While Bitcoin (BTC) still makes up to 50% of the cryptocurrencies, maintaining its kingly status, altcoins are no longer considered weak tokens.
From Borroe ($ROE), one of the new DeFi projects that has raised $500k in its ongoing presale, to Optimism, Sui, and Astar, which are showing impressive 7-day gains, the altcoin space remains an essential part of the cryptocurrency ecosystem.
The Borroe ($ROE) AI-Powered Fundraising Solution
After a swift five-day sellout in its beta phase, Borroe was ushered into its initial presale stage. The project’s blockchain ICO has, more recently, successfully crossed the $500k milestone.
Most of the top altcoins in the Web3 space sell utility that serves the expanding digital ecosystem. Granted, crowdfunding or blockchain-based fundraising is not a new phenomenon; however, the Borroe Finance solution is reinventing ‘borroeing’.
Dealing with the problems borrowers face from trying a funding revenue plan in the traditional way, Borroe Finance combines blockchain technology, smart contracts, and artificial intelligence (AI) to create a plan befitting the ever-evolving Web3 landscape.
Borroe’s innovative solution enables various Web3 market participants, like influencers, content creators, and decentralized advertising platforms, among others, to convert recurring revenue into real money. In other words, they get to generate instant cash flow by selling their future earnings.
The conversion of revenues like royalties, subscriptions, bills, and more into minted NFTs that represent the value of these revenues is the unique solution that helps these Web3 companies obtain credit on future earnings rather than towing the debt or equity route.
The Borroe platform has Maxim Prishchepo and Michael Price at the helm of affairs. These are individuals who bring years of expertise and experience to the project.
Michael has decades of experience creating efficient fintech and financial solutions under his belt. Maxim’s deep knowledge of blockchain technology and financial systems and the innovative solutions they can build are fueling Borroe’s innovative offers in the Web3 space.
Like Borroe’s native altcoin, $ROE, some other DeFi coins are also impressing cryptocurrency observers and investors. Optimism, Sui, and Astar have had positive 7-day gains.
Optimism, SUI, Others in the Green
In the volatile cryptocurrency landscape, Optimism (OP) deserves to be commended for its resilience in the past few weeks. In a recent record, OP made a notable price increase of 13.53% in a week.
While Optimism has attracted investors with its bullish trajectory, caution is exercised because of a recent contract exploit on Coinbase’s newly launched BASE network, which is built on the Optimism stack. The event resulted in a loss of about $1 million.
Like the Optimistic OP, Sui (SUI) gained traction for its flexible architecture and scalability; however, it soon saw tough times as it hit bearishness, speculated to be a result of the U.S. Securities and Exchange Commission (SEC) suing Binance and Coinbase.
In a twist, SUI recently jumped as high as 8% in a day, attracting traders and altcoin lovers who hold hopes for SUI and the SIP 6 proposal it announced to enable liquid staking and allow developers to build features for liquid staking.
A third altcoin struggling to get to the status of altcoins to watch, having earned a place among the top 100 cryptos by market cap, is Astar Network’s ASTR.
Once jumping up to 10% in daily gains, ASTR, according to Coinbase, has risen by 12.08% in the past 7 days. Formerly known as Plasma, Astar Network claims to have the unique feature of operator trading that improves governance and permits the transfer of contract ownership and tokenization of contracts.
The network aims to deliver an exchangeable, scalable, decentralized application forum for the unique Web3.
The uniqueness of Web3 includes its revolution, which, unlike ‘Big Tech,’ gives users full control over their data and content and the values these infer. As different people and firms recognize and appreciate this option Web3 presents, an influx of ideas and businesses will be created on Web3.
Naturally, they would need funding, and the challenge might prevent them from growing, and this is what Borroe aims to solve with its $ROE-powered Innovative platform.
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