THORChain and Bitcoin SV Drown In 7-Day Losses, Borroefinance Shines Brightly, Reaching $1.25 Million

While the crypto space experiences a long winter, with THORChain (RUNE) and Bitcoin SV (BSV) seeing notable price plunges in the past seven days, BorroeFinance (ROE) reached $1.25 million in its ongoing presale.

A long distance away from the ATH

Interested in enabling cryptocurrency holders to swap, borrow, and earn with different native assets, THORChain, powered by its token, RUNE, facilitates native asset settlement between different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), amongst others.

Launched in July 2019, THORChain is far from its all-time high (ATH) of $21.20, which occurred on May 19, 2021.

As of the time of this writing, RUNE was $1.68, having fallen 17.2% according to its 7-day chart.

With RUNE developed to accrue more value as more assets are deposited into the network, THORChain was created to minimize trust and become a scalable, economically secure cross-chain communication and settlement layer.

Could this falling RUNE price reflect the state of the whole crypto ecosystem, considering that the token accrues value from the deposited assets?

On the other hand, Bitcoin Satoshi Vision, popularly known as Bitcoin SV, which was created in 2018 after a hard fork from the Bitcoin Cash blockchain, which was also a hard fork of the original Bitcoin blockchain, has a 7-day price chart that shows a 9.0% price fall.

Offering security, scalability, stability, support, safety, and instant transactions, even as a public blockchain, BSV claims to be a “truly powerful blockchain.”

Boasting of delivering Satoshi’s vision of One Global Bitcoin blockchain, Bitcoin SV presents itself as setting records with its fast, scalable, transformative, efficient, and regulation-friendly nature.

BSV’s developers opine that it was “created to restore the original Satoshi protocol, keep it stable, and enable it to massively scale, unlike other Bitcoin projects.” However, as of the time of this writing, BSV was changing hands at $33.47. This is a far cry from its April 16, 2021 ATH of $489.75.

While the past reveals a better story than the present for these cryptocurrencies, the opposite is true for Borroe.Finance (ROE).