The crypto market can present opportunities for discerning investors. At the moment, investors are looking at Maker (MKR), THORChain (RUNE), and Borroe (ROE), considering their growth potential. ROE is the newest of the three tokens, and analysts maintain a bullish preview of this project.
This article digs deeper, exploring why.
Maker’s revenues soar to a 2-year high
MakerDAO’s rising network activity has pushed its revenue to $165 million, a 2-year high. The increase follows the surge of DAI deposits, which currently stand at 5.5 billion DAI, a near 4-fold increase.
As more DAI holders lock their stablecoins, MKR prices are edging higher. At this pace, analysts expect even more gains towards $1,350, spurred by rising deposits.
THORChain and defi TVL expands
The decentralized finance (defi) market is mixed. With regulatory issues in the equation, several projects, including THORChain, have been adversely impacted. Even so, defi’s total value locked (TVL) rose to $45.08 billion on Aug. 13 from around $40 billion on Aug. 2.
Rising TVL also shows in RUNE’s market performance. Notably, while RUNE prices are higher, open interest remains suppressed. This decline may point to waning upside momentum, and some analysts expect RUNE prices to drop in sessions ahead.
Borroe is creating a funding stream for web3 businesses
Borroe is a decentralized platform committed to helping its users source funds for the day-to-day running of their businesses. It assists users in accessing these funding streams by leveraging their future recurring income.
The platform allows users to take loans using their future revenue as collateral. In this way, Borroe offers a cheaper, faster, and more efficient solution for companies to get revenue financing.
Borroe caters to buyers and sellers of such future recurring revenue. Platform users can easily invest in low-risk loans that have consistent returns. They also enjoy unique benefits like discounts, marketplace rewards, and platform recognition.
Some analysts consider ROE one of the best cryptocurrency ICO investments, considering its recent 25% increase from $0.010 to $0.0125 in stage 1 presale.
In stage 2, ROE prices will be available for $0.015, an increase that outperforms RUNE and MKR.
Learn more about Borroe (ROE) here:
Visit Borroe presale | Join Telegram group | Follow Borroe on Twitter
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