Ripple’s Ongoing Legal Battle with the U.S. SEC
The U.S. Securities and Exchange Commission (SEC) is conducting a thorough examination of Ripple’s contracts to determine if the planned sales of XRP comply with the court’s summary order.
Ripple has responded by filing a Motion to File a Sur-Reply regarding the SEC’s Motion to Compel on January 24, 2024.
Currently, XRP is facing pressure as it struggles to break above $0.55. It was trading at $0.512 on January 26, experiencing a 6.85% decrease in the past week.
To maintain an uptrend, XRP needs to close above $0.55, while dropping below $0.45 could trigger a sell-off.
Cardano’s Soaring Smart Contracts in 2024
The number of smart contracts deployed on Cardano has significantly increased in early 2024. On January 1, there were 14,379 V1 and V2 Plutus smart contracts, and by January 24, the number rose to 24,050, marking a 67% growth.
Although ADA reached a peak of $0.66, it has experienced a 20.33% decrease, hitting $0.47 on January 26. The MACD indicator’s red bars suggest volatility, and the RSI indicates a potential sell-off.
Experts predict that Cardano may drop further to $0.43 if its struggles continue.
Borroe Finance: A New DeFi Project
Borroe Finance is an innovative web3 financing system on Polygon that focuses on liquidity pools and decentralized applications (dapps). It utilizes technologies like artificial intelligence (AI), non-fungible tokens (NFTs), and blockchain.
Through its NFT marketplace, web3 businesses and content creators have the opportunity to generate instant cash flow. The project has already raised over $2.7 million in an ongoing presale, with the ROE token currently available for $0.0190.
Experts anticipate a rally for ROE once it is released on decentralized exchanges (DEXs), where it is expected to list for $0.040.
Hot Take: Borroe Finance Emerges as a Promising DeFi Project
Borroe Finance has gained attention from investors as a new and promising decentralized finance (DeFi) project. With its focus on liquidity pools, dapps, and cutting-edge technologies like AI and NFTs, Borroe Finance offers unique opportunities for web3 businesses and content creators.
Currently raising funds through a presale, Borroe Finance has already generated significant interest, raising over $2.7 million. The upcoming release of the ROE token on DEXs is expected to further boost its value and market presence.
As always, it’s important to conduct your own research before making any investment decisions in the crypto space.
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