Altcoins
XRP nears 2021 highs as AI’s new altcoin aims for top market spot
Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.
Amid increased whale activity that could drive XRP towards its 2021 highs, Borroe Finance is emerging as a notable AI-powered altcoin aiming to enrich Web3 revenue funding.
Increased whale activity lit the fire for XRP to hit its 2021 highs as the eighth-largest cryptocurrency based on market value neared the psychological price of $2.00 at the time.
On the other hand, Borrow Finance (ROE) presents itself as a leading AI altcoin that intends to steal the limelight in the Web3 industry with its discounted AI-powered NFT marketplace.
Borroe Finance leverages key technologies
As Loan financing gears up to become a leading crypto leader, the network posts remarkable pre-sale story thanks to increased investor adoption.
For example, Borroe Finance has raised at least $3.97 million at the pre-sale level as retail and institutional investors embraced it with both hands, making it one of the top challenge projects.
Additionally, Borroe Finance’s governance token called ROE has become the talk of the cryptocurrency town thanks to its notable HODL trend. For example, over 298 million ROE tokens have been purchased, making it a good crypto to buy.
ROE is also among the deflationary coins in the crypto space thanks to the token burning strategies incorporated. Additionally, the network deploys cutting-edge technologies such as artificial intelligence (AI), smart contracts, blockchain, and non-fungible tokens (NFTs) on its revolutionary peer-to-peer (P2P) marketplace.
Borroe Finance is powered by the Polygon blockchain, which ensures transactions are fast, efficient and transparent. Additionally, AI powers risk assessment, ensuring that fraud and scams are a thing of the past in the Borroe Finance ecosystem.
After an in-depth review by leading auditing firm BlockAudit, Borroe Finance smart contracts received a good review, echoing its commitment to transparency.
How Borroe Finance Plays the Web3 Revenue Finance Game
Since traditional platforms have significantly undermined Web3 revenue funding due to rigid, bureaucratic and time-consuming processes, Borroe Finance eliminates this problem with its unique marketplace.
Specifically, Web3 players have the opportunity to raise instant working capital by selling discounted NFTs on the Borroe Finance marketplace. These discounted NFTs are typically generated from web3 participants’ future earnings, demonstrating Borroe Finance’s intention to lower the barrier to entry in this industry.
XRP could see notable bullish momentum
Given that XRP is continuously stagnating in the $0.50-$0.60 zone, questions arise as to whether this altcoin will reach 2021 highs.
XRP was hovering around the $0.53 area at the time of writing, according to CoinGecko data. The cryptocurrency reached a 2021 high of $1.98 on a remarkable bull run, with its all-time high price (ATH) being $3.40 recorded in January 2018.
Nonetheless, all hope is not lost for XRP to reach such highs as whales have gone on a buying spree.
Ali Martinez, renowned market analyst underlines, “XRP rose from $0.62 to $0.41, and crypto whales took note. They purchased over 31 million XRP last week.
Source: Santiment
This is a welcome move for XRP as increasing buying pressure could push the price towards the psychological threshold of $1.00.
Therefore, XRP remains one of the top altcoins to closely monitor the bullish developments taking place, just months after being labeled a non-security asset by a US court.
To find out more about Borroe Finance, visit the Borroe Finance presale, join the Telegram groupOr follow Borroe Finance on Twitter.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.