Bitcoin (BTC) is dipping, and it affects the entire crypto market. Meanwhile, Arbitrum (ARB) and Collateral Network (COLT) fight off the bears and record weekly gains. Read on to find out why these projects manage to stay afloat and how Collateral Network (COLT) is set for 3500% returns.
Bitcoin (BTC) Drops Below 30k Value
So far this year, Bitcoin (BTC) has been on a tear, quickly approaching 30k. However, it has shed around 10% in value in the past few days.
The downtrend comes amid heightened concerns about economic slowdown and the US crackdown on cryptocurrencies – especially as Coinbase may move elsewhere due to unclear regulation, despite being the largest US-based crypto exchange.
Bitcoin (BTC) is the crypto market leader with a weekly loss of about 8%. This could indicate that, even though Bitcoin may have long-term potential, $30,000 may act as the resistance level for some time to come.
Bitcoin (BTC) holders should be ready for some volatility, but patience may come to fruition. In any case, Bitcoin is undoubtedly becoming more popular as a store of value. Next year, the crypto community is expecting Bitcoin’s halving event, which usually leads to better price performance.
Arbitrum’s (ARB) Price Rally
Among the few crypto projects that performed well in the past few days, Arbitrum (ARB) may be somewhat unexpected after its early drop in value. However, bulls make a case for Arbitrum’s future potential. This scaling solution for Ethereum has the aim of making Ethereum more efficient in terms of speed and costs.
Arbitrum (ARB) essentially places its value on the future of Ethereum (ETH) as it is built on top of this blockchain. Hence, if you believe in the future of ETH, Arbitrum (ARB) could be a great pick.
In terms of growth prospects, Arbitrum (ARB) has surpassed many of its competitors. Arbitrum (ARB) ranks fourth in TVL (total value locked), which shows how much activity is on its blockchain.
Collateral Network (COLT) Hits a New Milestone
Collateral Network’s (COLT) value has raised by 40% after the success of its presale stage, but analysts expect it to raise by as much as 3500% by the time it goes live. This platform is in the spotlight as it markets itself as the first decentralized crowdlending platform in the world.
In short, Collateral Network allows peer-to-peer lending and borrowing by minting real asset-backed NFTs which are fractionalized.
Multiple investors can provide liquidity in exchange for fixed interest rates and passive income on Collateral Network, while borrowers in need of funds can use physical assets as collateral, which includes real estate, cars, fine art, or jewelry.
All borrower’s assets are stored in a secure vault and returned so long as loans are fully repaid. Otherwise, these assets are sold by Collateral Network in an online auction where lucky investors may be able to purchase items at below-market price.
One COLT token, the native currency of the platform, is currently priced at $0.014, providing early investors with tremendous upside potential and bonuses like staking rewards, governance rights and more. The token is expected to reach at least $0.35 before it is launched on the exchanges.
People are just learning about the benefits of crypto and their potential use cases. Once they do, it’s not difficult to be bullish on projects like Bitcoin (BTC), Arbitrum (ARB), and Collateral Network (COLT).
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Read 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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