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Despite the Bitcoin Dip, Toncoin, Fetch.ai, and Borroe.Finance Thrive
As observers watch the waves created by the price movement of the pioneer cryptocurrency, Bitcoin (BTC), and the latest dip it experienced, certain altcoins like Toncoin (TON), Fetch.ai (FET), and Borroe.Finance ($ROE) have kept hope alive with their thriving trends.
Toncoin (TON) 7-Day Price Movement
Toncoin was created in 2018 by the founders of the Telegram instant messaging application. It was supposed to be a cryptocurrency for Telegram, but the U.S. Securities and Exchange Commission (SEC) has made life difficult for the token.
However, after the TON’s failed integration into Telegram, other developers took it up and pushed it forward, and an open-source community backed it.
Having evolved from the intended use case to a multi-chain project, it is presently an ecosystem that provides decentralized storage, a domain name system, and an anonymous network.
Holders of TON also use it for transaction fee payments, and it plays a role in the security of the blockchain via staking. Away from the coin’s history and onto its price journey, a green path is apparent despite the market’s uncertainty.
According to available data, TON has posted a 7-day winning streak as of the time of this writing, as its price has increased by 24.47%, from $1.54 to $1.91 in the last seven days. The token’s market cap also grew by $1.29 billion.
While its all-time high (ATH), $5,29, was hit back in November 2021, Toncoin’s high level of development presents it as a solid project that appeals to investors and traders.
Fetch.ai Gain’s Momentum
Fetch.ai was founded in 2017 by Humayun Sheikh, Thomas Hain, and Toby Simpson as a decentralized machine learning platform for applications.
The project seeks to unite the power of blockchain and AI to give access to AI and Machine Learning models. Fetch.ai’s native FET token is an Ethereum ERC-20 asset. It powers the Fetch ecosystem, an open platform where users can build, deploy, and monetize AI apps, integrations, and services, among other activities the platform empowers.
While the current price of FET is a long way from its ATH of $1.20, which it hit in Sept. 2021, the price chart in the past 7 days leaves a positive green flow that gives a great view compared to the dip of many cryptocurrencies on the market today. Rising by 27.45%, the price of FET moved from $0.207364 to $0.264416.
With an aim to decentralize and automate transactions on the web and increase access to AI in the future, Fetch.ai apparently has great dreams for FET to grow in relevance as the years roll by.
Borroe.Finance ($ROE) Presale Attracting Capital
The incomplete adoption of cryptocurrency into the mainstream and the recent run-ins with regulators keep many investors wary of joining the crypto landscape.
This tentativeness, however, is far from the ongoing initial coin offering success by Borroe.Finance ($ROE). Currently, at the first stage of its presale, $ROE has raised over $750,000.
With Michael Price and Maxim Prishchepo as the team leaders, Borroe.Finance and its native $ROE token are set to change the funding narrative for Web3 businesses.
By powering the Borroe marketplace built for Web3 businesses, where they can convert and sell future recurring revenues in the form of NFTs into upfront cash, the deflationary token carves space for itself and its holders.
This fact is evident in the progress of the presale journey: after experiencing a quick and successful Beta phase that lasted just five days, Stage 1 of the $ROE presale is over 75%, concluded at a current price of $0.015.
The decision by the SEC to delay applications for Bitcoin spot ETFs for an additional 45 days is believed to have put additional pressure on cryptocurrencies to maintain green lines and pushed BTC below the $26,000 mark. However, as TON, FET, and $ROE strive to not just stay afloat but thrive, all hope is not lost as the cryptocurrency ecosystem awaits the bulls to return soonest.
Disclaimer
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