Arbitrum (ARB) survived the recent DeFi holocaust, and analysts have confirmed the strength of Arbitrum’s (ARB) ecosystem. Also, Bitcoin’s (BTC) dominance has increased following investors’ need for safety during this bearish cycle. Currently, the most reliable token for ROI in Q3 2023 is Borroe ($ROE). The platform sold over 8 million tokens in its first presale stage.
Arbitrum (ARB) Stands Strong Despite DeFi Shrinking
Analysts at JP Morgan led by Director Nikolas Panigirtzoglou recently said that the threats posed by Curve Finance’s exploit in late July have been contained.
Panigirtzoglou also noted that the Defi space is shrinking following this event. However, platforms like Tron, Optimism, and Arbitrum (ARB) are doing well. According to Curve Finance founder Michael Egorov, Arbitrum’s (ARB) $113 million tricrypto liquidity pool was safe from the attack.
In addition, Tron founder Justin Sun also said that Arbitrum (ARB) and Optimism had seen a rise in total value locked (TVL) since the exploits in July. However, Arbitrum (ARB) remained relatively stagnant in the first week of August, and the token lost 2.48% in the last seven days.
Bitcoin (BTC) Falls Before $29,000 Support in August
The US SEC has accepted proposals for spot Bitcoin (BTC) exchange trust funds from Blackrock and other major financial institutions. As the crypto industry anticipates the decision of the SEC, Bitcoin (BTC) whales have returned to the market.
Data from Coinmarketcap shows that Bitcoin’s (BTC) dominance has grown from $48.0% to $48.7% in the first days of August. The recent Curve Finance Fiasco is responsible for this increase as investors look for reliable coins to hold.
After struggling at $29,000 support for most of July, Bitcoin (BTC) fell below the support level when it traded at $28,805 on August 1, 2023. However, Bitcoin (BTC) gained 3.99% and quickly rose to $29,955 in less than 48 hours, almost breaking the $30,000 resistance.
Investors Back Borroe ($ROE) to Succeed After Platform Raises $250,000
Borroe ($ROE) is an AI-powered funding marketplace that allows web3 participants and content creators to generate instant cash.
On Borroe ($ROE), web3 businesses can turn their future subscriptions, royalties, invoices, and digital payments into NFTs and sell them at discounted prices to supportive communities. Borroe ($ROE) incorporates AI risk assessment into its protocol to ensure a straightforward and secure fundraising process.
Borroe ($ROE) attracted crypto investors a week ago after the platform sold 25 million tokens and raised $250,000 within five days. Borroe ($ROE) is trading for $0.0125, and the token is in its first presale stage. Borroe ($ROE) will hit the mainstream crypto market and sell for $0.0400 when all presale stages conclude. This price action will deliver a massive surge to early Borroe ($ROE) investors.
Learn more about the Borroe ($ROE) presale here:
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