Bitcoin up 7% in 7 days, bullish news for Baby Doge Coin and Collateral Network
Bitcoin (BTC) is up 7% in the past seven days following a recent minor correction, leaving many Bitcoin (BTC) investors wondering if another price rally is on the way. Such an increase will be great for Baby Doge Coin (Baby Doge) and Collateral Network (COLT), as an increase in Bitcoin (BTC) will trigger an increase in market volume.
Bitcoin (BTC) is up 7% in the past seven days following a recent minor correction, leaving many Bitcoin (BTC) investors wondering if another price rally is on the way. Such an increase will be great for Baby Doge Coin (Baby Doge) and Collateral Network (COLT), as an increase in Bitcoin (BTC) will trigger an increase in market volume.
Collateral Network – An ecosystem of opportunities for investors
Collateral Network (COLT) is a new DeFi project with a focus on crowdlending. It overhauls many of the traditional crowdlending procedures, removing the inconvenience of paperwork, credit checks and complex lending protocols. To achieve this, Collateral Network uses smart contracts to create a seamless lending process that is both secure and immutable.
This process begins when assets are brought on-chain using NFT technology and fractionalized. Each NFT is then sold to the Collateral Network community, which buys NFT fractions and earns a passive income. This essentially allows investors to become their own ATM, generating a fixed interest rate for the duration of the loan.
COLT tokens are currently being sold for $0.014 during phase one of the project’s pre-sale, and will play an important role in the entire Collateral Network ecosystem. Holders will be given betting opportunities, voting rights on future platform development and exclusive access to private auctions for distressed assets. During these auctions, COLT token holders will have the chance to purchase valuable assets at below market prices.
With COLT expected to hit $0.35 over the next few months, investors quickly buy tokens before prices rise again.
Baby Doge Coin Daily Trading Volume Passes $16 Million
The daily trading volume for Baby Doge Coin (BabyDoge) has increased by 108.20% on May 5th, taking the volume to $16.1 million at the time of writing. This increase is welcome news for the Baby Doge Coin (BabyDoge) community, which has experienced several price drops in the past week alone.
Baby Doge Coin (BabyDoge) is known for its support of animal adoption, but is now diversifying its use with a unique exchange and exclusive Baby Doge Coin (BabyDoge) card. These prepaid cards can be used for digital payments and have gained immense attention on Twitter.
As of May 5, Baby Doge Coin (BabyDoge) has amassed a following of 1.9 million on Twitter, and the community is creating and sharing a variety of Baby Doge Coin (BabyDoge) memes to increase the project’s value. This has helped Baby Doge Coin (BabyDoge) build momentum and could take its value to new heights.
Will Bitcoin (BTC) Take Crypto Into Another Bull Run?
Bitcoin (BTC) price increases have led many investors to believe that the crypto market is finally leaving its latest bear run. After breaking several price barriers recently, Bitcoin (BTC) analysts now believe that Bitcoin (BTC) could reach annual highs if it breaks the $31k barrier.
Heading into May, the overall crypto market remains extremely bullish on Bitcoin (BTC), which remains the number one cryptocurrency in terms of daily trading volume. Daily trading volume has consistently reached over $15 billion, peaking at over $31 billion in April.
While a Bitcoin (BTC) rally is great for investors, only a small percentage can capitalize due to its high barrier to entry. As a result, Baby Doge Coin (BabyDoge) and Collateral Network (COLT) are good options that are readily available and can provide higher returns.
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