Chainlink sharks accumulating, Borroe.Finance gains momentum while Cardano dumps

Chainlink (LINK) is firm following the accumulation of whales and sharks. Meanwhile, Borroe.Finance (ROE) is rallying despite choppy market conditions. Early ROE investors are already in the green. However, Cardano (ADA) is turning lower as whales sell. Analysts are pondering whether ADA will recover and align with LINK and ADA in the next bull run.

LINK higher amid accumulation

Chainlink rose above $6 despite the broader market depression. This spike follows the ongoing accumulation among high-worth investors, known as sharks, who hold between 10,000 and 100,000 LINK. 

Data from Santiment shows that sharks bought $9.6 million worth of LINK in just three days, buoying prices.

Analysts predict that if demand continues rising, LINK could reach $7 by the end of 2023.

Borroe.Finance keeps rising in presale

Borroe.Finance offers loans to businesses that use their upcoming earnings as collateral. The protocol acknowledges the importance of swift funding, particularly in industries where payments can be irregular and sluggish. 

With this approach, the platform assists web3 enterprises in becoming more productive and expeditious. The collateral is derived from future revenue sources, such as subscriptions, fees, royalties, or invoices. 

Borroe.Finance provides investors with chances to discover low-risk investment options. Users are granted exclusive discounts and recognition for their participation in the marketplace. They can also avail of prioritized customer support to assist them in resolving any issues.

In stage 1 of its presale, ROE is available for $0.0125, but prices will rise 20% to $0.0150 in stage 2.

Cardano is updating, but whales are dumping

Strica, a company focused on Cardano, has announced a new feature for its Warp Transactions wallet, improving its smart contract capabilities. 

Every transfer on Cardano requires the sender to pay a minimum fee of 1.14 $ADA to ensure network security. However, the Warp Transaction offers a cheaper alternative. It uses the Unspent Transaction Output (UTXO) model, using the remaining ADA after a transaction. 

Even so, ADA dropped 18% in August, and September has not brought any relief. On-chain data suggests that whales have dumped over a billion ADA in the past week, a bearish development.

Analysts forecast prices to fall to $0.2410 by the end of September, citing whale activity.

Learn more about Borroe.Finance (ROE) here:

Visit Borroe.Finance presale | Join the Telegram group | Follow Borroe.Finance on Twitter