While AvengerDAO published the BNB Chain 2023 security report, Avalanche (AVAX) sees outstanding developer growth. Unlike some hype-driven coin offerings, Borroe Finance ($ROE) experiences a massive surge in presale interest. However, Binance Coin (BNB) and AVAX have faced a downturn in the recent market. Let’s delve deeper to know more.

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Borroe Finance Gains Ground With Soaring Interest

With an excellent surge in presale interest, Borroe Finance has already racked up $2.67 million since its debut. The number keeps on increasing as Borroe Finance is on the verge of selling more than 250 million $ROE tokens.

The new project on the Polygon blockchain, Borroe Finance has been making significant strides in the CrossFi arena. At the core of Borroe Finance lies its governance tokens, $ROE, which deploys liquidity lock mechanisms and token burn strategies.

Borroe Finance, one of the new DeFi Projects, has already become the crowd’s favorite with its innovative approach to the crowdfunding process in Web3 space. Moreover, Borroe Finance deploys cutting-edge AI, NFT, smart contracts, and blockchain technology to carry out efficient financial solutions.

At the moment, $ROE is priced at $0.019 at Stage 4 of its presale. Get ready for the upcoming stage of $ROE. Once the presale ends, $ROE will touch a whopping price of $0.040. This $ROE price will give 300% to early birds.  

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BNB Smart Chain 2023 Security Report Published

AvengerDAO published the BNB Smart Chain 2023 security report on January 22, 2023. The report revealed losses incurred on BNB Smart Chain in 2023 reached over $161 million as compared to $1.1 billion in the past year.

With this news, BNB made a short progress, driving an uphill from $306 to $321. However, BNB took a quick reversal from the $320 mark, threatening a deeper correction for short-term investors. Likewise, BNB again waned down to $295 on January 23, representing an 8.01% drop. This BNB price drip started a sell-off in the market, enhancing a bearish trend.

According to Elliot Wave Theory, BNB was in the fourth wave of a five-wave upward movement. Hence, this BNB’s fourth wave has formed a symmetrical triangle, prompting an imminent breakout. 

Analysts say if BNB successfully breaks above its resistance, it could find its next resistance at $360. On the flip side, BNB might plummet to $280. This triggers investors to gaze their eyes on a new emerging crypto, $ROE.

Avalanche Developer Community Experiences Growth

As per ElectricCapital’s report on January 22, 2024, Avalanche has made a significant surge in overall developer count. The report revealed that Avalanche was consistently ranked above the benchmarks, with an explosive 500% growth in developer count in 2023.

Despite the positivity surrounding the Avalanche developer community, AVAX has seen a downtrend since the end of December 2023. AVAX continued to trade under bearish pressure. In a recent Avalanche price analysis, the bulls failed to break out of the resistance at $35.15, dropping AVAX price below its support level. 

Following this, Avalanche's price traded sideways, prompting a cool-off in AVAX’s price. As of January 23, AVAX was trading at $27.95, a massive 11% fall over the past 24 hours. Therefore, technical indicators suggest a negative outlook for Avalanche. 

Moreover, the AVAX’s RSI also fell to the oversold region. Yet, experts say if bulls bring Avalanche’s momentum, AVAX will attempt to reach $40.61 in the coming months.

Learn more about Borroe Finance ($ROE) here:

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