Achieving a market cap of $1 billion is difficult for any digital currency. However, Binance (BNB) and Polygon (MATIC) are among the few that have surpassed this milestone.
In addition to forecasting the future of BNB and MATIC, some investors believe Borroe, a crypto project, could also achieve the same feat this year.
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Borroe is a web3 invoice and recurring revenue Marketplace
Borroe is a revenue financing solution for web3 participants with cash flow issues. It consists of a blockchain and artificial intelligence (AI)-driven crowdfunding marketplace where they can exchange their future proceeds for instant cash.
Borroe has the potential to post a $1 billion market cap due to the size of the invoice financing market, which stands at $3 trillion. In comparison, the crypto market is valued at $1.2 trillion.
Borroe serves as a bridge between the two worlds by offering alternative financing options to businesses in web3, making it faster, cheaper, and more secure.
For Borroe, governance is a crucial aspect of decentralized finance (defi) as it allows the community to shape the platform’s future through voting rights. As Borroe continues to develop, effective governance will be vital to its progress.
Users can acquire ROE, Borroe’s governance token, which grants them voting power and offers other benefits. During the current Borroe presale, ROE is available at $0.010 in Stage 1. In Stage 2, prices for ROE will increase by 25% to $0.0125.
At the end of the eight-stage presale, the price of ROE will increase to $0.40, a 300% rise from Stage 1. Consequently, the market capitalization is anticipated to increase, edging closer to $1 billion.
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BNB is stagnant despite record-breaking quarterly “burn”
Binance has been facing several challenges this year, including staffing changes and increasing scrutiny from the Commodity Futures Trading Commission (CFTC), the United States Securities and Exchange Commission (SEC), and the Department of Justice (DoJ).
BNB, the native currency of the Binance ecosystem, is under pressure and may drop to $220, reflecting the state of affairs across the network.
BNB is trading at around $240 with a bearish outlook. This is surprising considering that Binance recently held its 24th quarterly “burning,” which removed 1.99 million BNB from circulation. Typically, experts view such an event as a positive sign, but BNB’s value has remained unchanged.
Despite this, some investors remain hopeful that the price will reach $300 by the end of 2023 with favorable market conditions. Overall, BNB is under pressure and likely to fall in the days ahead.
On the opposite end of the spectrum MATIC, which is Polygon’s native token, is firm.
Polygon is bullish
Polygon has recently announced the release of its upgraded version, Polygon 2.0, which includes “Three Pillars of Governance” per the roadmap. The public can expect new updates to be rolled out over the next few weeks.
According to data analytics from Artemis, Polygon’s fundamentals are in good shape. The platform has steadily increased daily active addresses and transactions since July 9, 2023.
This coincided with MATIC’s 31% climb to $0.89. At this pace, MATIC prices may rally to $1.50 by the end of the year. Bullish as it may, this will only be a 2X gain.
For this reason, investors are exploring Borroe as they remain bullish this year, expecting more gains.
Learn more about the Borroe presale here:
Buy Presale: https://borroe.finance/
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