If you are looking for the best crypto investments in Q2 2024, focus on Ethena (ENA), Uniswap (UNI) and Borroe Finance ($ROE). ENA and UNI both recorded a double-digit price surge in the third week of May while $ROE successfully concluded its presale and launched. Keep reading to see what experts think about these tokens.
Investors Predict $ROE Will Deliver 50X ROI Before December
The best way to vet new DeFi projects is by assessing their market offer and success in its early stages. Thankfully, a versatile project like Borroe Finance ticked all the right boxes. Borroe Finance is an AI-powered fundraising marketplace that will allow web3 businesses to raise quick money by selling their future earnings at a discount. Luckily, Borroe Finance’s fundraising process is protected by AI risk assessment and blockchain technology.
As for early-stage successes, $ROE exceeded expectations and recently launched at $0.025. As the utility token for Borroe Finance, $ROE is likely to get massive attention when web3 businesses and lenders start using the platform. As a result, analysts say demand for $ROE will spike and the token may trade at $1.250 before the end of the year. If this prediction plays out, early $ROE investors will get a 50X ROI on their initial investments.
ENA Surges Amid Ecosystem Progress
On May 24, Guy Young (Founder of Ethena Labs) revealed that Ethena Labs added $450 million USDe supply in just 16 days. According to crypto news, this metric came days after the Ethena founder sat with Min Teo (managing partner of Ethereal Ventures) for a fireside chat on May 22. The two blockchain experts spoke on Ethena and its unique approach to creating a robust stablecoin protocol for the web3 industry.
Thanks to a recovering crypto market, ENA recorded a double-digit price increase in the third week of May. On May 18, ENA traded for $0.7584. A week later, ENA gained 22.80% and sold for $0.9192. According to crypto analysts, Ethena’s success in the stablecoin niche will bring more investors into its ecosystem and ENA will likely remain bullish as a result. ENA will likely trade above $1 before the end of Q4 2024.
Uniswap Labs Records YoY L2 Volume Increase
On May 25, Uniswap Labs revealed that it recorded a massive trading volume increase on the Layer-2 chains hosted on the platform. According to Uniswap, Monthly L2 Volume doubled in the last 12 months. In May 2023, the volume stood at $8.9 billion. This year, that figure increased to $20.73. According to experts, this surge occurred as a result of popular community-driven meme coins like BONK and WIF coming into the crypto industry.
As a result of Uniswap’s favorable ecosystem development, UNI recorded a major price surge in late May. On May 21, UNI traded at $7.75. Seven days later, UNI gained 35.29% and sold for $10.96. According to analysts, demand for UNI occurred after investors sought out the DEX (decentralized exchange) during the meme coin boom in Q3 2023. If this trend continues, we can expect UNI to trade for $15.50 before the end of the year.
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