January sets the pace for the rest of the year, and crypto investors know this too well. While most altcoins recorded double-digit losses in early January, Binance Coin (BNB) and Stellar (XLM) only recorded single losses, making them the best cryptos to buy. On the other hand, Borroe Finance ($ROE) moved closer to its fourth presale stage and raised over $2.4 million. Keep reading to see expert opinions and forecasts on these tokens.
Stellar Network Validators Prepare for January 30
On December 19, the Stellar Network Foundation announced that all technical arrangements had been implemented for the Protocol 20 upgrade. For context, the Protocol 20 upgrade is a Stellar network mainnet upgrade that will introduce support for the Soroban smart contracts and significantly boost Stellar’s capacity. Consequently, Stellar network validators have agreed to vote for or against Protocol 20 on January 30.
Stellar investors are unsure how this vote will go, and most of them sold their XLM tokens in early January. On January 1, XLM traded at $0.1311. Seven days later, XLM lost 8.57% and sold for $0.1199. According to analysts, XLM will likely record a massive price surge if Stellar network validators vote in favor of the Protocol 20 upgrade. If this happens, we can expect XLM to trade for $0.1650 by February.
Investors Make Last-Minute Rush for $ROE as Third Presale Stage Closes
Starting 2024 on a positive note as a beginner cryptocurrency investor will give you the confidence to ride through the year. As such, you need to invest in tokens like Borroe Finance ($ROE). Borroe Finance is an AI-powered fundraising marketplace built to allow web3 businesses to raise instant cash by minting their future earnings into NFTs and selling them at discounted prices to supportive communities.
Right now, $ROE is selling for $0.0175 at its third presale stage, and that stage is 97.75% complete. After all presale stages conclude, $ROE will hit the mainstream crypto market and trade for $0.0400. According to analysts, $ROE’s bullish price movement will deliver a massive 128.6% ROI to early investors, and savvy investors are rushing to hop on the Borroe Finance train before this third presale stage ends.
Binance Coin Records Surge in User Activity
In December 2023, Binance Coin surpassed all other top altcoins (including Ethereum) thanks to increased network and user activity. According to leading crypto analytics firm DappRadar, all Dapps listed on the BNB chain recorded 4.18 million active wallets, making at least one transaction between December and early January. Furthermore, the number of transactions recorded during this period stood at approximately 22 million.
However, Binance Coin went bearish in early January despite this ecosystem expansion. On January 1, BNB traded at $321. A week later, BNB lost 4.20% and traded for $307 on January 7. According to analysts, Binance Coin will likely welcome a new batch of BNB investors in Q1 2024 due to increased on-chain activity and an upcoming BTC halving. As a result, experts are predicting that Binance Coin will trade for $350 by March 2024.
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