If you are looking for profitable cryptos to invest in for high ROI in 2024, it is essential to DYOR before you HODL any token. For instance, Compound (COMP) fell out of favor with retail investors this year. On the other hand, Uniswap (UNI) fought to regain its position as the world’s leading DEX in late January. Thankfully, investors found a new hot token called Borroe Finance ($ROE). Keep reading to see what experts think about these tokens.
$ROE Investors Accumulate $2.7 Million Worth of Tokens in Four Presale Stages
When investors select cryptos for their portfolio, established altcoins are considered before new tokens. However, cryptos like Borroe Finance are the exception, thanks to their immense utility to the blockchain industry. For context, Borroe Finance is a new AI-powered fundraising blockchain marketplace that allows web3 businesses to raise instant cash by selling future earnings to supportive communities at discounted prices.
Currently, $ROE is in its fourth presale stage, and the token is selling for $0.019. So far, investors have raised over $2.76 million for Borroe Finance since its presale beta stage, and analysts believe $ROE will trade for $0.04 at the end of all presale stages. As a result of this bullish $ROE price movement, early Borroe Finance investors will walk away with a massive 110.5% ROI, provided this price action plays out.
UNI Community Gets Investment Advice in Late January
On January 31, Uniswap Labs advised investors to make MEV (Miner Extractable Value) work for them instead of against them. According to Uniswap Labs, UniswapX internalizes MEV, which gives you added value and ROI thanks to constant price improvements. In other news, Uniswap recently regained its position as the world’s most traded DEX (Decentralized Exchange) after losing the spot to Solana’s Jupiter in late January.
On the market front, UNI sustained a ranging price movement into the first week of February. On January 28, UNI traded at $6.01. A week later, UNI gained a meager 0.47% and sold for $6.03 on February 4. According to crypto analysts, UNI will likely go bearish in mid-February due to the exit of retail crypto traders from DEXs. Furthermore, experts expect UNI to trade for $5.75 later this month.
COMP Ranges One Month After X Account Hack
On December 29, Compound Labs reported that its X account was hacked. The hacker flooded the social media page with spam messages, leading to a temporary loss of confidence from investors. Some of these investors sold their tokens and invested in top altcoins like ETH. Thankfully, Compound Labs calmed its community and recovered the account within 24 hours. However, COMP has yet to bounce back from that occurrence.
As a result of this hack, retail traders stayed away from COMP, and the token ranged in February. On January 28, COMP traded at $55.24. Seven days later, COMP lost 2.15% and sold for $54.06. Even though Compound is one of the best DeFi coins in terms of utility, it is not popular among investors. Therefore, experts say COMP will likely dip and trade for $50.50 by March because it may take time before COMP gets market attention again.
Learn more about Borroe Finance here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
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