFinance amid declining prices of Solana and XRP appeared first on Invezz

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