As we head into the final quarter of 2023, investors seek the top altcoins for next year. Polygon’s zkEVM upgrade makes $MATIC a favored token. Likewise, Tron ($TRX) will soon get a $1 billion liquidity boost, so analysts expect a rise in its trading activity. Yet, Borroe.Finance ($ROE), a presale token, is a favorite among investors. Many say its 166.6% ROI potential is its most attractive feature. But is it sufficient to take it to the top?
Out of the above, which token will be a good crypto to buy now? Let’s discuss.
Polygon ($MATIC) Launches zkEVM Upgrade on Mainnet
On September 20, Polygon ($MATIC) announced that the first major upgrades to its zkEVM had gone live on its mainnet.
The Polygon zkEVM would increase transaction throughput while cutting costs thanks to its validity proofs. As a result, the upgrade is expected to boost Polygon’s ($MATIC) network adoption in the current bear climate.
Like many of the best DeFi coins, Polygon ($MATIC) became very volatile after the market crash of early September. $MATIC was trading at $0.54 on September 1. A day after releasing its zkEVM upgrades, $MATIC fell by 3.7% to $0.52 on September 20.
The DragonFruit upgrade, as it’s called, would ensure seamless compatibility with developer tools, wallets, and existing smart contracts on Polygon. DeFi activity is already high on Polygon ($MATIC).
However, experts agree that Polygon’s zkEVM could boost DeFi activity thanks to its bridge to Ethereum’s services. If demand for Polygon’s zkEVM rises, $MATIC could rise by 15.3% to $0.60.
Borroe.Finance: Attracting Crypto Whales with 166.6% ROI
The crypto market is filled with excitement over the high ROI potential of Borroe.Finance ($ROE) – a Polygon-based DeFi fundraising platform. Borroe.Finance helps businesses convert their earnings into loan-taking opportunities. It offers an invoice trading marketplace that builds on community lending.
Users sell off their future earnings in exchange for secure loans generated from Borroe.Finance’s community. Collateralization of future earnings is done using fractionalized NFTs.
Once complete, companies auction off their NFTs at eye-catching discounts. Borroe.Finance’s marketplace provides wide visibility to these fractionalized NFTs, which results in quick loan approvals. The platform typically approves loans within 1-hour or less.
Borroe.Finance ensures instant payments for loan taking and repayments. Furthermore, it rewards users for participating in its marketplace activities. Users get rewarded for buying, selling, and even voting on proposals.
Furthermore, users receive special discounts on marketplace expenses.
Borroe.Finance has captured much whale attention, especially as it entered Stage 2 of its presale. Only 24 hours after crossing into Stage 2, $ROE has sold 58% of its Stage 2 tokens. This means $ROE would be entering Stage 3 of its presale soon.
$ROE’s current price is $0.0150. Yet, whales are eyeing the next price of $0.020 in Stage 3 and the end of $ROE’s presale, when $ROE rises by 166.6% to reach $0.0400.
Tron ($TRX) Gets $1 Billion USDT Liquidity Boost From Tether
On September 20, 2023, a senior Tether official revealed that $1 billion had been allocated to the Tron network. The money is meant to help Tron replenish its liquidity. The move signifies Tron’s ($TRX) growing participation in the DeFi industry.
In May 2023, Cointelegraph reported that over 60% of USDT tokens were issued on Tron ($TRX).
The allocation of $1 billion to Tron’s liquidity comes amid $TRX’s sharp rise through a bear market. $TRX was trading at $0.076 on September 1 after the market slump. On September 20, $TRX had risen by 7.8% to $0.084 after Tether’s $1 billion allocation was revealed.
Tron has consistently sought ways to increase its market share in the DeFi industry. On August 22, Tron purchased $2 million worth of $CRV following a partnership with Curve Finance.
Analysts agree that $TRX could reach new heights if Tron’s DeFi partnerships keep rising. These analysts conclude that $TRX could jump by 32.9% to $0.109 if Tron’s DeFi activities rise further.
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