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Shiba Inu (SHIB) and Dogecoin (DOGE) are popular meme coins, attracting investors seeking a well-rounded crypto portfolio. However, a newcomer, Borroe Finance (ROE), is attracting investors, having raised over $1.9 million in the ongoing presale.
SHIB burns spark discussion
On Dec.15, DaVinci, the admin of Shiba Inu’s Discord channel, addressed community questions regarding the delayed SHIB burn.
According to a Telegram post on Shibarium, DaVinci assured that the planned burn of 25 billion SHIB could still occur at any time, emphasizing the developer team’s dedication to organizing the burns.
Despite the delay, SHIB rose 3.37% in the second week of December.
On Dec. 9, SHIB was trading at $0.00001016, and a week later, it surged to $0.00001054.
Analysts attribute SHIB’s positive performance to renewed investor interest in meme coins.
The bullish trend is expected to continue, with SHIB projected to trade at $0.00001590 by Q1 2024.
Borroe Finance: bridging short-term liquidity gap in web3
Due to its decentralized structure, traditional financial institutions often hesitate to embrace the web3 industry.
To bridge this gap, developers introduced Borroe Finance, an AI-powered fundraising platform.
Borroe Finance facilitates easy access to short-term liquidity for web3 businesses, allowing them to convert future earnings into NFTs and sell them at discounted prices.
Currently, ROE is in its third presale stage, available at $0.0175.
Following the presale, ROE will list on major crypto exchanges at $0.04.
Analysts anticipate a substantial 128.6% surge in 2024, offering early ROE significant returns.
Furthermore, predictions indicate rapid market adoption, with ROE potentially reaching $0.1750 by December 2024.
Dogecoin rose double digits in Q4 2023
Earlier this year, the Dogecoin Foundation pursued trademarking the name “Dogecoin” to establish it as a patented asset.
The application was submitted to the United States Patent and Trademark Office (USPTO).
However, a leaked USPTO email dated Dec. 13 revealed that the application was dropped due to a lack of action and follow-up from the Dogecoin Foundation.
Despite this development, DOGE has maintained its market strength in Q4 2023.
On Nov. 16, DOGE was trading at $0.07928.
It then rose 19.10% within a few weeks, reaching $0.09422.
Analysts anticipate a general crypto market bull run in Q1 2024, driven by potential approval for spot Bitcoin ETFs.
DOGE will likely surge alongside top altcoins, potentially trading for $0.14550 next year.
Learn more about Borroe Finance here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on X
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Source: https://crypto.news/investors-exploring-shiba-inu-and-dogecoin-alternative-new-crypto-project-in-focus/