Ethereum Will Witness a Robust 2024; Injective and Borroe Finance Chase High Profits

Ethereum is the biggest altcoin, with a crypto market cap of about $223.3 billion. It is also often seen as the silver to Bitcoin’s gold and is expected to run well in 2024. Different reasons back up this expectation. Some other altcoins like Borroe Finance ($ROE) and Injective (INJ) also aim for and project high profits in 2024.

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Can ETH Hit $4000 in 2024?

Rallying by over 85% in 2023 despite the bearish conditions of the space, Ethereum forecasts say it might exceed $4000 in 2024. A significant reason for this prediction is the expected spot-bitcoin ETF approval. This is because the approval of the Bitcoin ETF will set a precedent for the ETH ETF approvals expected by Q2 and Q3 of 2024. This expected approval will also serve as a factor for the continual rise of the Ethereum price.

Another factor is the Merge, the beginning of which would introduce the sharding on the Ethereum blockchain by splitting the network into small, manageable shard chains. 

By introducing the sharding update, the Ethereum blockchain developers achieve the goals of crosslinking, increased opportunities for validators, and scalability. The Merge updates and the ETF are good enough catalysts to keep ETH bullish in 2024. As of this writing, ETH sold for $2,297.75.

The Over 200% Waiting at the End of the $ROE Presale

The steady climb towards completion of its presale has proven $ROE’s value in the crypto space. As the native token of the Borroe Finance project, the worthy value of $ROE is imminent.

Borroe Project presents an AI-powered ecosystem for Web3 creators to raise upfront cash flow through its instant funding model. Through Borroe Finance, the creators can mint NFTs to represent their future earnings and incomes. These NFTs are sold at a discount on the Borroe marketplace, where the Web3 creators and Web3 investors meet. The whole process is risk-assessed and managed by AI. This is an alternative to the incompatible traditional financing options for the Web3 creators.

The project team comprises members like Maxim Prishchepo, who has a wealth of experience in AI technologies and multi-billion-dollar blockchain projects, and Michael Price, the Chief Product Officer, who brings over 25 years of financial expertise. Coupling the project’s use case and the pedigree of individuals in the team with the successful smart contract audit by BlockAudit makes it obvious why investors have recognized $ROE as a token that belongs in their portfolio.

As of this writing, Stage 4 of the ongoing Borroe Finance Presale will be over in a matter of hours. The presale began at $0.0125 and is presently going for $0.0190. By the conclusion of the presale phase, $ROE will be going for $0.040, which is over 200% of the starting price.

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Injective and Expectations from its Volan Mainnet Upgrade

Injective Protocol is a blockchain protocol optimized for trading across blockchains. It is an open, interoperable Layer-1 smart contracts platform for decentralized finance applications.

By mid-December, INJ, the native token of Injective, completed a 3,000% rise in price in 2023, hitting $39.15. Analysts attribute this surge to the protocol’s combination of AI with DeFi. This allows decentralized apps (dapps) built on Injective to use AI algorithms to improve market efficiency and optimize user decisions.

Another factor that will raise the price of INJ in 2024 is the Injective Volan Mainnet upgrade, which, following acceptance of the proposal, will take place on January 11, 2024. With the promised capabilities, features, and improvements to follow the upgrade, INJ should chase and hit higher profits than it achieved in 2023. 

As of this writing, INJ sold for $42.62, up 16.0% and 125.1% on its 24-hour and 30-day charts, respectively. Just like INJ, $ROE is on a high-profit trail.

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