Ethereum (ETH) encountered rejection a few days ago due to bulls liquidating a substantial portion of their positions. Meanwhile, Borroe Finance ($ROE), one of the new DeFi projects, entered the fourth stage of its presale, accompanied by an upward price movement.
Let’s find out all there is to know about these top altcoins.
Ethereum Bulls Liquidated $3.5 Million In Long Positions
On January 4, Coinglass, an on-chain activity tracker, reported an ongoing trend in the Ethereum (ETH) market. Per the report, Ethereum (ETH) bulls had begun taking profit from their trades after the price encountered a slight pushback. This action led to liquidating $3.5 million in longs in the Ethereum (ETH) futures market.
Beforehand, leading market intelligence platform Santiment noted that Ethereum (ETH) had reclaimed the $2,250 price range after trading beneath this level for 18 months. Touching this price zone spurred a rapid increase in open interest and long positions. Santiment stated that traders were overwhelmed by FOMO (Fear of Missing Out), and, as such, started opening long positions.
However, the intelligence platform warned that a correction is underway despite the possibility of a future rally. Santiment believed that traders participating in leveraged trades fueled by greed will result in increased volatility in the market and, eventually, a correction. Notwithstanding the decrease, Ethereum (ETH) has staged a comeback following the US SEC’s approval of all spot Bitcoin ETFs on January 10.
Ethereum (ETH) rose 20.3% from $2,209 on January 4 to $2,658 on January 11. Considering the latest development, experts have shared their prediction of ETH for the coming days. They expect Ethereum (ETH) to hit $3,000 in the days ahead, indicating a 12.8% increase in the leading altcoin price.
Borroe Finance Enters Stage 4 Of Its Presale
Borroe Finance ($ROE) has advanced to the next stage of its public presale – Stage 4. Before entering this stage, $ROE witnessed a notable price increase from the previous stage to the current. Simultaneously, Borroe Finance ($ROE) achieved a landmark funding record, securing $2.5 million.
This report indicates a growing interest in the Borroe Finance ($ROE) ecosystem. But, then, what is attracting market players to Borroe Finance ($ROE)? First, its fusion of blockchain technology and artificial intelligence to foster an efficient payment system and bolster user security makes it an appealing innovation.
Second, Borroe Finance offers services that distinguish it from other dApps and blockchain projects. It solves the funding needs of web3 users by providing an avenue to generate funds via minting future earnings as NFTs. These NFTs are traded on the Borroe Finance marketplace at subsidized prices.
Having entered the fourth stage of its presale, Borroe Finance ($ROE) now trades at $0.019 per token. From here, users stand to realize 110.5% ROI when Borroe Finance ($ROE) reaches its final presale price of $0.040. Based on this projection, Borroe Finance ($ROE) is the best crypto to invest in for significant returns.
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