With Solana (SOL) having already surged by 298% year-to-date (YTD), the seventh largest cryptocurrency has been riding on the cryptocurrency wave, with BorroeFinance ($ROE) and Aave (AAVE) following suit as top altcoins.
Safety is Top of Mind for BorroeFinance
As an innovative NFT-powered marketplace that is revamping Web3 financing, BorroeFinance is leaving no stone unturned with regard to safety as scams continue wreaking havoc in the crypto space.
As a result, BorroeFinance deploys AI-based risk assessment when undertaking revenue buying and selling on its platform. Furthermore, the network offers an open smart contract address that is accessible to the public, making it one of the best cryptos to invest in today.
BorroeFinance has even gone to the extent of undergoing rigorous scrutiny by BlockAudit, a leading audit firm, showing that security and safety are at the heart of the ecosystem.
Given that the funding headache continues to grapple various sectors, BorroeFinance is in high gear to eradicate this pain point in the Web3 sector by enabling participants to access instant cash required to propel their projects.
This is attained by BorroeFinance’s inventive platform that enables Web3 players to mint their future recurring income in the form of non-fungible tokens (NFTs), which are then traded on the marketplace for immediate cash, making it one of the altcoins to watch.
These out-of-the-box approaches adopted by BorroeFinance are making its presale to be a success because the network’s token called $ROE is hitting unprecedented heights.
For instance, more than 131 million $ROE tokens have been bought as more players join the BorroeFinance ecosystem. Therefore, this trend is making a strong case for $ROE being one of the top crypto to buy.
Therefore, $ROE is following in Solana’s footsteps of scaling heights in the crypto space, illustrating that it’s one of the best cryptos to buy now.
Institutional Investors Continue Trickling into the Solana Network amid AAVE’s Total Value Locked Skyrocketing
Solana continues to make airwaves in the crypto space based on its impressive YTD increase, which is edging closer to the 300% mark.
As of January 1, this year, SOL was trading at $9.96, but the price has skyrocketed to $39.66, according to CoinGecko.
This remarkable surge has been partly fueled by heightened institutional demand as revealed by CCData.
Notably, $140 million was pumped into Solana-based investments products in October 2023, representing a 74.1% increase.
Source:CCData
Therefore, SOL made an impressive run in October after recording a surge of more than 62% in October.
Leading market insight provider Santiment acknowledged, “Solana, which has now returned to the #7 spot on market cap rankings, has now seen its value rise +62% in a great month of October. Notably, nearly 2% of all discussions related to top 100 assets are related to SOL & rising volume would be bullish.”
Source: Santiment
A bullish picture is continuously being painted on the Solana network.
On the other hand, the Aave protocol is enjoying notable investments, given that it takes the lion’s share in terms of the total value locked (TVL) on the Polygon (MATIC) network, according to Ben GCrypto analysis.
Source: G.Crypto
A surge in the protocol’s TVL is bullish because it shows a positive network growth, and this has been instrumental in boosting investor confidence in AAVE.
Therefore, the market continues to show green for BorroeFinance ($ROE), Solana, and Aave.
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