Bitcoin Under $70K as Gold Hits Record Highs, Shiba Inu Grows, Spurring Render Rival’s Rise

It’s been an eventful past few weeks in the crypto community. Bitcoin, the chief of all cryptocurrencies having set a record all-time high in early March has caused many investors and BTC holders to gain massive profits. 

What’s more interesting is that Bitcoin and Gold hit the high records on the same day. However, since March ending till early April, Bitcoin dropped drastically from $73,000 to below $66,000. It has ever since been struggling and still has not reached $70,000.

In other news, Shiba Inu has been proving to be one of the best crypto to invest in among other community-driven memecoins. $SHIB’s performance also unveiled a new AI crypto coin, rivaling Render, called Borroe Finance ($ROE). This newcomer has not only been having a good run but has also been on the radar of investors as one of the best crypto to invest in now.

Borroe Finance: The Rising Star

Borroe Finance is a new project that aims to revolutionize the traditional financial system with the integration of blockchain and Artificial intelligence (AI). This platform focuses on using the strength of web3 to disrupt the current financial system and create a modern system. It leverages the combination of the power of blockchain and AI including smart contracts, AI-powered risk assessments, encryptions, privacy, security, etc. to streamline the fundraising processes. This helps to create faster transaction speed and shorter approval times. 

Also, on the Borroe Finance marketplace, there is a peer-to-peer ecosystem that enables content creators, businesses, and artists to sell popular NFTs to access instant cash. They can access this cash upfront by selling future revenues such as royalties and subscriptions. This makes Borroe Finance one of the top DeFi coins in the market.

See also  Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report

Borroe Finance ($ROE) is currently at the final stage of its presale having raised over $3.6 million with over 63% of the projects sold. Also, the $ROE token is currently selling at $0.02, which indicates the potential profitability of the coin as that would make it 100% ROI from the beta stage when it was selling for $0.01.

Analysts have predicted that Borroe Finance will have a very high adoption as it gets ready to launch and will be listed on DEX (Decentralized Exchanges).

Bitcoin Still Trailing under $70k after Hitting a New Record with Gold

On the 5th of March, Bitcoin broke a record of its all-time high, which was previously $69,000, set on 9th November, 2021 and reached a height of over $73,000. At the same time, Gold also recorded a new record high having risen by 5% in one week. However, according to Fxstreet, there is still room for gold to increase even more.

However, the past few days have not been so jolly for Bitcoin as it began to decline around the end of March, after which it rose again. However, since April 1, it dropped below $70,000 again and has been struggling ever since to move up again. 

The market’s next significant barrier, at $73,500, is where a reversal might drive the price of Bitcoin back to its peak of $73,777. There would be a more robust bullish zone between $74,000 and $75,000 above this mark. 

However, a drop below $68,500 would be a short-term bearish indicator and might drive the price of Bitcoin down to $63,500, giving late-bought bulls a chance to buy before the halving.

See also  Zircuit’s TVL Surpasses $2 Billion Ahead of Summer Mainnet Launch

Shiba Inu Continues to Grow

Shiba Inu, the second-largest meme coin, has demonstrated a performance that is nothing short of impressive so far this year. According to Coingecko’s data, it has risen by 250% in the past several weeks. This impressive growth has also caught the attention of investors and enthusiasts as the popularity of the coin on Google Trends has hit its peak since its early glory days in late 2021. $SHIB, Shiba Inu token is predicted to reach $0.01 by Q3 of the year.

Conclusion

At the moment, Bitcoin is having a small setback which analysts believe is only for a short period. Shiba Inu continues to perform well as it rises to the top of the defi crypto list. Borroe Finance, a new AI coin has also begun to challenge its predecessors like Render, offering investors an alternate option.

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *