Bearish BTC & ETH? Why Borroe, Not Hedera, is the Smart Move Right Now

The crypto market is trying to pick up the pieces after losing $1 billion in liquidations since August 17. Bitcoin (BTC) and Ethereum (ETH) hope recent developments, especially around ETF approvals, can inspire a rally.

Meanwhile, Hedera’s (HBAR) recent network growth is impressive, but analysts doubt it will be enough to protect it from the current bearish climate. As it seems, only a few tokens have the potential for high returns. Borroe’s ($ROE) projected 300% increase makes it one of such tokens.

But can Borroe ($ROE) surpass BTC, ETH, and HBAR to become one of the best crypto coins? Let’s see what investors think.

BUY $ROE TOKENS NOW

Bitcoin (BTC) Emerges as the Biggest Loser from the August 17 Market Debacles

On August 17, the crypto market crashed, triggering a wave of liquidations that surpassed $1 billion – the single largest liquidation in the past eight months.

Between August 17 and August 18, Bitcoin’s (BTC) trading positions recorded nearly $500 million worth of liquidations. Bitcoin (BTC) is the poster child of the crypto industry, so any major market movements usually reflect Bitcoin’s (BTC) price.

As expected, Bitcoin’s (BTC) drop was as sharp as that of the crypto market. On August 14, Bitcoin (BTC) was trading at $29,620. Three days later, Bitcoin (BTC) fell by 11.3% to $26,263 as the wave of liquidations spread through the market.

However, experts say Bitcoin (BTC) could rise by 10.9% to $28,799 when the crypto market recovers.

Ethereum (ETH) Futures Excitement Marred by Market Woes

Bloomberg released a report on August 18, saying the SEC was close to approving Ethereum (ETH) Futures ETFs. The crypto community was expectedly jubilant as the move signaled the government’s changing stance on cryptocurrencies.

Ethereum (ETH) holders were particularly happy as there were suggestions that such approvals could lead to a new all-time high for Ethereum (ETH).

Unfortunately, this excitement couldn’t translate to much price action because the crypto market had crashed a day earlier, liquidating a chunk of Ethereum (ETH) trading positions.

Ethereum (ETH) is in a bear market. It was trading at $1,827 on August 16. By August 18, when the reports of the Ethereum (ETH) Futures ETFs were released, the market crash had already tanked Ethereum’s (ETH) price by 8.1% to $1,679.

However, the excitement around Ethereum (ETH) Futures ETFs could lead it to rise by 8.9% to $1,794, making it one of the top DeFi projects for 2023 and beyond.

Hedera (HBAR) Defies Expectations to Surpass $35 Milion TVL

Hedera’s (HBAR) Total Value Locked (TVL) rose to $36.2 million on August 20, 2023. Its all-time transaction count also surpassed $18 billion. Hedera’s (HBAR) user adoption seems to be on the rise with its growing metrics.

Hedera’s (HBAR) price also rose in tandem with its network metrics. Interestingly, Hedera (HBAR) is one of the few tokens that have remained on a bullish rise since the crypto bloodbath of August 17.

HBAR was trading at $0.052 on August 5. As its network activity rose, its price followed, rising by 40.3% to $0.073 on August 15. Then, the market crash of August 17 drove Hedera (HBAR) by 26.0% to $0.054.

With its current bullish momentum, Hedera (HBAR) could rise by 10.1% to $0.065 when the crypto market recovers from its current bear sentiment.

As a result, Hedera (HBAR) is expected to emerge as one of the top 5 cryptocurrencies of 2023. Yet, it’s not even near Borroe’s ($ROE) growth potential.

Borroe ($ROE) Finance: Invoice-Backed Loans for the Web3 Industry

As technology and finance evolve, there is a need for short-term capital markets for emerging industries like blockchain and the Web3 industry.

Borroe ($ROE) Finance is a solution designed to meet the needs of Web3 businesses and service providers in today’s business climate.

Through innovative strategies and tools, Borroe ($ROE) provides a marketplace where funds needed for business operations can be raised instantly.

Thanks to blockchain technology, Borroe ($ROE) offers wider access and incredible speed, thus easing the business process for many companies.

Borroe’s ($ROE) marketplace uses artificial intelligence to accurately measure credit rating and risk factors associated with borrowers.

Via its clear framework, users can easily take loans based on custom terms that work for their businesses.

Buyers on Borroe’s ($ROE) marketplace enjoy attractive discounts on fundraising requests and transaction fees. They also get special recognition for their marketplace activity.

Meanwhile, sellers who make fundraising requests are free to offer discounts and other custom rewards to attract buyers. They also enjoy instant funding once their loan requests are approved.

Borroe ($ROE) is still in Stage 1 of its public presale, selling at $0.0125. It has already increased by 25% from its Beta Stage price of $0.010.

However, investors can still capitalize on the Borroe ($ROE) opportunity as it’s expected to rise to $0.040 at the end of its presale – a 300% surge from its initial price.

Learn more about Borroe ($ROE) here:

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• Source: https://insidebitcoins.com/news/bearish-btc-eth-why-borroe-not-hedera-is-the-smart-move-right-now