Place/Date: - May 3rd, 2023 at 2:26 pm UTC · 3 min read
Source: Collateral Network
Bitcoin (BTC) and Solana (SOL) have experienced huge growth throughout April following the collapse of several high-profile banks. While both Bitcoin (BTC) and Solana (SOL) were previously held back by price barriers, market trends have since taken them to their highest prices in 2023. At the same time, the Collateral Network (COLT) presale is booming, having already captured the interest of several crypto experts that predict it will be the next blue chip coin.
After substantial price surges at the end of March, Bitcoin (BTC) continued to rise in April, hitting $30,979 before steadily declining. This caused trading activity across the DeFi market to rise, with hundreds of projects increasing in value after Bitcoin (BTC) broke its previous price barrier.
Although its growth has slowed, market analysts believe that Bitcoin (BTC) will surge again in early May, potentially rising above $31,000. One Bitcoin (BTC) is currently worth $29,052.00, an increase of 5.68% in the past five days. Bitcoin (BTC) daily trading volume is also consistently rising above $22 billion, suggesting that investors are bullish as April comes to a close.
Despite its security being questioned just one month prior, Solana (SOL) has continued to thrive in April. In the last thirty days, Solana’s (SOL) price has increased by 5.07%, with one Solana (SOL) currently selling for $22.03. This rise has been linked to Bitcoin (BTC) growth, which has resulted in several projects bouncing back after a short market correction.
Bullish analysts believe that Solana (SOL) could rise to $25 in the next few weeks, which has caused Solana’s (SOL) daily trading volume to rise to over $600 million. Should Solana (SOL) hit this price prediction, it could quickly become one of the best performing cryptocurrencies in the market.
Although not yet as popular as Bitcoin (BTC) and Solana (SOL), Collateral Network (COLT) is gaining traction in the DeFi space following a 40% price spike in just a few weeks. With momentum building, the project is expected to hit an ROI of 3500% in the next six months.
Collateral Network (COLT) has built a new platform to help individuals unlock liquidity from their physical assets. Traditionally, assets such as cars, watches, fine art and real estate are hard to liquidate, with a number of hoops to jump through before funds can be acquired. Using Collateral Network (COLT), individuals can take out a loan against the asset by minting it as an NFT for investors to fund. In doing so, they can receive cash within 24 hours.
Early investors will benefit from the COLT token’s growth. Presently, its presale price stands at $0.014 but due to the demand will not remain at this price for long and is expected to hit at least $0.35 before the presale ends. Take advantage of this unique opportunity today!
Find out more about the Collateral Network here: Website, Presale, Telegram, Twitter.
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