Crypto is on a tear, and the community is confident, expecting even more gains in the months ahead.
The anticipation of the United States Securities and Exchange Commission (SEC) approving the first batch of spot Bitcoin ETFs may be a source of optimism. Notably, the surge in Bitcoin prices is sparking interest, lifting other altcoins.
Amid this expansion, BorroeFinance (ROE), a crypto project aiming to launch an artificial intelligence (AI)-guided funding marketplace for web3 participants, including excluded content creators and businesses, has already raised over $1.8 million in the ongoing presale.
Still, BorroeFinance is being developed, and the crypto future, considering its level of volatility, is uncertain. This article examines why Avalanche and XRP could face stiff competition for investor capital once BorroeFinance launches and ROE, its native token, is listed on multiple exchanges.
Exploring BorroeFinance: Can It Compete?
BorroeFinance aims to ride on the crypto and AI wave while providing an alternative to investors looking for potential projects.
Thus far, the ongoing BorroeFinance presale has seen over 171.73 million ROE sold, helping raise over $1.8 million. Since the crowdfunding event is in progress and crypto markets may rally into 2024.
Though with ambitious plans, the absence of immediate cash flow continues to deter many creators, businesses, and entrepreneurs. Due to this, they can sometimes have to wait for months to receive payment for their work.
BorroeFinance solves this problem by allowing users to sell their future earnings in exchange for instant liquidity. There is an internal marketplace where all future earnings from invoices or subscriptions are converted to NFTs and sold for cash flow.
The protocol integrates AI for risk assessment–creating a rating score-ensuring that each transaction presents a win-win situation and the best possible terms for the creator and the NFT purchaser.
With enough capital and cash flow unlocked, web3 businesses are buoyed, and growth will likely be accelerated, which can help open doors for more innovation. As BorroeFinance finds adoption, ROE will likely grow in sync, competing with AVAX and XRP.
Looking at XRP and AVAX: Road Ahead?
AVAX and XRP are popular crypto assets with billions in market cap. AVAX and XRP, however, have faced regulatory headwinds. Moreover, the risk of tough competitors as crypto evolves can limit the upsides.
As a highlight, the SEC previously cited AVAX as an example of an unregistered security. The agency also sued XRP in the past before clarity was found in mid-2023. These events significantly impacted XRP and AVAX’s valuation. At spot rates, these coins have not fully recovered and are still over 80% away from their all-time highs.
The only edge AVAX and XRP have over ROE is their valuation. However, as mentioned, this means they are less volatile, and their growth potential is limited due to this high level of liquidity. ROE is at $1.8 million when writing, and there can be more room for growth. This will be the case, mainly if the team proceeds with their roadmap, launching a secure solution.
Conclusion
AVAX and XRP are established projects, but they can underperform tokens of newly released platforms due to their high liquidity. In mid-December, BorroeFinance has raised over $1.8 million, and supporters are upbeat, expecting ROE to edge higher once it is listed on multiple exchanges in 2024.
Learn more about BorroeFinance (ROE) here: BorroeFinance Presale | The Telegram Group | BorroeFinance on Twitter
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