Solana (SOL) was quiet for most of 2023, and investors avoided the token due to FTX’s saga in November 2022. However, SOL came alive in late 2023 and recorded a massive triple-digit price surge between October and December. Similarly, a new crypto token, Borroe Finance ($ROE), plans to deliver massive ROI to early investors in 2024. Keep reading to see expert forecasts and opinions on these two tokens.
SOL Comes Alive in 2023’s 11th Hour; Experts Make Predictions for 2024
Towards the end of 2022, investors lost confidence in Solana due to the collapse of FTX and Alameda Research. FTX was one of the world’s best cryptocurrency exchanges at the time, and most of their crypto savings were in Solana. As a result, SOL hovered around $15.00 and $25.00 for most of 2023 before pulling a dramatic comeback in Q3 2024. Besides a massive SOL price surge, Solana also recorded other victories in the last quarter of the year.
According to data from DeFiLlama, Solana’s decentralized exchange volume crossed Ethereum’s for the first time in December. DeFiLlama revealed that Solana’s DEX volume stood at $1.536 billion on December 16, while Ethereum’s DEX volume stood at $1.164 billion. Solana also surpassed Ethereum in NFT sales in Q4 2023. According to experts, these victories are proof of Solana’s resilience and high-level utility to the crypto industry.
SOL recorded a massive 253.6% surge in Q4 2023 and cemented its comeback as one of the best altcoins in the industry. On October 1, Solana traded at $21.39. A few weeks later, SOL climbed and eventually traded for $75.64 on December 9. Foremost crypto experts like Ali, Deftsuo, and Crypto King predict that SOL will hit $100 in Q1 2024, provided market makers don’t upset the current market trend.
Borroe Finance Storms the Web3 Industry with A New Solution to Short-term Liquidity Problems
When FTX collapsed in November 2022, many institutional investors were affected, and some said goodbye to the crypto industry permanently. For context, rug pulls, cyberattacks, exploits, and frequent liquidation are why Wall Street is reluctant to invest in DeFi companies. Luckily, Borroe Finance ($ROE) has created a way for web3 businesses to raise instant cash directly from their audience without hassle.
Borroe Finance is an AI-powered fundraising platform that allows web3 participants to mint their future income into NFTs and sell them to supportive communities at discounted prices. To ensure the safety of users on the platform, Borroe Finance had BlockAudit test and verify the platform’s safety. Additionally, Borroe Finance released its smart contract address to the public to promote transparency and foster public trust.
Currently, $ROE is in its third presale stage, and the token is selling for $0.0175. After all presale stages conclude, $ROE will hit the mainstream crypto market and sell for $0.04. Analysts say early $ROE investors will enjoy a 128.6% ROI when this price movement plays out. Furthermore, experts have predicted a speedy market adoption for $ROE, meaning the token may likely trade for $0.175 in 2024.
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