A New Crypto Frontier: Enthusiasts Turn Their Attention to a Rival Outshining XRP and THORChain

The post A New Crypto Frontier: Enthusiasts Turn Their Attention to a Rival Outshining XRP and THORChain appeared first on Coinpedia Fintech News

Ripple (XRP) was one of the best-performing altcoins in Q3 2023, while THORChain (RUNE) delivered one of the highest ROIs in Q4 2023. However, these tokens recorded minor surges in late December, and crypto investors turned to a hot new token called Borroe Finance ($ROE). Keep reading to see expert forecasts and opinions on these tokens.

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Investors Back $ROE to Deliver Massive ROI in Early 2024

New DeFi projects with high potential for ROI don’t come around often, and savvy investors are quick to grab the opportunity when it occurs. This logic led investors to raise over $2.1 million for Borroe Finance ($ROE) in the second half of 2023. For context, Borroe Finance is an AI-powered fundraising platform built to allow web3 businesses to raise instant cash by selling future earnings to supportive communities at discounted prices.

Currently, $ROE is selling for $0.0175 at its third presale stage, and that stage is 89.27% complete. When all presale stages conclude, $ROE will hit the mainstream crypto market and sell for $0.04. According to analysts, this price movement will likely play out in early 2024, and $ROE investors will get a massive ROI on their tokens.  

Crypto Experts Debate Ripple’s Capacity

As the year draws to a close, crypto experts forgot about Ripple’s court case with the SEC for a minute and made blockchain calculations for Ripple’s future. According to blockchain expert Alex Cobb, Ripple can handle 3,400 transactions per second, 204,000 per minute, and 293 million daily transactions at full capacity. However, another crypto expert, Daniel Keller, said 500-700 TPS is the more realistic outcome in the coming months.    

Unlike other surging top altcoins, XRP maintained a ranging price movement in December. On December 19, XRP traded at $0.5997. A week later, XRP gained 1.51% and sold for $0.6101. Analysts say XRP will likely range between $0.55 and $0.65 in Q1 2024 due to a lack of investor enthusiasm. However, experts predict that XRP will record a significant price surge or dip in April 2024 after the next Ripple vs. SEC court sitting holds.

THORChain Records Ecosystem Expansion in Q4 2023

Recently, THORChain Network announced that THORChain investors who use EdgeWallet can now hold their RUNE tokens in a self-custodial wallet. Previously, EdgeWallet had RUNE tokens like centralized exchanges, meaning you don’t directly control your keys. However, THORChain investors have completely held their tokens since November 28 and enjoy EdgeWallet’s swap and save feature.

After recording a 250% price surge in Q4 2023, RUNE sustained its bullish momentum in late December. On December 19, RUNE traded at $5.11. Seven days later, RUNE gained 5.90% and sold for $5.41. Experts have agreed that RUNE was one of the best crypto investments in Q4 2023 and said the token will likely record more surges in Q1 2024, thanks to new partnerships. Therefore, we can expect RUNE to trade for $7.55 in Q1 2024.

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