Cardano

Solana

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
While Ripple’s legal battle with the U.S. SEC continues, Cardano (ADA) has made significant strides in the smart contract arena in early 2024. However, a new defi project, Borroe Finance (<a target="_blank" href="https://borroe.co/crn82" rel="noopener noreferrer nofollow">ROE</a>), has caught the attention of investors.
<h2 class="wp-block-heading" id="ripple-vs-u-s-sec-legal-battle">Ripple vs U.S. SEC legal battle</h2>
The SEC has requested a thorough examination of contracts to determine whether Ripple’s planned sales of XRP were in line with the court’s summary order.&nbsp;
In response, Ripple filed a Motion to File a Sur-Reply related to the SEC’s Motion to Compel on Jan. 24, 2024.
You might also like: <a href="https://crypto.news/ripples-top-lawyer-scrutinizes-secs-courtroom-defeats-during-gensler-tenure/" rel="noopener noreferrer nofollow"> Ripple’s top lawyer scrutinizes SEC’s courtroom defeats during Gensler tenure </a>
Meanwhile, XRP is under pressure, failing to break above $0.55.
As of Jan. 26, XRP was trading at $0.512, down 6.85% in the past week.&nbsp;
XRP needs to close above $0.55 for the uptrend to be valid. Losses below $0.45 might trigger a sell-off.&nbsp;
<h2 class="wp-block-heading" id="cardano-smart-contracts-skyrocket-in-2024">Cardano smart contracts skyrocket in 2024</h2>
The number of smart contracts deployed on Cardano spiked in early 2024.&nbsp;
Recent insights reveal that the number of V1 and V2 Plutus smart contracts was 14,379 on Jan. 1. As of Jan. 24, it was at 24,050, a 67% increase.
You might also like: <a href="https://crypto.news/cardano-releases-development-updates-ada-is-recovering/" rel="noopener noreferrer nofollow"> Cardano releases development updates, ADA is recovering </a>
ADA peaked at $0.66. On Jan. 26, it hit $0.47, a 20.33% decrease.&nbsp;
The red bars on the histogram of ADA’s MACD indicator indicate volatility, and the RSI signals a sell-off.&nbsp;
Experts predict it may drop to $0.43 if Cardano continues to struggle.
<h2 class="wp-block-heading" id="borroe-finance">Borroe Finance</h2>
<a href="https://borroe.co/crn82" target="_blank" rel="noopener noreferrer nofollow">Borroe Finance</a>&nbsp;is a web3 financing system on Polygon focusing on liquidity pools and dapps, using innovative technologies like AI, NFTs, and blockchain.&nbsp;
You might also like: <a href="https://crypto.news/analysts-predict-borroe-finance-xrp-and-injective-to-trend-higher/" rel="noopener noreferrer nofollow"> Analysts predict Borroe Finance, XRP, and Injective to trend higher </a>
Through its NFT marketplace, web3 businesses and content creators can generate instant cash flow.
It has raised over $2.7 million in ongoing presale. Presently, ROE is available for $0.0190.
Experts predict that ROE will rally once released on DEXs. The token will list for $0.040.
Read more: <a href="https://crypto.news/market-activity-lifts-polkadot-borroe-finance-and-solana/" rel="noopener noreferrer nofollow"> Market activity lifts Polkadot, Borroe Finance, and Solana </a>
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

XRP and Cardano struggling, Borroe Finance rallying in presale

Table of Contents

crypto.news

Other articles published on Jan 31, 2024

Tether posts $6.2 billion profit in 2023, reserves top $97 billion

Binance Listing Sentiment Sends This Solana Token up 158%

Ripple to unlock 1 billion XRP amid imminent February sell-off

Analysts Express Optimism for Momentum of Bitcoin ETFs in and Around Asia Following U.S. Approvals

Crypto market highlights as January 2024 markets close

NFTScan and Merlin Protocol Collaborate to Launch BRC20 Indexer Oracle, Officially Live Today!

Join our free newsletter for daily crypto updates!