Ethereum layer-2 network Arbitrum (ARB) has overshadowed Polygon (MATIC) regarding trade volume, with the latter experiencing continued price decline in the last few days. At the same time, Borroe Finance ($ROE) keeps recording massive inflow of institutional and retail investors, each looking to capitalize on the growth of the DeFi coin price.
Which of these top altcoins has the potential to yield maximum returns? Let’s find out!
Arbitrum Beats Polygon In Trade Volume
L2BEAT, an on-chain analytic resource, has revealed a notable development on the Arbitrum network compared to Polygon. Per L2BEAT’s data on January 22, Arbitrum (ARB) overhauled Polygon (MATIC) regarding trading volume, becoming the top layer-2 network with the highest TVL. Arbitron (ARB) dominated the L2 market, holding the lion’s share of its Total Value Locked.
While Polygon accounted for only 1% of the L2 market’s TVL, amounting to $111 million, Arbitrum (ARB) controlled 50%, with more than $9.8 billion locked away. As for trade volume, Arbitrum (ARB) currently boasts $405 million in trading volume despite exceeding $1.8 billion twice in January. These figures show Arbitrum’s (ARB) growth compared to its rival Polygon since emanating on the crypto scene in 2023.
Meanwhile, ARB is 23.7%, dropping from $2.15 to $1.64 between January 17 and January 23. This ARB decline can be attributed to the bears staging massive sell-offs throughout the crypto market. However, experts claimed a retest of the $2.00 threshold is possible, indicating an anticipated 21.9% increase in the current market value of ARB.
Polygon Price Plummets Amid New Token Anticipation
As the altcoins market crater, Polygon (MATIC) has not been left out of the trend, recording a significant drop in market value. This decline comes amid the anticipation of a rebrand of Polygon’s native token. As such, investors are curious about MATIC’s momentum before POL’s launch.
POL, the new Polygon token replacing MATIC, is scheduled for release in the fourth quarter of 2024. Despite this anticipation, an overview of Polygon as of January 22 shows that MATIC is overwhelmed by pressure from sellers. Yet, experts are convinced that the correction is only momentary, as a recourse to the top is imminent.
As the chart shows, Polygon (MATIC) is down 14.2% from $0.84 on January 17 to $0.72 on January 23. While the sentiment on MATIC for the near term remains bearish, experts believe Polygon could rise in the coming months, especially after Bitcoin’s halving, an event expected to usher in the bull market fully. When this happens, Polygon (MATIC) will finally conquer resistance at $1.00, upping its price by 38.8%.
Investors Shift To Borroe Finance
Amid the descent of the crypto market, investors are jumping ship from established digital currencies such as ARB and MATIC to one of the new DeFi projects, $ROE. Borroe Finance’s $ROE presents an opportunity to maximize profit from its presale, with the asset selling at a relatively low price. Early birds have bagged notable gains, yet night owls may have a chance at scooping significant profits before $ROE’s DEX listing.
Every blockchain project with a compelling outlook, such as Borroe Finance ($ROE), offers more than an impressive price projection. In the case of Borroe Finance, the platform caters to the funding needs of businesses, creators, and different sets of individuals across the Web3 domain. Its capabilities enable these parties to enjoy unrestrained access to unlimited funds, depending on the value, usually future earnings, they have to offer in exchange.
Chartists believe Borroe Finance ($ROE) is destined for greatness based on its spread of relevant use cases to DeFi and Web3 users. Borroe Finance is in the fourth stage of its presale, with $ROE trading at $0.019. Its path from here points to a 110.5% uptick to $ROE’s final presale price of $0.040, making Borroe Finance one of the best altcoins to invest in for substantial returns.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
