The development of the Cardano network is on the rise, but the price of ADA has been declining. In contrast, the meme token PEPE has experienced a sharp double-digit increase. However, the question remains: will this be enough to initiate its next major rally? Meanwhile, analysts suggest that Borroe.Finance (ROE) could be another promising DeFi investment after its recent 50% surge.
Will ROE emerge as one of the top ICO projects? Let’s explore expert opinions and predictions.
PEPE recovers 13.6% despite Rug Pull controversy
The end of August 2023 was marred by controversy as PEPE fell victim to a rug pull on August 24th, resulting in $16 million being taken from the PEPE multi-sig wallet. This incident caused a significant drop in investor sentiment. Additionally, the PEPE token faced further challenges due to the overall market downturn in early September.
However, on a positive note, PEPE managed to bounce back. After hitting a low of $0.0000007750 on September 1st, following the market decline, it dropped even further to $0.0000006124 on September 21st due to increasing bearish sentiment. Nevertheless, by September 25th, PEPE had already recovered by 16.4% to reach $0.0000007134.
The recovery of PEPE may be attributed to growing confidence in the meme coin following changes in its management after the rug pull incident. Some analysts believe that PEPE could once again become a leading meme currency in 2023 due to its current momentum. These analysts expect PEPE to rise to $0.0000008234 if its bullish momentum continues.
Cardano development activity grows in September
Santiment data reveals that Cardano leads the top 5 cryptocurrencies in terms of development activity. Moreover, on September 14th, 2023, Cardano announced significant updates to its Lace Light wallets. These updates will enable multipool staking of ADA tokens.
While Cardano’s development activity remains high, the price of ADA has largely remained stagnant. On September 1st, ADA was trading at $0.255 after the market-wide decline. On September 14th, ADA dipped 1.5% to $0.251, even as Cardano celebrated the wallet updates. By September 26th, ADA had fallen by 2.3% to $0.245.
However, Cardano’s consistently high development activity has become a hallmark of the network. Analysts believe that this could lead to increased adoption of the network once the market emerges from its current bear phase. A higher adoption rate for Cardano could potentially push the price of ADA up by 15.5% to $0.282.
Borroe.Finance: Early investors reap 50% interest
Borroe.Finance (ROE) is a DeFi project that focuses on providing easy and efficient access to fast short-term capital. The platform allows users to raise funds through loans backed by invoice-based collateral. Essentially, Borroe.Finance enables users to sell their future earnings.
The platform facilitates the smooth trading of invoices in a community-based lending marketplace, offering users the ability to sell their earnings at attractive discounts. Borroe.Finance is particularly helpful for creators, NFT artists, designers, and musicians, as it offers discounted invoice deals and advanced analytics to identify new fundraising opportunities.
The Borroe.Finance ICO has been gaining attention, especially after the recent sale of 100 million ROE tokens. Currently trading at $0.0150, ROE has already surged 50% from its initial price of $0.0100. It is currently in Phase 2 of its pre-sale, with a projected 167% increase to $0.0400 once the pre-sale concludes.
Please note that this article is for informational purposes only and does not constitute investment advice or an offer to invest.