Market Watch: Litecoin and Polkadot Stumble, Borroe Finance Presale Gains Traction

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In December 2023, investment experts predicted a volatile crypto market in early 2024, which has played out. Altcoins like Litecoin (LTC) and Polkadot (DOT) went bearish in late January after posting a bullish outlook earlier in this month. Due to this drawback, investors focused on a new crypto token called Borroe Finance ($ROE). Keep reading to see what experts think about these tokens.  

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LTC Dips Amid Increase in Market Activity

On January 26, Litecoin’s team updated Litecoin’s ecosystem progress in 2024. According to recent crypto news from their official X page, the Litecoin blockchain processed over 16 million transactions in January. According to crypto experts, ecosystem activities such as the ongoing Coins.ph Litecoin Trading Competition attracted investors and retail crypto traders to the network in early 2024.

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Despite this ecosystem growth, LTC went bearish in the fourth week of January. On January 21, LTC traded at $71.19. A week later, LTC lost 5.20% and sold for $67.51. Crypto analysts are convinced that LTC will surge along with other top altcoins towards the end of Q1 2024 due to the upcoming BTC halving. However, LTC’s price will likely range between $60 and $75 between February and March.   

DOT Goes Bearish Despite Ecosystem Expansion

On January 24, Polkadot announced via its X platform that the Polkadot community now has its first substrate-native token bridge. Thanks to the Manta Network, this bridge will connect Polkadot to Ethereum layer-2 blockchains. Furthermore, experts say the partnership was facilitated by Polkadot’s cross-consensus message format (XCM), and Polkadot users can now transfer MANTA between its Atlantic and Pacific networks on Ethereum.

Even though Polkadot experienced ecosystem growth in January, DOT remained bearish in the fourth week. On January 21, DOT sold for $6.94. Seven days later, DOT lost 3.78% and traded for $6.67. According to analysts, DOT will likely stay bearish for the next few weeks due to the exit of retail crypto traders from the market in late January. Therefore, we can expect DOT to trade for $6.30 in February.

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$ROE Set for Massive Bull Run in 2024 Thanks to Successful Presale Stages

Beginner cryptocurrency investors can advance by investing in tokens with early ecosystem successes. According to crypto analysts, Borroe Finance ($ROE) raised $2.7 million in its first four presale stages, making it a good crypto to buy for long-term ROI. For context, Borroe Finance is an AI-powered fundraising marketplace that allows web3 businesses to raise instant cash by selling future earnings to their audience at a discount.

$ROE’s fourth presale stage is ongoing, and the token is selling for $0.019. After all presale stages conclude, $ROE will be listed on major crypto exchanges and sold for $0.040. According to crypto analysts, $ROE investors will get a massive 110.5% ROI in this bullish price movement. Furthermore, experts believe $ROE will enjoy speedy market adoption and likely surge to $0.190 before the end of the year.     

Learn more about Borroe Finance here:

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