EOS optimistic about regulatory approval
EOS supporters are optimistic about the latest regulatory approval in Japan, believing it will help sustain the recent positive momentum. Despite experiencing a crash on August 17, EOS has remained stable, and many holders are hopeful that the regulatory approval will further support prices and boost momentum.
EOS received regulatory approval from JVCEA’s whitelist on August 30, which has significantly improved trader sentiment. Following the market crash, EOS had fallen to $0.55 on August 17, but it has since gained 8.6% and was trading at $0.63 on August 30. Despite a slight dip to $0.61 on August 31, traders remain bullish, expecting the token to rise by 9.8% to $0.67.
Shibarium relaunch expected to drive growth
The relaunch of Shibarium on August 28 has brought increased activity to the Shiba Inu network. Shibarium’s wallet addresses tripled from around 100,000 on August 29 to approximately 300,000 on August 30. Additionally, the network witnessed a surge in transaction count, reaching 520,000 on August 30.
Analysts anticipate that Shibarium’s rising activity will have a positive impact on SHIB prices. On August 29, SHIB was trading at $0.000008124, but it rose by 3.5% to $0.000008410 on August 29, coinciding with the Shibarium relaunch. There are bullish expectations for further gains, with a target price of $0.000009110.
Given the current pace, it’s possible that SHIB may become one of the top 5 coins by the end of the year.
Borroe.Finance’s superior alternative to altcoins
Investors have expressed confidence in Borroe.Finance (ROE), considering its native token as a superior alternative to leading altcoins. The decentralized platform offered by Borroe.Finance is designed to solve funding problems through the ROE token.
While specific details about Borroe.Finance and its performance are not mentioned in the original article, it is important to note that investors’ belief in ROE as a viable alternative reflects their growing interest and trust in the project.
Hot Take
EOS supporters are banking on the regulatory approval in Japan to fuel its recovery, while Shiba Inu enthusiasts anticipate further price increases driven by the relaunch of Shibarium. Borroe.Finance’s ROE token also shows promise as a superior alternative. These developments highlight the evolving dynamics of the crypto market and the potential for significant growth and adoption.
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