Polygon (MATIC) Faces Challenges Amid Binance Delisting
Polygon (MATIC) is currently experiencing challenges after Binance’s announcement of delisting its perpetual contracts. Coinglass, a blockchain data analytics platform, has reported a contraction in the Polygon (MATIC) derivative trading market since mid-July. Between July 14, 2023, and August 14, 2023, Polygon’s (MATIC) Open Interest dropped by 28%, going from $187 million to $134 million.
Binance’s announcement to delist and update the leverage & margin layers of MATICBUSD perpetual contracts, effective from August 17, has led to Polygon (MATIC) investors rushing to close their positions. This sudden movement could potentially lead to significant price swings, raising concerns about Polygon’s (MATIC) price stability.
The negative social sentiment following the Binance delisting has further impacted Polygon’s (MATIC) market outlook. Given these circumstances, experts suggest that Polygon (MATIC) may not be the most favorable cryptocurrency to invest in at the moment. Analysts predict a potential further decline in Polygon’s (MATIC) price, reaching around $0.6455 by the year-end.
Hedera (HBAR) Thrives with FedNow’s Integration
Hedera (HBAR) has witnessed a positive surge after Dropp, a micropayments platform powered by Hedera (HBAR), was added to FedNow’s “showcase” list of tech solutions for the Federal Reserve’s payment service. Dropp supports micropayments in Hedera (HBAR), the U.S. dollar, and Circle’s USDC.
This integration with FedNow has contributed to Hedera’s (HBAR) price increase of nearly 50% since mid-June and a market cap exceeding $2.1 billion.
According to Messari, Hedera’s (HBAR) average daily active accounts have seen a 288% year-to-date surge, rising from 3,500 to 13,500 by Q2 2023. Additionally, there has been a 340% increase in new Hedera (HBAR) accounts created daily on average during the same period. The adoption of Hedera (HBAR) has been accelerated by the popularity of Karateka non-fungible tokens (NFTs).
Analysts anticipate Hedera (HBAR) to continue its rise, potentially reaching $0.0675 by the end of August. These positive developments make Hedera (HBAR) a promising cryptocurrency to consider for investment.
Borroe ($ROE): A Strong Contender in Web3 Developments
Borroe ($ROE) stands out as an AI-powered funding platform that offers content creators and Web3 users a unique way to quickly generate accessible funds. It allows users to sell future earnings derived from royalties, subscriptions, and invoices to their active communities.
Unlike traditional funding systems struggling to align with Web3 principles, Borroe ($ROE) seamlessly embraces the new paradigm. It offers a platform for businesses to secure funds through NFTs representing future or pending invoices.
The creation and trading of discounted invoice NFTs establish a peer-to-peer ecosystem, enhancing accessibility in secondary markets. Through the integration of blockchain technology, AI risk assessment, and efficient payment solutions, Borroe ($ROE) ensures a streamlined and secure fundraising process.
Having delivered a remarkable 25% profit from its $0.010 Beta Stage price to $0.0125 in Stage 1, Borroe ($ROE) displays significant growth potential. Future projections indicate that the token may reach a value of $0.015 in the next stage.
Furthermore, Borroe ($ROE) promises an impressive 300% profit from the initial price, aiming for a valuation of $0.040 at the end of the presale. Given this substantial growth potential, Borroe ($ROE) emerges as a top cryptocurrency investment opportunity.
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