It looks like the crypto winter is coming to an end: Collateral Network (COLT) raises millions in presale and their token is aiming to become the go-to platform for decentralized finance. Elsewhere, Bitcoin (BTC) and Ethereum (ETH) are both looking bullish in the crypto market, with many analysts predicting that both digital assets could hit all-time prices by 2024. 

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Collateral Network redefines peer-to-peer lending

Collateral Network is an innovative lending platform that uses blockchain technology to transform the way people secure loans. By allowing borrowers to use any valuable item — like watches, artwork, or gold — as collateral, this system breaks new ground in the lending industry.

Collateral Network converts these physical assets into NFTs, which are then divided into fractional ownership rights. Collateral Network 's novel approach lets multiple investors come together to finance a single loan request, becoming mini banks and earning passive income. While borrowers gain access to funds without credit checks or red tape processes. 

On Collateral Network, smart contracts are used to automate the process, reducing paperwork and speeding up transactions. Collateral Network smart contracts are audited by InterFi Network and SolidProof to ensure the utmost accuracy and security.

Currently, during the first stage of the presale, COLT tokens are available at just $0.014 each. As the value is projected to rise to $0.051 during the tenth stage, early investors can capitalize on potential earnings before Collateral Network (COLT) even launches.

Bitcoin predicted to make major comeback

Bitcoin has rallied significantly since the start of 2023, with a nearly 100% gain in just a few months. This Bitcoin surge was largely driven by the end of the consistently bad news that had been plaguing the crypto market for years.

Bitcoin is also benefiting from institutional investments, with MicroStrategy investing billions of dollars into Bitcoin. This bolstered confidence in Bitcoin, which could be one of the catalysts that leads to a new all-time high in 2024.

Market analysts see the biggest long-term potential for Bitcoin as a store of value and safe haven asset. With banks collapsing weekly in the U.S., people are turning to Bitcoin as an alternative investment, pushing prices up even further.

Bitcoin is currently trading at $27,500 after a brief dip from the peak of $31,000 in April. Some analysts expect the price of Bitcoin (BTC) to reach $50,000 by the end of 2023 and over $100,000 in 2024 during the halving event.

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Ethereum set for bullish returns

Ethereum is another major player in the crypto market that has seen a recent surge in price. Ethereum's smart contracts and decentralized applications have made it one of the most widely used blockchains in the world.

Ethereum's (ETH) price started the year at $1,186, and it has since gone on to hit a recent peak of $2,142 on the 16th of April. Like Bitcoin, Ethereum has now 'corrected' to a current price of $1,841, but analysts believe the Ethereum downward trend will be reversed soon.

Analysts believe that Ethereum's price could surpass its all-time high and hit $5,000 in 2024. This is largely due to Ethereum capturing such a large portion of the DeFi market, which is reflected in the $28 billion of total value locked (TVL).

Ethereum is also expected to continue benefiting from the Ethereum 2.0 upgrade and the implementation of sharding technology. This could help to make transactions faster and cheaper, which could drive the adoption of Ethereum even further.

For more information on Collateral Network visit the website, join the presale or join the community for regular updates.

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