Analyst says Bitcoin can soar to $1 m; Borroe Finance may outperform Chainlink in 2024
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With JAN3 CEO Samson Mow saying Bitcoin could hit the $1 million mark based on ETF-trigerred inflows and historical growth patterns, the feasibility of this analysis remains to be seen.
Meanwhile, Borroe Finance (ROE) is a web3 protocol growing in stature based on its unique revenue financing approach, with pundits maintaining that it could outperform Chainlink (LINK) this year.
Borroe Finance offers instant liquidity in web3
The lack of continuous cash flow is detrimental to many businesses, entrepreneurs, and content creators, so Borroe Finance seeks to eliminate this challenge through its NFT-based marketplace.
By deploying technologies like blockchain, artificial intelligence (AI), non-fungible tokens (NFTs), and smart contracts, Borroe Finance provides web3 players with a peer-to-peer (P2P) marketplace for them to get instant liquidity by using their future earnings as collateral.
These future incomes are minted as NFTs for a seamless trading experience. These NFTs can be resold on secondary marketplaces.
By ensuring immediate liquidity is no longer available, Borroe Finance can help onboard more users.
Over 225 million ROE have been sold in their presale, helping the project raise over $2.6 million.
ROE is a governance token. Holders get access to features like rewards and incentives.
Bitcoin inflows
Bitcoin has been experiencing significant inflows since the approval of spot Bitcoin exchange-traded funds (ETFs) earlier this month.
Bitfinex reports that the first six days of the spot Bitcoin ETF saw net inflows worth $33.1 million.Â
However, despite the significant inflows, BTC prices fell to around $41,000.
Some experts predicted that the approval of a spot Bitcoin ETF would be a “sell-the-news” event, and the current price decline seems to confirm this.
How Bitcoin will perform in the short term remains to be seen.
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