Comparing a New Cryptocurrency's Market Potential Against Established Coins like BNB and Cardano

According to a recent update, Borroe Finance ($ROE) has reportedly raised $2 million in the third stage of its public presale, indicating the success of this phase. Meanwhile, Binance Chain's newly suggested proposal has sparked concerns about its potential impact on BNB (BNB). 

Also, a crypto analyst claimed Cardano (ADA) is on the verge of a decline based on conclusions from a market indicator. Considering these developments, market players are curious about how $ROE compares to the top altcoins, BNB, and ADA.

Can Borroe Finance ($ROE) match up to these top crypto coins? Let's find out!

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Borroe Finance Prepares To Enter Its Fourth Presale Stage

Borroe Finance ($ROE) is now gearing up to enter the fourth stage of its presale, having completed 80% of its objective for the third stage. Its quick advancement through each stage showcases the support Borroe Finance ($ROE) is getting from market players. This unrepressed commitment to the platform is fueled by its upside potential.

Borroe Finance is a platform for Web3 businesses needing funding to raise funds from selling outstanding invoices at discounted prices. It offers a seamless and straightforward fundraising process, fostering a peer-to-peer ecosystem for users. As a Web3-based project, Borroe Finance ($ROE) adopts the principles of Web3, incorporating transparency, inclusivity, and decentralization.

Borroe Finance has set a convincing precedent through its projection for $ROE, making it the best cryptocurrency to buy. Currently, $ROE is trading at $0.0175 in the third stage of its presale and preparing for a 14% rally to the fourth stage at $0.02. Given its presale performance, Borroe Finance ($ROE) could compete with established players like BNB and Cardano (ADA).

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BNB Chain Submits New Proposal That Could Impact BNB

Binance Chain submitted a proposal to Venus Forum on December 16 regarding actions to be taken against the BNB bridge exploiter. The proposal seeks to liquidate all the exploited assets, including USDT and USDC, while reducing BNB's liquidation. The passage of this proposal could significantly impact the price of BNB.

The proposal seeks to empower BNB Chain to take control of the collateral from the exploiter of the BNB Bridge, allowing the repayment of debts without resorting to the market liquidation of BNB. 

It outlined a strategy to prudently decrease the exploiter's debts and potentially tackle the deficit in the Venus Protocol by utilizing the funds obtained from the exploiter. The proposal additionally stated that, as of December 11, the exploiter's account contained 630,240.00 BNB as collateral, with borrowings of 58,440,000 Tether [USDT] and 37,440,000 USD Coin [USDC].

Given that the purpose of this proposal is to diminish liquidation, it could positively impact the price of BNB as less liquidation attracts low volatility. Meanwhile, BNB fell from $239.80 to $238.80, shedding a meager 0.42% of its market value between December 11 and December 17. With BNB exchanging hands at $241.70, experts believe the Binance coin is en route to $250.00, indicating an anticipated 3.43% increase.

Analyst Claims Cardano Is Forming A Bearish Outlook

On December 15, a crypto analyst on the Austin Hilton YouTube channel voiced a bearish sentiment for Cardano (ADA) in the near term. The analyst premised his conclusion on the result of the Elliott Wave Analysis. Elliott Wave Analysis is a technical approach that anticipates forthcoming price actions through the recognition of recurring wave patterns within market trends.

The analyst established that Cardano (ADA) is presently undergoing wave C within a broader corrective pattern, subsequent to an unfinished wave B peak. It is observed that ADA is closely mirroring the general market's decline, aligning with Bitcoin and initiating a bearish scenario. Although not entirely confirmed at this point, the analyst indicates that ADA's local peak is probably already attained.

Based on market data, Cardano (ADA) is down 2.42% from $0.594 to $0.580 between December 11 and December 17. The Austin Hilton analyst expects Cardano (ADA) to revisit $0.540, given its current bearish outlook. Per this forecast, the Cardano coin is anticipated to shed 6.9% of its market value.

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