After a bearish start, some tokens seem poised to rally in September. Solana ($SOL), for instance, is increasing its NFT offerings through various partnerships. Likewise, Arbitrum ($ARB) is generating attention for its competition with Base Network. Yet, the highest growth potential seems to lie with Borroe.Finance ($ROE), which has entered Stage 2 of its presale.
Analysts remain bullish on these three tokens. Let’s see why.
Borroe.Finance ($ROE): Community-Powered Lending Marketplace
Borroe.Finance ($ROE) is a Defi lending powerhouse that provides access to instant loans at low cost and high efficiency. The platform leverages communities to create a marketplace where users can get approved funding requests in 1 hour or less.
Borroe.Finance ($ROE) uses asset tokenization to smoothen the process of taking loans. Users collateralize their future earnings on Borroe.Finance’s marketplace, which are then used to take loans. Before taking loans, companies turn their future earnings into fractionalized NFTs.
Borroe.Finance ($ROE) gives out special rewards for belonging to its marketplace. Users get special discounts on funding requests.
Furthermore, Borroe.Finance gives out regular discounts on marketplace expenses. Also, special notifications inform users of the latest fundraising requests. Borroe.Finance also allows companies to use several crypto and fiat payment solutions.
Borroe.Finance just entered Stage 2 of its public presale, growing by 20% from its Stage 1 price of $0.0125. $ROE’s current price is $0.0150.
Remarkably, the platform has sold over half of its Stage 2 supply in less than 24 hours. But all is not lost. By the end of its presale, $ROE’s blockchain ICO would have grown by 166% to reach $0.0400. Don’t miss your chance and hop on the $ROE train while there’s still potential to gain.
Magic Eden Announces Support for Solana’s ($SOL) Compressed NFTs (cNFTs)
On September 16, 2023, Magic Eden NFT marketplace announced it would support Solana’s ($SOL) compressed NFTs.
Solana ($SOL) has been making waves after releasing compressed NFTs. The rising popularity of Solana’s Compressed NFTs is because their data is compressed and stored off-chain. This makes Solana’s ($SOL) cNFTs cheaper to mint and, thus, easier to produce in large quantities.
Magic Eden’s support for Solana NFTs is expected to help stabilize $SOL’s market performance. $SOL had fallen into a volatile run since the start of September. It was trading at $19.33 on September 1. By September 16, $SOL had fallen by 0.9% to $19.14 after Magic Eden’s announcement.
Solana ($SOL) is one of the most popular NFT networks, and it aims to increase its NFT offerings. With cNFTs, Solana hopes to increase NFT users on its platform. If that happens, Solana could become one of the top DeFi projects. This could push $SOL up by 22.1% to $23.37.
Base Network Surpasses Arbitrum ($ARB) in Daily Transactions
There has been fierce competition between layer two top altcoins in the past few months. This competition took a different dimension as Base network has recently surpassed Arbitrum ($ARB) and Optimism ($OP) in daily transactions.
On September 14, Base Network recorded 1.88 million transactions, while Arbitrum recorded 878,000 transactions. Arbitrum had already faced competition from Optimism earlier in the year. Arbitrum’s rivalry with Optimism peaked when the latter signed a partnership with Worldcoin.
$ARB’s market numbers have been more disappointing. $ARB was trading at $0.94 on August 30. $ARB then fell by 14.8% to $0.80 on September 14 as Base network surpassed Arbitrum in daily transactions.
Experts say Arbitrum will lose out on more network metrics to the Base network due to the latter’s popularity. If that happens, Arbitrum ($ARB) could lose a chunk of its users. In such a scenario, $ARB could fall by 5% to $0.76. If Arbitrum’s user count falls sharply, $ARB won’t be a good crypto to buy now.
Learn more about Borroe.Finance ($ROE) here:
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