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The Dogecoin community has struggled with the recent bear market and its effect on the $DOGE price. Despite being one of the top altcoins, Dogecoin's ($DOGE) market performance had declined in recent days.
Some $DOGE holders are now joining Borroe.Finance ($ROE), especially as the latter holds an incredible 220% growth potential. Some analysts say $ROE could even become one of the best DeFi coins. Are these expectations reasonable? Let's find out.
Dogecoin ($DOGE) has always strived to get institutional acceptance. That drive leaped on August 30, 2023, when Robinhood Market Inc. added wallet support for Dogecoin. The announcement means millions of Robinhood users can now hold $DOGE directly in their wallets.
Robinhood, a top cryptocurrency provider, mainly serves institutional investors, so its partnership with Dogecoin highlights the latter's popularity. Unfortunately, the announcement has been unable to halt $DOGE's market fall.
$DOGE was trading at $0.0658 on August 30 after Robinhood's announcement. On September 1, the market slumped, taking $DOGE to $0.0638. By September 16, $DOGE had fallen by 5.6% to $0.0621 as the bearish pressures increased.
Yet, analysts are confident that Dogecoin's institutional adoption will rise following the announcement by Robinhood. There are also speculations that other platforms for institutional crypto investors are considering adding support for Dogecoin.
As a result, they say $DOGE could rise to $0.0694 due to excitement around Robinhood's support for Dogecoin.
Borroe.Finance ($ROE) is designed to help Web 3.0 businesses convert their recurring revenues into upfront cash. The platform is geared toward easing fundraising opportunities for Web 3 firms, thereby powering their growth. One of the standout features of Borroe.Finance is its reliance on blockchain technology and artificial intelligence.
Borroe.Finance ($ROE) grants wide access to companies in need of fundraising opportunities. Companies can take loans by selling off future revenue. Before taking loans, users get a credit rating generated by AI. Once loan requests are approved, users get instant funding.
Likewise, loan repayments on Borroe.Finance is instant. Borroe.Finance also offers various crypto and fiat payment solutions. Special benefits of using Borroe.Finance ($ROE) include discounts on collateralized revenue, marketplace costs, and special fees.
Furthermore, active users get special rewards. For instance, users who vote on proposals are rewarded. Finally, Borroe.Finance users can easily conduct business in various fiat and cryptocurrencies, which helps to boost their business efficiency.
$ROE is one of the few new ICOs that promises high returns and long-term stability. After growing by 25% from its initial price of $0.0100, it has entered Stage 1 of its presale. Now trading at $0.0125, investors are keenly awaiting Stage 2 of its presale. By Stage 2, $ROE would have risen to $0.0150, growing by 50% from its starting price of $0.0100.
