In the past few weeks, whales and retail crypto traders liquidated investment positions in top meme coins like Dogecoin (DOGE) and SHIB. Similarly, these investors divested away from Avalanche (AVAX) even though it recorded significant ecosystem progress. Currently, investors are backing a hot new token called Borroe Finance ($ROE). Keep reading to see what experts think about these tokens.
$ROE Records New Market Milestone as Fourth Presale Stage Comes to a Close
Borroe Finance ($ROE) is the world’s first web3 blockchain invoice discounting NFT marketplace. According to experts, this AI-powered decentralized fundraising platform allows web3 businesses to mint future earnings into popular NFTs and sell them at discounted prices to supportive communities. When investors heard of Borroe Finance in the second half of 2023, they raised over $2.7 million for the platform in less than seven months.
Currently, $ROE’s fourth presale stage is 85% complete, and investors are buying the token for $0.019. After all presale stages conclude, $ROE will hit the mainstream crypto market and sell for $0.040. According to crypto analysts, this bullish $ROE price movement will lead to a massive 110.5% ROI for early investors. Furthermore, experts predict $ROE will surge like hype-driven coin offerings later this year, thanks to speedy market adoption.
Whale Activity Triggers Bearish DOGE Price Movement
On January 23, Whale Alert (one of the world’s best cryptocurrency analytics platforms) reported that a Dogecoin whale transferred 103,293,021 DOGE tokens (approximately $7.9 million) from an unknown wallet to Robinhood. According to crypto experts, the Dogecoin whale probably dumped his tokens on this exchange, which triggered a bearish price movement for Dogecoin in late January.
Due to this Dogecoin whale activity, DOGE lost 4.85% in the fourth week of January. On January 20, DOGE traded at $0.08116. A few days later, DOGE fell and traded for $0.08023 on January 27. According to Blockchain Explorer, most crypto whales are selling off community-driven meme coins like DOGE and Shiba Inu in early 2024. Therefore, DOGE will likely sustain its bearish price movement and trade for $0.07180 in the next few weeks.
VRYX: Road to 100,000 TPS for Avalanche Blockchain
Ava Labs (the organization behind the Avalanche blockchain) recently announced that it will soon launch a massive Avalanche scaling solution called VRYX. According to crypto experts, VRYX will increase Avalanche’s efficiency and speed. In addition, Ava Labs revealed that the implementation of VRYX will first happen on the HyperSDK Testnet, and the Avalanche bridge will eventually process more than 100,000 transactions per second (TPS).
Despite this positive ecosystem development, AVAX recorded a range of price movements in the fourth week of January. On January 20, AVAX traded at $32.70. A week later, AVAX gained a minor 0.56% and traded at $32.98. According to crypto experts, AVAX will likely range between $30.00 and $35.00 in Q1 2024 due to the exit of whales from the crypto market.
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