The recent crash in the crypto market has given investors another opportunity to dive into various new and existing DeFi projects before the next step. As such, experts have identified some tokens worth investing in to earn considerable windfall profits. They include Filecoin (FIL), Arbitrum (ARB), Avalanches (AVAX) e Borroe Finance ($ROE).
Let's find out why experts chose these altcoins amidst the market turmoil.
Filecoin Liquid Staking Protocol Under Chinese Police Investigation
Filecoin’s FIL net staking protocol , STFIL, was attacked at the hands of Chinese police on April 9 after some members of its technical team were forcibly incarcerated. As a result, Filecoin (FIL) tokens staked on the platform were relocated to a different address outside of their control. However, the Filecoin Foundation decided to investigate the situation after the community expressed concerns about the staked FIL tokens.
STFIL Protocol disclosed the situation via a tweet on April 9, informing the Filecoin (FIL) community that lawyers have been hired to provide legal assistance to its detained technical team. The address containing the staked FIL tokens contains 2,56 million Filecoins valued at $23 million. The Filecoin Foundation has assured the community that the seized FIL tokens will be recovered by any means possible, although it may take a while.
Filecoin (FIL) fell 40,7% from $9,30 to $XNUMX 5,51, between April 9th and 14th . With the intervention of the Filecoin Foundation, FIL stakers are optimistic about recovering their seized tokens. However, experts believe that the continued market decline will push the FIL price lower, with a target of 9,2% to $5,00, allowing investors to purchase the token at an even cheaper rate.
Arbitrum hints at a possible return
The recent Bitcoin-led attack caused the main altcoins, like Ethereum (ETH) and its layer 2 token, Arbitrum (ARB), lost a significant part of their market values. However, Arbitrum (ARB) remains robust despite the dump, with its market cap at $3,8 billion. With ARB falling to $1,00, a price level last seen on December 1, and sellers tapering off, experts believe it is time for a bullish reversal.
The Relative Strength Index indicator reinforces this sentiment by showing Arbitrum (ARB) rising from oversold territory. Furthermore, the MACD line, which has been trending below the zero line for some time, has started to converge upwards. These indicators suggest that Arbitrum (ARB) bulls could spring into action soon.
Meanwhile, Arbitrum (ARB) lost 34,6% of its market value, falling from $1,56 to $1,02. The drop is due to the general state of the market. However, experts believe that Arbitrum (ARB) could be a good cryptocurrency to buy before the next rally, projecting a further drop of 16,6% to $0,85 for investors to buy it at a lower price.
Avalanche Total Locked Value Rises Amid Falling Prices
DeFillama , an on-chain intelligence resource, revealed that the total value locked of AVAX in blockchain Avalanche increased. The news comes at a time when the Avalanche (AVAX) takes a big hit with the continued decline in the crypto market. According to DeFiLlama, Avalanche (AVAX) now accounts for a TVL of $1,164 billion, surpassing its highest values on November 10, 2023 .
Following the April 11 reveal, market participants began to hypothesize the possibility of Avalanche (AVAX) rising back to $50,00. As the chart reflects, Avalanche (AVAX) continues to sink due to increased selling pressure on the asset.
However, the Relative Strength Index (RSI) shows that Avalanche (AVAX) currently remains in the center of the overbought and oversold regions at 48, suggesting that a move by bulls could transition AVAX into the former's stronghold.
Avalanche (AVAX) fell from $49,87 on April 9 to $33,80 on April 14, indicating a 32,2% drop in value. With the current market condition, Avalanche (AVAX) is expected to fall further to $30,10. This projected decline of 10,9% will allow investors to buy Avalanche (AVAX) at a lower rate for more gains.
Borroe Finance prepares for a rally after raising $3,8 million
Recent market data shows that Borroe Finance ($ROE) is gearing up for a raise after securing $3,7 million in pre-sale financing. The numbers represent how much investors invested in the Borroe Finance ($ROE) until now in its pre-sale. Rising digits indicate that an increase in the price of new ICO coin is ongoing.
Borroe Finance emerged as a provider of solutions to the financial setbacks of Web3 participants. Its focus is on creating multiple income streams for Web3 users. Some of these sources of income in Borroe Finance include its AI funding marketplace for discounted NFT trading, pre-sale of $ROE and its DeFi protocol.
Cryptocurrency investors benefited from pre-sale by Borroe Finance , earning 100% on your capital after o $ROE went from US$0,01 to US$0,02. They see another 25% gain when Borroe Finance ($ROE) reaches US$0,025, its listing price DEX After its listing on the stock exchange, experts project that Borroe Finance ($ROE) reach unprecedented levels and that early investors accumulate maximum profits.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance presale | Join the Telegram group | Follow Borroe Finance on Twitter
