In a recent move, the decentralized exchange platform MilkWay launched a liquid staking protocol on the Celestia (TIA) blockchain. At the same time, the spotlight appears on two whales supposedly responsible for the most recent surge in the price of Arbitrum (ARB). Also, Borroe Finance ($ROE) is warming up for a rally that could overshadow other new DeFi projects.
Which of these top crypto coins should investors watch out for? Let’s explore.
MilkWay Unveils Liquid Staking Protocol on Celestia
During an announcement on December 18, prominent decentralized exchange firm MilkWay revealed it had launched a liquid staking protocol within the Celestia (TIA) ecosystem. The deployment of a liquid staking protocol on Celestia will enable users to stake TIA in exchange for MilkTIA. This strategy aims to establish a more efficient method of raising capital instead of using the conventional staking process.
Celestia (TIA) is a modular blockchain and storage provider for layer-2 networks. This capability makes Celestia the perfect blockchain for layer-2 networks to build on while attracting developments to their respective protocols. Following MilkWay’s staking protocol debut, TIA experienced an upside nudge.
Per market data, Celestia (TIA) rose 9.37%, soaring from $12.71 to $13.90 between December 18 and December 24. This price action showcases the potential impact of developments as such on networks like Celestia (TIA). Experts noted that TIA will record further upswings, possibly a 7.9% increase to $15.00.
Borrow Finance Set To Soar Higher As Funds Raised Hit $2 Million
Due to the substantial rate of $ROE adoption, Borroe Finance has gained over $2 million in funding. As a result, Borroe Finance ($ROE) is more than 88% into its current presale stage, an indicator that $ROE is on the brink of another price increase. Considering this projection, market players are rapidly gravitating towards Borroe Finance ($ROE) to benefit from its impending surge.
Borroe Finance is a nascent invention in the decentralized finance landscape, posing as a marketplace for creators to trade future earnings, consisting of outstanding invoices, subscriptions, and royalties.
As one of the top DeFi projects, Borroe Finance is rapidly revolutionizing fundraising processes, allowing businesses and individuals unlimited access to funds. Its concept creates a peer-to-peer ecosystem for users, allowing users and buyers to sell discounted NFTs acquired from creators on secondary markets.
$ROE is trading at $0.0175 in the third stage of its presale, with the Borroe Finance token gearing up for a push to the next stage. Meanwhile, the current projection of Borroe Finance sees $ROE rising 128% to the final stage price of $0.0400, making $ROE the best crypto to invest in amid its presale.
Whale Purchase Triggers Arbitrum Surge
Arbitrum (ARB) experienced an impulsive 25% increase on December 23, during which ARB moved from $1.15 to $1.44. This surge sparked curiosity among market players eager to discover its catalyst. Investigating the price move has brought to light two entities responsible for the rally.
The first entity, Amber Group, had reportedly acquired 1.51 million ARB tokens valued at $2.07 million from Binance on December 22. Similarly, a whale under the pseudonym 0x0db purchased 2.91 million ARB worth $3.53 million on the same day. Typically, substantial accumulation of a digital asset significantly impacts its price, as seen in the case of Arbitrum (ARB).
In the same week, spanning from December 18 to December 24, Arbitrum’s price ranged between $1.10 to $1.37, indicating a 25% increase in the price of ARB. Experts have voiced their predictions of Arbitrum (ARB) for the coming weeks. According to them, Arbitrum (ARB) will leap as high as $2.00 in the days ahead, representing a 45.9% potential growth.
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