Even though Solana (SOL) is one of the best altcoins in the industry, the token has faced significant challenges in the past two years. Thankfully, SOL recovered, and analysts believe the token will break through the $150 milestone in 2024. Also, a new crypto token called Borroe Finance ($ROE) has grown popular among investors due to its decentralized web3 fundraising utility. Keep reading to see what experts think about these tokens.
SOL Positions for Massive Bull Run in 2024
The last two years have been a rollercoaster for Solana investors. After the crypto market entered bear season in 2022, the management failures of top DeFi companies became evident, and some eventually closed shop. Out of all these defunct companies, FTX and Alameda Research had the largest impact on Solana. These companies had extensive Solana holdings, and their liquidations significantly reduced investor confidence in Solana.
As a result of FTX’s liquidation, SOL traded for $9.56 on December 31, 2022. Subsequently, Solana struggled to regain investors’ trust in 2023 until August. After a US court permitted FTX to sell its Solana holdings to offset debt, institutional investors returned to the Solana ecosystem. In addition, more crypto traders invested in Solana-based meme coins in Q4 2023, triggering a massive bull run for SOL.
SOL moved from $25.00 in October 2023 to $120 in December, delivering a massive 380% ROI to patient investors. Currently, SOL is trading for $113 on February 13, and some crypto experts believe the token will record another bull run in the coming weeks. The upcoming Bitcoin halving in April promises to serve as a bullish catalyst for top altcoins, and experts have predicted that SOL will likely hit $150 in Q2 2024 for the first time in over two years.
Investors Accumulate Over $2.8 Million Worth of $ROE Tokens
One of the best ways to identify new DeFi projects with high potential is by observing their early ecosystem successes and studying their on-chain utility. Historically, crypto projects that fall into this category usually become significant players in the blockchain industry, and experts believe that Borroe Finance is on that same path. Already, investors have raised $2.81 million for Borroe Finance in less than four presale stages.
Borroe Finance is the world’s first web3 blockchain invoice discounting NFT marketplace. As a fully decentralized AI-powered fundraising platform, Borroe Finance allows web3 businesses to access flash loans by minting future earnings into NFTs and selling them at discounted prices. Aside from instant short-term funding, Borroe Finance users enjoy low transaction fees, high scalability, total cost transparency, anonymity, etc.
$ROE’s fourth presale stage is over 87% complete, and investors are rushing to buy the token at $0.019. According to crypto analysts, all presale stages will conclude later this year, and the token will surge to $0.040. As a result of this bullish price movement, $ROE will deliver a massive 110.5% ROI to early Borroe Finance investors.
Learn more about Borroe Finance here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
