Day: December 9, 2023

Solana (SOL) holds firm as a new cryptocurrency is emerging as an analysts’ darling

Solana (SOL) registered impressive growth in the decentralized finance ecosystem, marked by increased total value locked and price. Despite this positive outlook, investors are attracted to one of the new DeFi projects, BorroeFinance ($ROE), as it promises substantial returns.

Let’s determine why investors consider BorroeFinance ($ROE) the best cryptocurrency.

Solana instigates DeFi growth: can it hit $70?

According to a recent report, Solana (SOL) observed a remarkable uptick in its total value locked, fueled by renewed interest in SOL. Per the report, Solana’s TVL grew 56% in the last month alone, which is attributable to the market-wide resurgence. Solana recorded approximately $650 million in locked funds from several decentralized finance applications.

The report came to light on December 5, showcasing growing confidence in Solana (SOL) among institutional investors. Solana attracts users with its unrivalled scalability prospects involving low transaction costs and faster processing time than its contemporaries. This capability is why Solana is popularly dubbed Ethereum Killer.

Additionally, the remarkable surge in Solana’s native token, SOL, underscores the network’s strength. SOL has experienced an extraordinary 500% surge since the beginning of the year, propelling it to the sixth position among cryptocurrencies with a market capitalization of $25.6 billion. 

Although trading slightly below its yearly peak of $67.63, analysts and market watchers express optimism, anticipating a potential breakout for SOL above $70.50 in the coming days.

Solana (SOL) increased 13.13% from $57.57 to $65.12 between November 27 and December 5. Reaching $70.00, as experts suggest, requires SOL staging a 7.5% surge in value. 

BorroeFinance: the emerging analysts’ choice

BorroeFinance ($ROE) is leading the charge in the crypto industry as a frontier marketplace for Web3 users. It is a platform where content creators in the Web3 domain are paid cash for their future earnings. This strategy was devised to reward creators for their contributions to the sector.

BorroeFinance ($ROE) also fronts in the area of fundraising. The platform fills in where traditional finance defaults, creating a seamless user financial experience. Businesses use BorroeFinance to mint outstanding invoices as non-fungible tokens to raise funds.

BorroeFinance features a native cryptocurrency, $ROE, a deflationary token developed on the Polygon blockchain. $ROE is undergoing its public presale, currently in the third stage, with the DeFi coin price at $0.0175. 

Due to its increasing adoption rate, $ROE has raised $1.8 million in this stage, an impressive milestone for a new project. In addition, early adopters of BorroeFinance will make 300% ROI at the end of $ROE’s presale. This outlook reveals why investors are admiring BorroeFinance ($ROE).

To learn more about BorroeFinance ($ROE), Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter

The post Solana (SOL) holds firm as a new cryptocurrency is emerging as an analysts’ darling appeared first on CoinJournal.

Is 2024 the year of Altcoins?

There is increasing speculation about the possible surge of altcoins, in 2024
A new altcoin, NuggetRush, is making waves for combining gaming and finance in a play-to-earn game.
 NuggetRush players mine gold, offering a unique crypto investment opportunity.

In the expanding world of cryptocurrencies, there is increasing speculation about the possible surge of alternative coins, also called altcoins, in 2024. Among them, NuggetRush (NUGX) has caught the attention of investors and enthusiasts. 

NuggetRush is a unique blend of gaming and financial technology. It goes beyond traditional boundaries to offer an exce­ptional experience. It provides an e­ngaging platform that rewards active participation. Its smart contract validation has been thoroughly audited by SolidProof, making it one of the best altcoins to buy in the crypto market.

Let’s explore NuggetRush, an altcoin poised for potential growth in 2024.

NuggetRush (NUGX) pioneering Play-to-Earn dynamics

NuggetRush, a captivating play-to-earn (P2E) game that immerses players in gold and mineral mining, is poised to be among the best altcoins to buy in 2024. The platform offers a unique entertainme­nt experience where players can create avatars and make money by setting up mining facilitie­s. They receive assistance from a team of mining expe­rts. This new DeFi cryptocurrency also gives players the tools to actively participate­ in the digital economy.

As a new DeFi crypto, NuggetRush wants to create a welcoming online community where players can enjoy Game­Fi together. They use the Ethereum blockchain to ensure that anyone can participate. This game is a special blend of strategy, thrill, and real rewards. The game characters in this project are not only entertaining to play with but also colle­ctible.

NUGX token holders earn rewards through different methods, including quests, ranked play, battles, tournaments, and additional avenues. NuggetRush has a community-building strategy that is both potentially lucrative and self-sustaining. It collaborates with gold merchants capable of directly delivering RUGM rewards to miners’ designated locations.

NuggetRush allows players to contribute to its development, making them game co-creators. Player feedback is actively sought and valued, ensuring that the game grows in a way that connects with the community. This approach builds a game that genuinely belongs to and is shaped by its players.

The platform has 500 million NUGX tokens in total. The proje­ct ensures community involveme­nt by reserving 43% of the toke­ns for public ownership. This demonstrates their commitment to fostering an engaged community. 

Currently, the project is conducting a presale consisting of five rounds. So far, they have sold over 75.4 million NUGX tokens. In the third round of the presale, the NUGX price­ is $0.013. By the fourth round, the price will have increased to $0.015. The presale has raised a significant amount of funds thanks to the enthusiasm of investors and the fact that there are no taxes on token transactions.

NUGX’s value is targeted to reach $0.02 by its launch on significant exchanges. Another benefit of investing now is that the earlier you purchase tokens, the earlier you can claim them. So, once the five presale rounds are complete, claims will be live on the website, with tokens distributed over five weeks according to the round purchased.

Final Thoughts

Crypto analysts are pre­dicting that 2024 could be the year of Nugge­tRush, a new altcoin in the crypto market. This cryptocurre­ncy combines play-to-earn gaming with financial technology, making it the best crypto investment for those looking to invest in the crypto world

As we approach 2024, investors seeking high-growth digital asse­ts can consider NuggetRush as a promising new De­Fi crypto. It offers unique features, impressive presale­ growth, and widespread adoption, creating an exciting opportunity. For more information about NuggetRush, visit the NuggetRush presale website

The post Is 2024 the year of Altcoins? appeared first on CoinJournal.

Shiba Memu (SHMU) set to benefit as the alt season takes shape

The recent Bitcoin price surge has helped spur a major altcoin boom. Bitcoin price jumped to over $44,000 this week for the first time since April 2022, giving it a market cap of over $800 billion. This rally raises the opportunity that Bitcoin could retest its all-time high of over $67,000 in the coming years.

Altcoin season is underway

Some analysts believe that Bitcoin will jump to over $100,000 in 2024 helped by the upcoming halving, potential interest rate cuts by the Federal Reserve and the approval of a spot Bitcoin ETF. 

Halving will happen in April 2024; in most cases, BTC tends to thrive ahead of that event. Meanwhile, most economists believe that the Federal Reserve will start cutting interest rates in the year’s first half. 

The futures market predicts that the Fed will cut rates by 0.25% in March 2024 and then deliver at least two more later in the year. Bitcoin and other cryptocurrencies thrive in a period of high-interest rates.

The other important catalyst is the ongoing review of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC). Most analysts believe that the agency will ultimately approve the product since companies like Blackrock and Invesco have fixed its concerns. 

Besides, these companies have a long track record of filing and managing ETFs. Blackrock has over $9.2 trillion in assets while Invesco has over $1.47 trillion. Franklin Templeton has more than $1.5 trillion in total assets. As such, these are some of the best experts on ETFs.

Therefore, all these factors will likely lead to more inflows in both Bitcoin and altcoins like Ethereum, Cardano, and Polygon. We have already seen the alt season continue as most tokens like Solana, Bonk, Shiba Inu and Marinade Finance surged.

Shiba Memu to benefit in this rally

A key theme we have seen recently is the surge of key meme coins like Milady Meme Coin (LADYS), Bonk, and Pepe. These tokens are now worth millions of dollars and have made several millionaires along the way. Bonk is valued at over $600 million while Pepe is worth more than $500 million.

All this means that there is a room for more meme coins in the market. Shiba Memu is showing this as the developers have already raised over $4.7 million from investors, signaling that there is a demand for the token. 

Shiba Memu is an upcoming crypto token that is at the intersection of meme coins and artificial intelligence, a technology that has become popular this year. It aims to grow by using AI to self-market itself.

Shiba Memu’s token will next be listed in key exchanges after the presale period ends. Most analysts believe that the price will jump sharply after that if the altcoin season accelerates. You can buy the Shiba Memu token here.

The post Shiba Memu (SHMU) set to benefit as the alt season takes shape appeared first on CoinJournal.

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