Ethereum (ETH) and Bitcoin (BTC) are the two largest cryptocurrencies in the world. While Bitcoin (BTC) is held like a commodity such as gold, Ethereum (ETH) is used to build DeFi projects and expand the Web 3 universe.
Both projects have the potential to hit new highs in 2023, though Collateral Network (COLT) could be the hidden gem the market has been waiting for, as analysts forecast the incredible new crowdlending platform is set for 35x returns.
Ethereum Shanghai Upgrade Sparks Market Excitement
Ethereum (ETH) is arguably the most important DeFi project in the market. Ethereum (ETH) is used as the foundation for hundreds of DeFi projects and has kick-started the NFT space with projects like Bored Ape Yacht Club and CryptoPunks.
After surpassing $1,700 on several occasions throughout February, analysts now predict that Ethereum (ETH) could hit highs of $2,000 in March. This price prediction comes following the announcement of the Ethereum (ETH) Shanghai Upgrade, which will bring several new updates to the blockchain. Most notably, investors staking Ethereum (ETH) will no longer need to lock up their funds and instead will be able to withdraw their funds and rewards at any time.
Should this upgrade be successfully implemented, Ethereum (ETH) will continue to push ahead as a market leader in the DeFi space.
Bitcoin (BTC) Surges After Passing $25k Price Barrier
Bitcoin (BTC) is up by 16.47% in the last thirty days, following a recent price surge. This surge has taken the market by storm and was triggered by recent disruption in the real-world banking market, in which two top banks have collapsed. After passing the $25k price barrier, Bitcoin (BTC) hit highs of $28.7k, before decreasing slightly to $27,694.
This increase has been great news for the crypto market, with many other projects following Bitcoins (BTC) price increases. It’s also great news for presales like Collateral Network (COLT), which is predicted to surge by 3,500% during its presale.
Collateral Network (COLT) On Track For A 3,500% Price Surge
Collateral Network (COLT) is a next-generation crowdlending platform that lets individuals borrow against their real-world assets using NFTs. Collateral Network (COLT) works by letting borrower’s mint NFTs backed by physical assets and enabling the community to become lenders and fund the loan by purchasing the NFT fractions.
With a number of unique features, Collateral Network (COLT) lets users get the most out of their assets without having to sell them. The platform is designed to be fully transparent, with borrowers enjoying a rapid turnaround time while lenders can earn interest on their capital and effectively become their own banks. Furthermore, all borrowing is private and has no impact on the individual’s credit.
COLT tokens, the utility token of the network, are currently available for $0.01 during the first stage of its presale, with holders earning a number of rewards. Firstly, holders are eligible for two types of discounts that will vary depending on whether or not they are borrowers or lenders. As well as this users can stake their Collateral Network (COLT) tokens to generate a passive income, as well as having governance rights, exclusive access to VIP groups, and more.
With the potential to disrupt the crowdlending market, analysts are predicting a 35x price surge over the coming months, offering huge returns to early investors.
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
