Expert Cautions Investors To Prepare For More Rough Price Action On Ethereum And MATIC While Borroe Finance Presale Offers Steady Gains

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In a recent update, crypto veterans warned investors to expect further wavy price movements on top altcoins like Ethereum (ETH) and Polygon (MATIC) due to emerging developments on their networks. Meanwhile, Borroe Finance ($ROE) maintains a steady performance as it forges ahead in its presale.

Let’s find out why Borroe Finance ($ROE) is immune to the challenges these altcoins might face.

>>BUY $ROE TOKENS NOW<<

TLDR:

  • Ethereum (ETH) is on the verge of a descent to the $2,850 region.
  • Polygon investors who recently unstaked their MATIC tokens incurred a significant loss, prompting speculation of a broader impact.
  • Borroe Finance ($ROE) remains on a steady path to new price levels, attracting gains to investors along the way.

Ethereum Encounters Trial At The Hands Of Sellers: Can $2,850 Hold?

Ethereum (ETH) continues to hover slightly above $3,000 as if parading in a range. This movement began after ETH tumbled to $3,007 on April 13 during the pre-halving retracement. Every attempt at a rebound has proven abortive as the bears fortify the $3,100 region heavily.

Technically, the outlook of Ethereum (ETH) is somewhat concerning, given the bearish status of the Moving Average Convergence Divergence (MACD) indicator. Also, Ethereum (ETH) is stuck below the Simple Moving Average (SMA) line below $3,100. These indicators suggest the coming days may not look so bright for Ethereum (ETH).

Ethereum (ETH) tanked on April 13 from $3,237 to $3,087 on April 19, dropping 4.6%. Should the bears overpower the bulls at ETH’s current price, the next checkpoint would be the support zone at $2,850. This decline will amount to a 7.6% loss in the value of Ethereum (ETH).

Polygon Investor Loses $4.87 Million After Unstaking Token

SpotOnChain, a market intelligence resource, recently called attention to a whale investor who had lost $4.87 million after unstaking his Polygon (MATIC) tokens. The report came to light on April 19, revealing that the whale had deposited all the tokens unstaked in a Falcon X account. Notably, this deep-pocket investor unstacked approximately 17.19 million MATIC, now worth $11.44 million, which he eventually transferred to the Falcon X exchange.

The report further revealed that the investor had withdrawn cumulatively 17.036 million Polygon (MATIC) tokens on November 8, 2022, and January 9, 2024, from Coinbase. At the time, these MATIC tokens amounted to $16.17 million at an average price of $0.94 per token. Given the recent dip during which Polygon (MATIC) plunged to $0.66, his tokens are now worth $11.44 million, with a total loss of $4.87 million.

This news has raised concerns within the Polygon (MATIC) community as some speculate that the investor might choose to sell. Polygon (MATIC) is currently down 11.8% from $0.76 to $0.67 between April 13 and 19. Based on the bearish sentiment on Polygon, experts expect MATIC to call at $0.60 if it witnesses another drop, translating to a 10.4% drop.

Borroe Finance Poised To Deliver Constant Gains

While these top crypto coins walk on thin ice, Borroe Finance ($ROE) stands firm on solid ground, posing as the best crypto to invest in for gains. Recent market data showed Borroe Finance ($ROE) achieved notable growth during its presale and intends to reach higher levels. This tendency allows crypto investors to profit from Borroe Finance ($ROE) before and after its DEX listing.

Borroe Finance is a nascent project developed on the Polygon blockchain alongside its native token, $ROE. It was designed as a marketplace for Web3 participants to convert future recurring revenues into present-day cash flow. They only need to mint the items that constitute future earnings, such as an outstanding invoice, royalty, and subscription, as NFTs and sell them to interested buyers at discounted rates.

This method addresses the prevailing funding needs of Web3 users, making Borroe Finance ($ROE) inevitable. Presale investors, especially the early birds, made 100% of their initial capital when $ROE bounced from $0.01 to $0.02. To avoid FOMO after Borroe Finance’s exchange arrival, investors might consider taking advantage of the imminent 25% surge to $0.025 before $ROE is listed on top exchanges like Binance.

Learn more about Borroe Finance ($ROE) here:

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