2023 Crypto Price Prediction: Collateral Network (COLT), Ethereum (ETH) and Bitcoin (BTC)
Looking for the next big investment opportunity in the world of cryptocurrency? Look no further than the Collateral Network (COLT), which makes it easier than ever for people around the world 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 starting 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 crypto world, along with some insight into how Ethereum (ETH) and Bitcoin (BTC) are likely to fare in 2023.
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Collateral Network (COLT)
Collateral Network (COLT) is a revolutionary new platform that uses blockchain technology to allow anyone, anywhere in the world, to borrow money secured by real-world assets.
Collateral Network (COLT) uses 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 obtain funds through the Collateral Network (COLT) without having to sell their physical assets or go through a time-consuming procedure of filling out documents and overcoming red tape. Collateral Network (COLT) is the first of its kind to provide loans using fractional NFTs backed by tangible assets.
Collateral Network (COLT) has launched with a starting price of $0.01, which is a fantastic value given that experts are predicting one 35x price growth in the next quarter.
COLT is the original token of the Collateral Network. Token holders will be able to vote on significant project milestones, such as impending listings. 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 evolution, such as The Merge, which transforms 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).
Currently, over 23.3 million addresses have a minimum of 0.01 Ethereum (ETH), marking an 8-month high. However, the Ethereum (ETH) chain data indicates a decrease in whale holdings by 10,000 to 1,000,000 Ethereum (ETH), suggesting potential market changes 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 almost 8% on the 14-day.
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Bitcoin (BTC)
Bitcoin (BTC) transformed the industry with its decentralized peer-to-peer approach and independence from central authority as the first cryptocurrency. The halving event in 2024 is expected to increase the price of Bitcoin (BTC), allowing it to maintain its market dominance.
In 2021, Bitcoin (BTC) reached record highs, and analysts predict another peak in 2024, supported by the fact that MicroStrategy, one of the largest Bitcoin (BTC) investment companies, is now up to almost 139k Bitcoin (BTC).
MicroStrategy, a major Bitcoin (BTC) investor, bought 6,455 Bitcoin (BTC) for $150 million during the current market rally after returning its $205 million Silvergate loan at a 22% discount. The company currently owns 138,955 Bitcoin (BTC), which it bought for $4.1 billion, or an average of $29,817 per coin.
Find out more about the Collateral Network pre-sale here:
Website: https://www.collateralnetwork.io/
Pre-sale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter:
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