As expected, the approval of Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) has triggered a further uptrend in the price of the pioneer cryptocurrency. Altcoins are not left behind; their rally is evident in Arbitrum (ARB) and Borroe Finance ($ROE).
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U.S. Spot-Bitcoin ETF Approved
In a significant milestone for the blockchain ecosystem, the much anticipated Bitcoin ETF approval by the US Securities and Exchange Commission (SEC) is now live, triggering a strong rally in the global digital assets market.
This landmark event has made significant headlines in crypto news, as the years of suspense and uncertainty are finally over.
As the saying goes, “When Bitcoin rises, it pulls altcoins along.” The altcoin rally is in full force, yet it might just be getting started. Arbitrum (ARB) and Borroe Finance ($ROE) are now amid a strong bullish momentum.
The Borroe Finance Rally
The $ROE presale is quickly becoming one of the most talked about ICOs and might make the list of viral token launches. As its native token, $ROE runs the Borroe Finance project. Borroe Finance changes the status quo for funding, giving Web3 creators a better option through its instant funding model.
The Borroe Finance AI-empowered ecosystem brings together Web3 creators, enthusiasts, and investors. To access funds instantly, the Web3 creators mint NFTs representing their future recurring incomes and earnings and sell them at a discount on the Borroe Finance marketplace, where ready investors are. This creates an upfront cash flow to meet their funding needs.
Following the completed audit of the project’s smart contract and the trust in the team members, which include Michael Price and Maxim Prishchepo, $ROE is currently in stage 4 and has over 80% of the stage sales complete, in barely 48 hours, due to the demand by investors.
As of this writing, $ROE sold for $0.019 and the project has raised more than $2.5 million so far.
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The Arbitrum Rally
Arbitrum boasts to be the future of the Ethereum blockchain. It is the leading Layer-2 technology that empowers users and blockchain developers to explore and build in the Ethereum ecosystem. With its optimistic roll-up technology, it improves the capabilities of Ethereum smart contracts by improving their privacy, speed and scalability.
Built on Ethereum, Arbitrum was accessible to many users familiar with popular decentralized applications (Dapps) on the blockchain. Its growth was almost instant since it was easy to build on with the standard developer tools.
The ARB tokens introduced to the crypto ecosystem via token airdrop, with about 12.75% of the token supply airdropped, are governance tokens. As such, they are used within the Arbitrum decentralized autonomous organization (DAO), with the holders participating in decentralized governance and making decisions that will be executed on-chain once passed.
As of this writing, ARB sold for $2.04, up by 24.1%, 3.5%, 38.1%, and 89.5% on its 24-hour, 7-day, 14-day, and 30-day charts, respectively.
Learn more about Borroe Finance ($ROE) here:
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