Race to $1: will XRP, Borroe Finance, or Hedera succeed?
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
There are three cryptocurrencies that investors are keeping an eye on in the race to $1: XRP, Borroe Finance (ROE), and Hedera (HBAR).
Let’s explore each.
XRP trading volume spikes: what’s next?
XRP trading volume increased to $2 billion on Jan. 1, 2024. Still, investors are not interested due to low volumes and stagnant prices.
As of Jan. 3, XRP was trading at $0.62, facing resistance at $0.65.
It is currently positioned at the end of a descending triangle. A break out above immediate resistance may catalyze demand.
Experts believe XRP may struggle to reach $1.00, but $0.70 is likely for now.
Borroe Finance drawing investors
Borrow Finance has the potential for real-world use and growth.
With a unique approach to invoice financing and an AI-powered funding marketplace, Borroe Finance has already raised over $2.29 million by selling more than 201 million ROE.
By the end of the presale, ROE will be trading at $0.040, up 128.5% from the current stage.
Analysts predict that ROE will exceed $1 after listing on mainstream exchanges.
Hedera announces “The HBAR Foundation 2024 Strategy” event
Hedera announced an event on Jan. 4 to discuss their progress and plans for growth in 2024.
HBAR, its native currency, rose 51.25% in December and is trading at $0.093 when writing.
The current uptrend points to solid buyer support.
Technical analysis shows that the coin can break higher.
So far, experts say HBAR can reach $0.10 in January 2024.
Despite this outlook, the coin has a long way to go to reach $1.00.
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