Ethereum (ETH) and Solana (SOL) Show Steady Growth, But Borroe Finance Presale Sparks Investor Frenzy
As Ethereum (ETH) introduced the Geth Upgrade release, Solana (SOL) faced a major outage in block production. However, both coins show steady growth in the crypto market.
On the other hand, a new DeFi coin – Borroe Finance ($ROE), continuously sparks investors’ enthusiasm with its presale excellence. Let’s explore these best DeFi coins further.
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On February 11, 2024, the Ethereum Foundation announced the Ethereum Geth Upgrade v1.13.12 release as the stage is set for the March 13 mainnet update. This upgrade will introduce myriad new features and enhancements to the ETH network.
Looking at Ethereum’s monthly chart, ETH was still trading in red candles. However, the optimism surrounding the mainnet update has fueled interest among ETH investors. As Ethereum geared up for Geth Upgrade, ETH soared from $2,275 to $2,536, marking an impressive 11.47% gain.
This upward momentum has successfully breached the ascending triangle pattern’s neckline resistance for ETH. As of February 11, ETH was exchanging hands at $2,525. With a surge in Ethereum’s demand, ETH’s RSI level has also climbed above the neutral level, showcasing bullish momentum. Experts say if buying momentum for Ethereum continues, ETH will strike past $2,700 in Q1 of 2024.
Although Ethereum is a leading crypto stalwart, savvy investors are more drawn towards $ROE for guaranteed gains.
On February 6, 2024, the Solana Network witnessed a major outage in block production. This outage caused a halt in the Solana ecosystem’s block progression. However, this was not the first time the Solana blockchain has faced such downtime in block production.
With this outage, SOL made a noticeable dive from $98.00 to $93.00 on February 6, representing a 5.10%
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