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More Shiba Inu (SHIB) tokens are available on Robinhood after the introduction of Shibarium. People are getting excited about Borroe.Finance (ROE) because its token price is going up, especially during its presale.

Maker (MKR) is doing well, too, as there are discussions about a new blockchain. Investors are feeling positive about the future, thinking that Borroe.Finance might become one of the top altcoins in 2023

$280 Million SHIB Purchase Reflects Rising Demand

After the launch of Shibarium, the amount of SHIB in Robinhood increased by almost 70%. Data from Arkham Intelligence shows that Robinhood’s SHIB supply went up to 14 trillion SHIB in the last three weeks, making their total holdings over 34 trillion, worth around $279.85 million.

This increase might indicate that more people want SHIB. It’s interesting because this happened right after Shibarium was launched. As a result, supporters are feeling hopeful that SHIB’s price will go up in the coming days.

On August 22, SHIB was trading at $0.000007993, and it went up slightly by 4.7% to $0.000008371 by August 29.

By September 3, SHIB was at $0.000007806. But because of the excitement about Robinhood’s big purchase, it could increase by 16.1% to $0.000009056.

Borroe.Finance Revolutionizes Traditional Invoice Financing

Revenue financing is essential for businesses because it lets them use their steady income to get quick money. But the problem is, web3 and DeFi companies often can’t use invoice financing. This is a challenge for artists, musicians, and NFT creators.

Borroe.Finance does something unique that top DeFi projects don’t. They deal with issues like changing currencies and irregular payments that can affect web3 businesses.

They use fractionalized NFTs, blockchain tech, and AI to offer fast funding for businesses. Their platform also makes it easy to invest in web3 financing, gives discounts on loans, and rewards marketplace activity.

What makes Borroe.Finance special is that it uses innovative tech for real-world problems.

In the first stage of its presale, the token ROE’s price went up 25% from the beta stage. It’s currently trading at $0.0125, but it will go up to $0.0150 in stage 2, a 20% increase. If you joined in the beta stage, you’ll be up 50% in stage 2.

Maker intends to create a blockchain inspired by Solana

One of the founders of Maker had an idea on September 1, 2023. The idea is about changing how Maker’s network works. They want to use Solana’s code because it’s more efficient. This is part of an upgrade called “Endgame” that they talked about in May 2023.

When this idea was shared, people got excited about Maker, and the price went up. On August 30, the price of MKR, Maker’s token, went from $1,043 to $1,139, which is a 9.2% increase.

Experts think that because of this new idea for the network, MKR’s price might go up by 7.3% to $1,210.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoNews #cryptomarket #robinhood #SHIB #ShibaInu

Bernstein has initiated coverage of the trading platform Robinhood (HOOD) with an outperform rating and a target price of $30.
The brokerage firm predicts that the total market capitalization of cryptocurrencies will nearly triple by 2025, reaching $7.5 trillion.
It stated that the managed assets of bitcoin spot ETFs could climb to $300 billion by 2025.
Bernstein initiated coverage of Robinhood's stock (HOOD) with an above-average rating and a price target of $30, citing the massive potential for growth due to a huge crypto cycle, as stated in its Thursday research note.
"We expect the total market cap of cryptocurrencies to reach $7.5 trillion by 2025 compared to today's $2.6 trillion, which should mean a ninefold increase in Robinhood's crypto revenues," the report says. The company announced that the volume of cryptocurrency trading on its platform increased by 10% in February from January.
Bernstein expects the market capitalization of Bitcoin (BTC) to reach $3 trillion by 2025, Ethereum (ETH) to $1.8 trillion, and other leading blockchain tokens to collectively hit $1.4 trillion.
"We believe the crypto market is in the midst of unprecedented institutional adoption," wrote analysts Gautam Chhugani and Mahika Sapra. The managed assets of spot Bitcoin exchange-traded funds (ETFs) could rise to $300 billion by 2025. Ether ETFs are expected to be available within 12 months.
The brokerage views Robinhood as a two-year cyclical trade, "which aligns with the bend in crypto-driven revenues in 2024-25."
Robinhood's stock price increased by more than 10% in after-hours trading.
#robinhood #cryptocurrency

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

CryptosHeadlines.com - The Leading Crypto Research Network:

Robinhood, the popular trading platform, posted a profitable second quarter of 2023 with EBITDA growing by 31% to $151 million. This marks the first time the company has turned a profit since going public.

Despite the overall positive results, Robinhood experienced an 18% decline in revenue from crypto transactions, which amounted to $31 million in the quarter.

The platform’s total revenue dropped from $202 million in June of the previous year to $193 million this year, representing a 4% decrease. Nonetheless, the company remains optimistic about its future prospects, including expansion plans in the UK.

Robinhood Turns Profitable in Q2 Despite Revenue Drop

In the second quarter of this year, Robinhood managed to turn a profit of $25 million, or $0.03 per share, despite experiencing a drop in revenue. The company’s total operational expenditures also improved, decreasing by approximately $45 million on average over the past several months.

EBITDA for the firm grew by 31% to $151 million, and the margin increased by 5 percentage points to 31%. Total assets in custody rose by 13% to $89 billion, driven by higher equity valuations and continued net deposits.

With a net deposit of $4.1 billion, Robinhood achieved an annualized growth rate of 21% in assets under custody compared to the first quarter of 2023. Over the past 12 months, net deposits reached $16.1 billion, marking a 25% year-over-year increase.

Robinhood’s plans for expansion in the UK have led to the recruitment of a top executive from British fintech company Freetrade. Despite this, there were reports of Ark Invest CEO Cathie Wood selling millions of dollars worth of shares in both Robinhood and Coinbase ahead of their upcoming second-quarter earnings releases.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptocurrencyNews #NFT #Web3 #Blockchain #robinhood