Bitcoin (BTC) Drops Below 30k Value, Arbitrum (ARB) and Collateral Network (COLT) Still Setting The Pace On Weekly Gains
The cryptocurrency market has been a rollercoaster ride in recent months, with Bitcoin (BTC) pushing over the 30k mark but failing to hold. Meanwhile, Arbitrum (ARB) and Collateral Network (COLT) are still making gains in recent weeks. Collateral Network (COLT) is expected to gain 3500% once its presale is over.
It has made headlines as the first blockchain platform for peer-2-peer Lending tapping into the trillion-dollar lending market.
Bitcoin (BTC)
The daily trading volume of Bitcoin (BTC) has seen an uptick since the beginning of April, rising from $13.4 billion to $21.29 billion in 10 days. With the trading volume showing a continuous upward trend, market analysts are optimistic and predict Bitcoin (BTC) may reach over $35,000 in the upcoming weeks.
However, Bitcoin (BTC) failed to hold over $30,000 on April 19th 2023, and now we’re seeing a downward trend with Bitcoin (BTC) reaching $28,000. At the time of writing, Bitcoin (BTC) has fallen 8.73% in the past week and 2.90% in the last 24 hours.
The Bitcoin (BTC) reduction in value is likely due to investors cashing out their profits, as Bitcoin (BTC) has quickly made gains since the start of the year. Once the selling pressure on Bitcoin (BTC) is reduced, we can expect to see another rally soon.
Arbitrum (ARB)
Arbitrum (ARB) aims to enhance Ethereum’s smart contract technology by improving its speed and scalability while introducing additional privacy protections. The launch of the Arbitrum (ARB) native token, ARB, took place on March 23rd 2023.
Despite the lack of technical indicators to precisely time the market, Arbitrum (ARB) has a solid foundation backed by a team of knowledgeable professionals. Furthermore, the Arbitrum (ARB) transaction verification process is remarkably speedy, positioning it as a promising option for swift and cost-effective transactions.
In contrast to Ethereum’s capacity to process only 14 transactions per second, Arbitrum (ARB) can process approximately 40,000 transactions per second while keeping the transaction costs at a minimum.
Arbitrum (ARB) has been relatively stable since the start of 2023, fluctuating between $1.29 and $1.52. Over the last 7 days, Arbitrum (ARB) has decreased by 6.30% in value. However, this Arbitrum (ARB) fall can be attributed to the overall market being in the red. As the layer 2 cryptocurrency gains more popularity from developers and Arbitrum (ARB) token gets utilized more, its value will likely surge.
Collateral Network (COLT)
In various regions, obtaining a short-term loan often involves a tedious process, including income verification, eligibility checks and credit assessments.
Collateral Network (COLT) addresses this issue by creating the first decentralized Web3 peer-to-peer lending platform, which permits users to access liquidity from physical off-chain items, such as jewelry, fine wines, watches, and more, without relinquishing the asset itself.
Simply bring the assets to Collateral Network (COLT), where a non-fungible token (NFT) is created and 1:1 backed by the physical asset. The NFT is then fractionalized, and members of the Collateral Network (COLT) lender community can purchase them partially, becoming mini banks that fund the loans at a fixed interest rate as well as earning themselves a passive income paid out weekly.
With Collateral Network (COLT), there is no need to haggle over the asset’s value in a physical store, as everything is conducted online, and the platform employs artificial intelligence to offer a free online valuation within minutes.
COLT, the Collateral Network (COLT) native token, is available for purchase at just $0.014, offering users discounts, staking incentives and governance benefits. However, with the platform’s roadmap indicating a Uniswap debut in stage 2, now is the time to invest in this potential blue-chip token before its price skyrockets.
Crypto experts have tipped Collateral Network (COLT) as the best token presale of 2023. The time to buy COLT tokens is now when it’s currently at its presale stages. It allows early investors to gain maximum return on investments.
Experts believe that COLT buyers are rushing to buy in presale because:
- COLT is cheap right now.
- It has a clear objective in the future.
- It has a Doxxed Team with solid experience.
- Already in talks with CEX for Tier 1 CEX Listing
Collateral Network (COLT) could reach $0.35, making it an ideal opportunity to acquire a promising token at a modest price by signing up for the presale.
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
