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There are three cryptocurrencies that investors are keeping an eye on in the race to $1: XRP, Borroe Finance (ROE), and Hedera (HBAR).
Let’s explore each.
XRP trading volume spikes: what’s next?
XRP trading volume increased to $2 billion on Jan. 1, 2024. Still, investors are not interested due to low volumes and stagnant prices.
As of Jan. 3, XRP was trading at $0.62, facing resistance at $0.65.
It is currently positioned at the end of a descending triangle. A break out above immediate resistance may catalyze demand.
Experts believe XRP may struggle to reach $1.00, but $0.70 is likely for now.
Borroe Finance drawing investors
Borrow Finance has the potential for real-world use and growth.
With a unique approach to invoice financing and an AI-powered funding marketplace, Borroe Finance has already raised over $2.29 million by selling more than 201 million ROE.
By the end of the presale, ROE will be trading at $0.040, up 128.5% from the current stage.
Analysts predict that ROE will exceed $1 after listing on mainstream exchanges.
Hedera announces “The HBAR Foundation 2024 Strategy” event
Hedera announced an event on Jan. 4 to discuss their progress and plans for growth in 2024.
HBAR, its native currency, rose 51.25% in December and is trading at $0.093 when writing.
The current uptrend points to solid buyer support.
Technical analysis shows that the coin can break higher.
So far, experts say HBAR can reach $0.10 in January 2024.
Despite this outlook, the coin has a long way to go to reach $1.00.
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Source: https://crypto.news/race-to-1-will-xrp-borroe-finance-or-hedera-succeed/