Looking for the next big investment opportunity in the world of cryptocurrency? Look no further than the Collateral Network (COLT), making it easier than ever for people around the globe to secure loans using tangible assets as collateral.
With experts predicting a staggering 35x growth in price over the next few months for Collateral Network (COLT), savvy investors would be wise to jump on board now while the initial price of just $0.01 is still available.
Here’s a closer look at what makes Collateral Network (COLT) such a promising player in the rapidly evolving world of crypto, along with some insights into how Ethereum (ETH) and Bitcoin (BTC) will likely fare in 2023.
Collateral Network (COLT)
Collateral Network (COLT) is a new revolutionary platform that uses blockchain technology to allow anybody, anywhere in the world, to borrow money secured by real-world assets.
Collateral Network (COLT) employs asset-backed non-fungible tokens (NFT) for these loans. The Collateral Network (COLT) is designed so that users can obtain loans backed by physical assets.
Borrowers can get funds through Collateral Network (COLT) without having to sell their physical assets or go through a time-consuming procedure of filling out documents and overcoming bureaucracy. Collateral Network (COLT) is the first of its kind to provide loans by utilizing fractionalized NFTs backed by tangible assets.
Collateral Network (COLT) has launched with an initial price of $0.01, which is a wonderful value given that experts predict a 35x growth in price within next quarter.
COLT is the native token of Collateral Network. Token holders will be able to vote on significant project milestones, such as impending listings, among other things. Collateral Network (COLT) holders can also stake their tokens to earn a passive income.
Ethereum (ETH)
Ethereum (ETH) has become an attractive choice for diversification due to its constant developments, such as The Merge, transforming Ethereum (ETH) into a more energy-efficient, scalable, and cost-effective blockchain.
The upcoming Shanghai upgrade for Ethereum (ETH) is set for April 12, and is expected to generate investor interest, especially as it allows stakeholders to withdraw frozen or incentive-earned Ethereum (ETH).
Presently, over 23.3 million addresses hold a minimum of 0.01 Ethereum (ETH), marking an 8-month high. However, the on-chain data of Ethereum (ETH) indicates a decline in holdings for whales with 10,000 to 1,000,000 Ethereum (ETH), suggesting potential market shifts as the Shanghai upgrade approaches.
At the time of writing the current price of Ethereum (ETH) is $1,710.97. It is down 5% on the 7 day chart but still up at nearly 8% on the 14 day.
Bitcoin (BTC)
Bitcoin (BTC) transformed the industry with its decentralized peer-to-peer approach and independence from central authority as the first cryptocurrency. The 2024 halving event is anticipated to increase the price of Bitcoin (BTC), allowing it to maintain its market dominance.
In 2021, Bitcoin (BTC) achieved record highs, and analysts predict another peak in 2024, supported by the fact that MicroStrategy, one of the biggest Bitcoin (BTC) investment firms, is now up to nearly 139k Bitcoin (BTC).
MicroStrategy, a significant Bitcoin (BTC) investor, purchased 6,455 Bitcoin (BTC) for $150 million during the current market rebound after returning its $205 million Silvergate loan at a 22% discount. The company currently owns 138,955 Bitcoin (BTC), which it acquired for $4,1 billion, or an average of $29,817 per coin.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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