Currently, there’s a lot of excitement in the Bitcoin (BTC) ecosystem due to its upcoming halving in April. Interestingly, a general crypto market bull run historically accompanies this four-year halving event. Therefore, experts predict that top altcoins like Bitcoin Cash (BCH) and new tokens like Borroe Finance ($ROE) will surge during this period. Keep reading to see expert opinions and forecasts on these tokens.
BCH Whales Make Massive Moves in February
On February 14, crypto whales started accumulating Bitcoin Cash tokens in anticipation of the Bitcoin halving event scheduled for April. According to Santiment, Bitcoin Cash whales (whales holding 100,000 BCH tokens or more) held a total of 7.81 million Bitcoin Cash tokens on Valentines’ Day. By February 18, the whales acquired around 130,000 BCH tokens (approximately $36 million), bringing the total tokens held to 7.94 million.
As a result of this massive whale activity, BCH recorded a double-digit price surge in the last week of February. On February 23, BCH traded for $261.78. A week later, BCH gained 20.25% and sold for $314.81. As a fork of Bitcoin, experts predict that BCH and other Bitcoin-related altcoins will surge during BTC halving in April. Bitcoin halving usually triggers a bull run in the market, and BCH will likely trade for $390.50 during this period.
Bitcoin Supporters Double Down in Late February
On February 29, Peter Schiff (American Senior Stockbroker and Co-founder of Echelon Wealth Partners) advised the President of El Salvador, Nayib Bukele, to sell his Bitcoin tokens before talking about profits. In response, President Bukele told the Schiff to ‘cry harder.’ For context, El Salvador was the first country to legalize BTC as a legal tender within its territory and has one of the world’s largest Bitcoin reserves.
On February 23, BTC traded at $50,970. A week later, BTC gained 21.82% and traded for $62,091. BTC has not surpassed the $60,000 barrier since 2021, indicating only one thing: investors have decided to HODL BTC. In the next few weeks, Bitcoin will implement its four-year halving and reduce miners’ block reward from 6.250 to 3.125 BTC tokens. As a result, experts predict it will surge past $100,000 in Q2 2024 for the first time.
Savvy Investors Bet on $ROE to Succeed Amid AI-Revolution
The first skill beginner cryptocurrency traders need to learn is how to read trends in the crypto industry. Currently, the industry is focused on AI-based crypto projects, and Borroe Finance fits into this category. Borroe Finance is a new AI-powered fundraising marketplace that allows web3 businesses to access flash loans by selling future earnings at a discount. So far, investors have accumulated over $3 million worth of $ROE tokens.
Currently, $ROE is at the tail end of its fourth presale stage, and the token is selling for $0.019. After all presale stages conclude, $ROE will hit the mainstream crypto market and sell for $0.040. As a result of this bullish $ROE price movement, $ROE investors will enjoy a massive 110.5% ROI on their initial investments. Additionally, experts believe that $ROE will enjoy quick market adoption and likely trade for $0.180 before the end of the year.
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