Top altcoins like Ethereum (ETH) and Cosmos (ATOM) often record ecosystem growths during crypto bull seasons. The Q4 2023 crypto market surge threw ETH investors into FOMO mode, and ATOM surged after two major DeFi platforms merged on its chain. Similarly, investors are buying BorroeFinance ($ROE) for long-term ROI. Let’s delve in to see what experts think about these tokens.
ETH Investors Enter FOMO Amid Price Surge
On December 3, a top crypto analyst known as Ali on X revealed that Ethereum could be at the beginning of a massive bull run. The analyst made this conclusion after data from IntoTheBlock revealed that 5.85 million Ethereum wallets bought ETH when it sold between $1,900 and $2,100 in Q4 2023.
In addition, Ethereum’s open interest soared to $8 billion within this period and cemented the token’s place as the leader of the world’s best altcoins.
As a result of positive ecosystem developments, Ethereum recorded a double-digit price surge in December. On November 28, ETH sold for $2,010, and seven days later, ETH gained 11.34% and traded for $2,232 on December 5.
Experts say Ethereum investors are dealing with FOMO, and buying pressure will likely increase in the coming days. Hence, ETH will likely trade for $2,500 before the end of the year.
Investors Back $ROE to Deliver Massive ROI in 2024
Savvy crypto investors have predicted success for BorroeFinance in 2024, and they raised over $1.8 million to support this innovative new DeFi project. As a decentralized AI-powered fundraising platform, BorroeFinance allows web3 businesses to raise instant cash by selling future digital income. To ensure BorroeFinance’s safety, BlockAudit tested and verified the platform, meaning users are safe from exploits and cyberattacks.
$ROE is currently in its third presale stage, and the token is selling for $0.0175. After all presale stages end, $ROE will hit the mainstream crypto market and trade for $0.040.
Analysts say this $ROE price movement will deliver a massive 167% ROI to early investors. Furthermore, $ROE is poised to record a speedy market adoption in 2024, and the token will likely trade for $0.175 by July 2024.
ATOM Surges Amid DEX Merger
On December 4, Umee and Osmosis (two top DeFi projects hosted on the Cosmos Chain) announced a merger. Reports say the merge will reimplement Umee’s UX chain code on Osmosis, thereby combining the major features of the two networks.
Umee is a decentralized lending protocol, while Osmosis is a decentralized exchange, and experts say this merger will deliver a ‘DeFi hub’ for the Cosmos blockchain.
Cosmos is still bullish in Q4 2023, and ATOM gained 8.16% in the first week of December. ATOM traded at $8.96 on November 28, and one week later, ATOM surged and traded for $9.71 on December 5.
According to analysts, Cosmos recorded multiple ecosystem expansions in 2023, and ATOM will likely trade for $12.50 in Q1 2024.
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- Source: https://coinpedia.org/press-release/ethereum-and-cosmos-growing-savvy-traders-eye-an-emerging-cryptocurrency/
