Cardano Price Prediction: ADA Bearish While $ROE Passes $1.25M Raised
The crypto market is known for its high volatility with different tokens having ups and downs due to the market sentiment. In this ever-changing play of events, we’ll be exploring two different narratives. On one side of the table, BorroeFinance ($ROE) presale is booming, and Cardano, considered the ‘’ Ethereum Killer’’, is facing significant bearish pressure.
Cardano (ADA) Affected By Bearish Downturn
Cardano has failed to make a significant rally in recent weeks despite a major market development that occurred, led by news of a potential Bitcoin ETF approval by the SEC. Though the news turned out to be false, the momentum was enough to push most top crypto coins in the green.
However, Cardano was one of the few tokens that didn’t record a significant upswing in its price. This was surprising as ADA had shown signs of life in Q2 following the slow start to the year and had generated expectations that it could hit the $1 mark before the end of the year.
As one of the oldest smart contract blockchains, Cardano has seen increased dApp development, and new projects have thronged to its ecosystem in the past year. This is evident in its position as the eighth largest coin based on market cap, but it is yet to reflect in a major price movement for its token ADA.
A look at the price history of Cardano shows that the market dynamics are bearish both short term and long term, and it would take a significant development for the altcoin to experience a significant price uptrend.
In addition, the buy/sell trend indicates sellers have maintained dominance in the Cardano market in recent months, and fewer investors are accumulating ADA due to the market uncertainty facing the token.
Crypto investors and traders looking for the best crypto investment can look towards BorroeFinance ($ROE), a top altcoin that has emerged in recent weeks.
BorroeFinance Presale Is Gaining Momentum
BorroeFinance ($ROE) is a crowdfunding ecosystem built on the Polygon blockchain and has captured the crypto community’s attention. Currently in its presale phase, the project intends to simplify how individuals and businesses raise money by enabling them to sell future earnings as NFTs, thus providing instant financial remuneration without going through complex finance procedures.
This unique selling point works for the project, which sold out the stage one phase of its presale in record time. Currently, in its stage two phase, BorroeFinance has raised more than $1.2 million and is getting closer to the end of this phase.
BorroeFinance has been highly successful due to its convenient payment system, allowing users to pay with ETH, BNB, USDT, USDC and even traditional cards. This wide range of options caters for investors from all crypto communities around the world! Industry professionals have further aided adoption rates through institutional investments in their pre-sale event that keeps growing daily.
In conclusion, Cardano is still a viable investment option despite current bearish market conditions – however, those looking for higher returns should also consider BorroeFinance, especially early adopters who could be rewarded substantially in the future given its unique features & flourishing ecosystem!
Learn more about BorroeFinance ($ROE) here:
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Filed under: Bitcoin - @ October 29, 2023 3:01 pm