Bonk (BONK) delivered one of the highest ROIs to investors in Q4 2023. However, the Solana-based meme coin went bearish, and investors are now looking for new options. On the other hand, Polkadot (DOT) stayed bullish thanks to positive ecosystem developments. Right now, investors are focused on Borroe Finance ($ROE) and have already raised over $2.1 million for the platform. Keep reading to see what experts think about these tokens.
Bonk Goes Bearish in Late December
Solana-based meme coin Bonk emerged as one of the best crypto investments in Q4 2023 after hitting a new ATH on December 15. Bonk also surpassed Polkadot, Dogecoin, and Shiba Inu by trading volume on December 26. However, Deep Cipher, a crypto expert on X, recently said Bonk is a ‘ticking time bomb’ due to the volatile nature of meme coins. Cipher plans to keep accumulating till Bonk falls below the $0.00001005 support.
Bonk is on a bearish retracement, and the token lost 30% in the last week of December. On December 21, Bonk traded at $0.00001962. A week later, Bonk dipped and sold for $0.00001386. Experts say Bonk’s surge depends On Solana’s progress, and the token will record a significant price crash in Q1 2024 if Solana goes bearish. Furthermore, analysts say Bonk will likely fall to $0.00001125 in January 2024 based on the current price trend.
Investors Back $ROE to Deliver Triple-digit Surge in 2024
2024 is another year for you to research new high-utility tokens, invest in them early, and make a fortune. Borroe Finance is one of the new DeFi projects that has attracted savvy investors. Borroe Finance is an AI-powered fundraising platform that allows web3 businesses to raise instant cash by selling future earnings. To ensure the safety of the fundraising process, Borroe Finance incorporates AI risk assessment into its protocol.
Currently, $ROE is in its third presale stage, and the token is selling for $0.0175. When all presale stages conclude in 2024, $ROE will hit the mainstream crypto market and sell for $0.04. As a result of this bullish price movement, early $ROE investors will record a massive 128.6% ROI. Furthermore, experts predict that $ROE will record a quick market adoption, meaning the token will likely surge from and trade at $0.155 by July 2024.
Binance lists Polkadot for USDC Spot Trading
Earlier this year, Binance ended support for BUSD, leaving only USDT as the dominant stablecoin. To fix this exchange anomaly, Binance announced new trading pairs for USDC (a Circle-issued stablecoin) on December 27. As a result, Polkadot investors can now trade USDC for top altcoins using trading pairs such as ADA/USDC, MATIC/USDC, SOL/USDC, and DOT/USDC from 08:00 UTC on December 28.
Polkadot entered a bull run in December, and DOT eventually recorded a double-digit price surge in the last week of the year. On December 21, DOT traded for $7.23. Seven days later, DOT gained 18.16% and sold for $8.55. According to analysts, DOT will likely stay bullish in Q1 2024 due to the influx of new investors and the availability of broader trading options. Therefore, we expect DOT to trade for $10.50 by February 2024.
Learn more about Borroe Finance here:
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