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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Solana (SOL) continues to stamp its authority in the crypto space after recently hitting an 18-month high above the $71.00 price level. As a result, pundits believe it's not a matter of if but when SOL will scale heights and breach the psychological price of $100.00.
On the other hand, investors are continuously trickling into the BorroeFinance ($ROE) ecosystem as its presale edges closer to raising $2.5 million.
Despite being the new kid on the crypto block, BorroeFinance ($ROE) is adhering to the notion of innovation pays because it incorporates cutting-edge technologies, such as artificial intelligence (AI), smart contracts, non-fungible tokens (NFTs), and blockchain into revenue financing.
As one of the best cryptos to buy, BorroeFinance has set the ball rolling of ensuring that Web3 businesses do not experience the short-term liquidity challenge that content creators and artists are accustomed to because of irregular payments.
As a result, BorroeFinance links these Web3 players with revenue sellers on its NFT-based marketplace, enabling them to attain instant cash to fund their projects.
What's making BorroeFinance to tick? Well, the network is innovative to the extent of enabling Web3 participants to use their future earnings as collateral, which are minted as NFTs for a seamless trading process.
This explains why BorroeFinance is edging closer to raising more than $2.5 million at its presale stage because it is one of the best DeFi projects in the current era.
With BorroeFinance being at Stage 3 of its presale, more than $1.87 million has been generated, given that investors are giving this network a keen eye as it continues to showcase itself as one of the best altcoins to buy.
As a result, BorroeFinance's native token called $ROE is experiencing heightened adoption rates since more than 174 million coins have been purchased.
Given that $ROE is cementing its status as one of the top crypto coins, the token is pushing BorroeFinance to unprecedented heights because it serves as the gateway to this ecosystem.
As one of the leading proof-of-stake (PoS) blockchains, Solana is experiencing a robust decentralized finance (DeFi) sector that is playing an instrumental role in thrusting SOL upwards.
This positive market sentiment has played an instrumental role in enabling Solana soar to the $72.00 level, a scenario last seen in June 2022.
Leading on-chain metrics provider Santiment acknowledged, "Altcoins are recovering quickly after the crypto-wide drop the past couple days. In particular, Solana has surged back above $71.00, gaining quickly compared to the majority."
The positive news about Solana's airdrop coupled with a notable surge in stablecoin supply on the SOL network, has also played a pivotal role in the price increase.
DeFiLlama recently acknowledged that the stablecoin supply on the Solana network recently hit $1.67 billion, making SOL one of the best altcoins performance wise.
Furthermore, the $80.00 price zone is the only major resistance zone on Solana's journey to $100.00.
