As Chainlink (LINK) encounters selling pressure, leading to a notable drop in its market value, investors are gravitating towards two of the top altcoins making upward strides – Borroe Finance ($ROE) and Optimism (OP). This shift may see institutional investors set up camp around Borroe Finance ($ROE) and Optimism (OP) till Chainlink (LINK) recovers.
Let’s explore these top crypto coins to learn more.
Investors Move To Borroe Finance For Stability
Borroe Finance ($ROE) is a fast-developing project in the decentralized finance landscape. Its stability promise has pulled investors from several blockchains across the digital asset sphere. Moreover, Borroe Finance ($ROE) has established itself among the top DeFi projects, given its remarkable presale success.
Borroe Finance is a marketplace for Web3 creators to generate cash flow from trading future earnings derived from royalties, invoices, and subscriptions. By adopting the principles of Web3, Borroe Finance exhibits transparency, inclusivity, and decentralization. It offers solutions to the setbacks of traditional finance by using advanced technologies such as artificial intelligence and blockchain.
What makes Borroe Finance even more enticing is the price projection of its native token, $ROE. $ROE currently trades at $0.0175 in the third stage of its presale, following a 75% rally from its beta stage price of $0.01. According to its presale forecast, $ROE is expected to register a 128.5% surge to $0.04 to conclude its presale.
Hence, Borroe Finance ($ROE) is regarded as the best cryptocurrency to invest in for stable profit.
Optimism Overshadows Layer-2 Networks
IntoTheBlock, a prominent on-chain intelligence resource, has spotlighted noteworthy developments involving Optimism (OP), a top layer-2 blockchain. According to IntoTheBlock, on December 10, Optimism (OP) toppled other layer-2 networks, securing its place as the most active layer-2 network in the past week. This development occurred after Optimism (OP) outranked Base, a rival layer-2 network.
Analyzing Optimism (OP), DeFiLama pointed to a surge in active addresses in November. Notably, there were 170,000 and 186,000 active addresses on Optimism on November 16 and November 17, respectively. These figures indicate the highest ranking digits Optimism (OP) has ever recorded.
After recording gains the previous week, OP eventually cooled down with a 0.88% drop, dipping from $2.16 to $2.14. This decline occurred between December 11 and December 15. Experts expect OP to stage a comeback, pointing at a possible 16.8% increase to $2.50.
Chainlink Drops After Hitting Annual High
On December 8, Chainlink (LINK) clinched its annual record high of $17.32 amid the market-wide rally. This rally was fueled by a 4.22% increase in the price of LINK. However, Chainlink (LINK) soon slumped as a reversal followed suit.
Despite the pullback in the price of LINK, several experts have expressed bullishness on Chainlink. Rekt Capital, a well-known figure in the crypto space, commented on Chainlink’s outlook, stating that LINK has broken out of a pattern that could catalyze a price rally. Similarly, Immortal Crypto, another voice in the digital asset sphere, suggested that the ongoing decline will be short-lived and Chainlink (LINK) will reclaim the record price.
As the chart reflects, Chainlink (LINK) is down 10.25% from $16.36 to $14.68. This decline occurred between December 11 and December 15. Based on analysts’ forecast, Chainlink reclaiming the $17.32 region will require LINK to rise by 18.2% from the current price level.
Learn more about Borroe Finance ($ROE) here:
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
