Ethereum (ETH) and XRP (XRP) are two of DeFi’s most highly anticipated projects. Both surged in price over the past few weeks, though their growth has since slowed after hitting price barriers. Bearish analysts now believe it could be too late to buy Ethereum (ETH) and XRP (XRP.) As a result, investors are diversifying with Collateral Network (COLT), which is expected to rise by 3500% in the next six months.
Collateral Network (COLT) Becomes A Strong Alternative To Traditional DeFi Investments
Collateral Network (COLT) is gaining momentum as projects like Ethereum (ETH) and XRP (XRP) begin to slow down. The project has increased by 40% so far during its presale, and is expected to make huge gains over the next six months, with experts predicting a 35x ROI.
Collateral Network (COLT) is a unique DeFi project that combines innovative technology to the crowdlending industry. Using Collateral Network, individuals can unlock liquidity from their physical assets such as vintage cars, real estate and luxury watches, without needing to sell them. Instead, they can be brought on-chain and minted as NFTs, allowing individuals to borrow funds from DeFi investors.
Investors can lend money by purchasing NFT fractions, in which they’ll earn a passive income in the form of a fixed interest rate. This essentially allows investors to operate as a bank, earning a passive income until the loan has been paid. Should a borrower default however, their asset will be sold at auction to recoup lenders money.
Collateral Network (COLT) tokens will play an important role throughout the projects ecosystem. They will be used to vote on future policies, can be used to stake and build a passive income and will also give holders access to exclusive auctions for distressed assets. At the time of writing, Collateral Network tokens can be purchased for $0.014, with a price increase in the next few days buyers can achieve 28% growth by purchasing tokens now.
Ethereum’s Shanghai Upgrade Pushes ETH to Over $2k
Ethereum (ETH) recently launched its Shanghai Upgrade, offering a number of benefits to Ethereum (ETH) users. One of the core components of this upgrade was the ability to withdraw assets from Ethereum’s (ETH) Beacon Chain. Before the upgrade, around $30 billion worth of Ethereum (ETH) was staked on the chain, which caused many analysts to question whether or not this move could create liquidity issues.
However, post-launch the latest Ethereum (ETH) upgrade was a huge success with Ethereum (ETH) increasing in value to over $2,100. Since this rise, Ethereum (ETH) has declined in value to $1,908.30, though this is still 5.28% higher than its price just one month prior.
Given that the market is currently recovering, investors believe Ethereum (ETH) will hit $2k again soon, potentially rising above $2,200 in the process.
XRP (XRP) Crashes After March Surge
XRP (XRP) was a favorite investment amongst crypto whales in March, though its momentum has since slowed. In the past week, XRP (XRP) has increased in price by just 0.28% following a decline of 17.78% in the last month. XRP (XRP) trading volume is also down, with daily trading volume decreasing from over $4 billion to $1.6 billion on the 28th of April.
Given its recent influx of investments, XRP (XRP) is expected to bounce back according to market analysts. That being said, in the short term investors are split as to whether or not XRP (XRP) will continue to rise or crash. This uncertainty has caused some XRP (XRP) holders to look for alternative investments, with Collateral Network (COLT) becoming a popular option.
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
