As the SEC decides to push for the approval of Ethereum ETF, Ethereum (ETH) remains stagnant. Bitcoin (BTC) showcases historic golden crossover amid Spot Bitcoin ETF’s final decision. On the other hand, Borroe Finance ($ROE) proves to be one of the best DeFi projects with its amazing presale success. Let’s get to know more about these top crypto coins.
Borroe Finance: The Emerging Prospect Among Traditional Enthusiasts
Having emerged as one of the hype-driven coin offerings, Borroe Finance has overwhelmed investors with its compelling presale achievements. Not just novice investors, Borroe Finance has taken all the spotlight, catching the attention of traditional Ethereum and Bitcoin enthusiasts.
Borroe Finance is an innovative AI-powered NFT funding marketplace that helps Web3 participants to transact future earnings for instant cash flow. Moreover, Borroe Finance also allows businesses and DeFi companies to raise funds by minting their future invoices to NFTs, which are then sold to interested buyers at low rates.
Moreover, Borroe Finance tailors a simple fee structure, high scalability, and cost transparency. Keeping this in mind, Borroe Finance has $ROE as a utility and governance token.
While in its presale, Borroe Finance is in Stage 4. Interestingly, $ROE has already surged from the $0.0100 beta stage price to the current stage price of $0.0190. The thrilling journey of $ROE is yet to come. Once the presale ends, $ROE will reach $0.0400!
However, analysts foresee much higher projections for $ROE’s investors. For this reason, investors in Borroe Finance consider $ROE the best crypto to buy in today’s market.
SEC Delays Ethereum ETF Decision
As the ETF debate keeps on coming, the SEC has delayed the decision of the Grayscale Ethereum Future ETF and the Hashdex Nasdaq Ethereum ETF to May 2024. This ETF’s approval will thrust ETH to unprecedented heights.
However, Ethereum has been trading above the 200-day MA. Looking at Ethereum’s price action, ETH finds key support at $2,150. As ETH continues to hold this level and stay above this ascending triangle, buyers will dominate the market. And ETH finds key resistance at $2,500.
On January 9, ETH was trading at around $2,250, declining 4.27% over the past seven days. Nevertheless, Bitcoin ETF will make a significant difference in ETH’s current price.
Yet, Ethereum’s weekly RSI gives positive signals as it has attempted to rally beyond the 70 level. Experts say if Ethereum breaks above $2,500, the next ETH price target will be around $3,150.
BTC Holds Above $46,00 Amid Spot Bitcoin ETF Anticipation
As Steven McClurg’s clear affirmation for approval of the much-anticipated Spot Bitcoin ETF by the US SEC on January 10, Bitcoin has witnessed an excellent upswing in its price. With this positive news, investors’ eyes will be on BTC’s volume figures for the first trading day on January 11 and 12.
Stepping in 2024 has definitely brought positive sentiments among Bitcoin blockchain enthusiasts. As of January 9, BTC was hovering around $45,750, a significant 4.22% over the past 24 hours. In Bitcoin’s technical analysis, BTC forms a first-ever Golden Cross, which shows an intense bullish signal.
Moreover, BTC’s 50-week MA has risen above the 200-week MA. Yet, experts anticipate an increase in risk and uncertainty as the Spot Bitcoin ETF decision approaches. If Spot Bitcoin ETF gets approved, BTC is destined to new heights of over $50,000. It will also affect other altcoins.
Conversely, BTC might drop to $35,000. So, experts warn Bitcoin enthusiasts not to take much risk on BTC. They suggest investors look at emerging prospects like $ROE.
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