XRP Takes the Top Spot as the Most Held Asset on Uphold; Whales are Buying This AI-Enabled Crypto
The post XRP Takes the Top Spot as the Most Held Asset on Uphold; Whales are Buying This AI-Enabled Crypto appeared first on Coinpedia Fintech News
With holding being a favored strategy in the crypto market, XRP takes the lion’s share as the asset being held the most on leading crypto trading platform Uphold. On the other hand, BorroeFinance ($ROE) continues to attract significant whale attention because it’s an AI-powered crypto that is changing odds in the Web3 ecosystem.
BorroeFinance’s NFT-Based Marketplace Continues to Tick
Given that the lack of automated process, high fees, and lengthy delays continue to grapple the traditional financing sector, BorroeFinance is transforming this sector based on the deployment of leading technologies, such as non-fungible tokens (NFTs), artificial intelligence (AI), and blockchain.
Specifically, BorroeFinance is streamlining Web3 funding through its peer-to-peer ecosystem that enables participants to get immediate funding by collateralizing their future earnings.
As one of the new DeFi projects with major prospects, the recurring incomes are converted to NFTs, which are sold off on BorroeFinance marketplace to willing buyers. In the process, Web3 content creators and businesses attain the much-needed capital to push their agendas forward.
With early adopters already bagging a 50% gain, BorroeFinance’s ongoing presale is the talk of the town, given that the network’s native token called $ROE is attracting incredible investments.
For instance, at least 154 million $ROE tokens have been bought, and in the process, more than $1.50 million raised. This shows that $ROE is materializing as one of the altcoins to watch based on BorroeFinance’s quest to break barriers in the Web3 space.
$ROE is presently retailing at $0.015 at Stage 2, making it a crypto for beginners on the foundation of its relatively fair price.
$ROE’s price was $0.01 at the Beta Stage, and the price increase can be attributed to heightened demand, with BorroeFinance edging closer to exiting Stage 2 because more than 93% of the tokens have been sold at this level.
Therefore, $ROE is making a name for itself as one of the top crypto coins that has a DeFi outlook in Web3 financing.
XRP is a Powerhouse on Uphold
Through its transparency portal, Uphold disclosed that the platform manages crypto assets worth $2 billion, with XRP commanding $1.25 billion.
Crypto lawyer John Deaton echoed these sentiments, and pointed out, “It bears mentioning that XRP makes up Uphold’s largest crypto holding, amounting to $1.25 billion worth of the token in customer funds. For context, customers only hold $168 million worth of Bitcoin (BTC) on Uphold.”
Therefore, this notable figure suggests that XRP makes up 62.5% of Uphold’s digital assets, implying a remarkable adoption rate.
Meanwhile, CryptoRank expects XRP to generate an average monthly return of 82.7% in December. XRP was trading at $0.59 at the time of writing, according to CoinGecko.
As one of the top 5 cryptocurrencies, it seems XRP will close the year on a high based on CryptoRank data.
Learn more about BorroeFinance ($ROE) here:
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Filed under: Bitcoin - @ November 26, 2023 5:03 pm