Altcoins
MATIC Poised to Erase 2023 Losses as Polygon-Based Altcoin Shows 50x Potential
Polygon (MATIC) has seen exceptional performance thanks to skyrocketing NFT volume and an increase in active addresses. Additionally, the Polygon-powered altcoin called BorroeFinance ($ROE) presents notable potential as it could be multiplied by 50 as it emerges as a catalyst for Web3.
BorroeFinance seeks to take Web3 to the next level
As Web3 becomes a billion dollar industry, BorroeFinance ($ROE) got the ball rolling as one of the best DeFi projects who intends to break down barriers in this sector.
As an AI-driven peer-to-peer (P2P) ecosystem, BorroeFinance changes the odds of success in Web3 by tackling the funding challenge that most businesses, artists, and content creators typically face.
Specifically, BorroeFinance acts as a new NFT marketplace powered by the Polygon network that connects buyers and sellers for revenue. Web3 players are able to create a fractional NFT, which represents their invoices which they intend to use as collateral for an upfront payment.
Then, the NFT is put up for sale on the BorroeFinance market, and this is how immediate liquidity is collected, making the network one of the best crypto coins which investors should watch closely.
Investors are already jumping on the subject BorroeFinance bandwagon, given that the network governance token is considered $ROE is experiencing a buying frenzy.
For example, more than $1.45 million was raised at BorroeFinance‘s pre-sale, the current level being stage 2 where $ROE East retail at $0.015. Early adopters are already smiling all the way to the bank, thanks to a 50% increase over the beta phase, where $ROE was selling for $0.01.
From BorroeFinance offers real utility, it appears as one of the altcoins to watch because the ecosystem deploys NFTs, blockchain technology and artificial intelligence (AI) for improved satisfaction rates.
SO, BorroeFinance enjoys a competitive advantage based on various factors, such as instant financing, ideal investment opportunities and favorable transaction fees, making it a good crypto to buy today.
MATIC shows signs of stability
Polygon recently eradicated its sluggish growth thanks to various metrics, such as an increase in the number of active addresses and a rise in NFT trading volume.
As a result, MATIC showed remarkable stability, as shown Messari data.
For example, daily active addresses jumped 1.6% to 364,000 at the close of the third quarter. This number stood at 359,000 at the end of the second quarter.
On the other hand, NFT volume on the Polygon network jumped by 50%, as shown by Messari data.
Therefore, these factors were instrumental in allowing MATIC to record a monthly gain of over 22%, according to CoinGecko data.