Per a recent update, Bitcoin (BTC) achieved a significant milestone as its buy and sell option attained a record high. Also, an analyst made a case for XRP (XRP) reaching the ambitious $100 range, mirroring the trajectory of a popular digital asset. Meanwhile, a new DeFi project, BorroeFinance, has appeared more promising and appealing, gaining deep-pocket investors’ attention.
Let’s discover the best cryptocurrency to invest in among these coins.
Bitcoin Options At A Record Position: What’s Next For The Flagship Crypto?
Deribit, a trading platform for digital asset options, disclosed an impressive revelation about Bitcoin (BTC) options on November 17. According to the report, the total nominal value for Bitcoin’s call and put options peaked at its all-time high.
As the record showed, the figures rose as high as $15 billion for BTC alone.
The current digits doubled its record at the end of September and exceeded its previous ATH of $14.36 billion, achieved in October 2021. Luuk Strijers, the commercial director at Deribit, commented on the feat Bitcoin (BTC) achieved.
Luuk expressed excitement about this achievement, stressing that this reflects growing enthusiasm for Bitcoin (BTC) options as an investment portal.
In response, BTC witnessed a slight push upward, increasing by 0.80%. This movement saw Bitcoin (BTC) rise from $37,064 to $37,359 between November 13 and November 19. In their Bitcoin prediction, experts noted that BTC is gunning for $37,500, indicating an anticipated 4.9% growth from the current price of $37,020.
Investors Tilt Towards BorroeFinance
An ongoing trend in the DeFi landscape involves investors shifting speedily towards BorroeFinance ($ROE). BorroeFinance is a top ICO project making waves in the DeFi landscape with remarkable dynamics. The rapid migration to BorroeFinance is due to $ROE’s impressive outlook and its ICO success.
BorroeFinance is a Web3-based marketplace for content creators in the Web3 sphere to trade their future earnings for cash. Businesses mint their future earnings or outstanding invoices as NFTs on the platform and sell them to loyal community members at subsidized prices. Buyers may also trade the discounted NFTs on secondary markets.
$ROE is the native currency of BorroeFinance. It is a Polygon-based token built with a deflationary mechanism. The projection of $ROE makes it one of the best cryptos to invest in for massive returns.
BorroeFinance is observing its presale, with $ROE trading at $0.015 in the second stage. Currently, $ROE is preparing for a 16.66% leap to the third stage at $0.0175. Also, new investors in $ROE will benefit from a 166.6% rally to $0.04 at the end of its presale.
Analyst Claims XRP Will Hit $100 Mirroring Bitcoin
In a November 18 tweet on the X platform, a crypto user answering under the pseudonym 24HRSCRYPTO shared his future projection of XRP. He claimed that XRP would undoubtedly clinch the $100 region, basing his argument on BTC’s past performances.
The analyst stated that Bitcoin’s ascension from $0.10 to its current price is sufficient evidence that XRP could achieve similar growth.
Moreover, he highlighted certain factors that could drive the price of XRP to $100, with the difference in network fees spearheading the list. He noted that Bitcoin’s network fees range between $10 and $35, which is very high compared to XRP.
Therefore, crypto traders would prefer XRP as its gas fees are lower.
Also, transactions on the XRP network are faster than on the Bitcoin network. Sometimes, Bitcoin network transactions take up to 48 hours before completion, while XRP’s are done instantly. These factors give XRP a better edge against Bitcoin.
Meanwhile, XRP dropped 5.45% from $0.661 to $0.625 between November 13 and November 19. Seeing its continued declining motion, experts believe XRP could soon dip to $0.60, marking a projected 1.23% decrease.
Learn more about BorroeFinance ($ROE) here:
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