Despite suffering badly from the FTX crash and the recent Silicon Valley Bank closure, Bitcoin (BTC) and Cardano (ADA) are showing some signs of resurgence. But is there enough buying sentiment for Bitcoin (BTC) and Cardano (ADA) to start a price pump?
Whatever the outcome, experts are looking at Collateral Network (COLT), currently in phase 2 of its presale, to lead a price rise in the crypto market. This first Web3 challenger lending market has been forecasted to rise by 3500% in the coming months.
Let’s examine this undervalued newcomer and see how it fares against these cryptos.
Collateral Network (COLT)
Collateral Network (COLT) is the future of peer-to-peer lending in the Web 3.0 era. Borrowers can use valuable assets as collateral for loans through the platform. NFTs represent the assets, and fractionalization makes it possible to make smaller investments.
Think of it this way: you have a valuable guitar worth $10,000 that you don’t want to sell but need some quick cash. With Collateral Network (COLT), you can use your guitar as collateral and borrow against it.
Here’s how it works. You send your guitar to Collateral Network (COLT), where they mint an NFT of the guitar, a 100% asset-backed NFT that represents the physical asset and fractionalize it into smaller pieces. This allows lenders worldwide to lend smaller amounts of funds at an agreed interest rate. It’s like owning a share of your guitar through Collateral Network (COLT).
But that’s not all. Collateral Network (COLT) also offers exclusive online auctions for distressed assets. This means you can snag valuable assets below market value when a borrower defaults on a loan.
As a COLT token holder, you can access even more perks, like reduced borrowing costs, exclusive auction access and staking rewards. Plus, experts predict that Collateral Network (COLT) will skyrocket from its current price of $0.01 to $0.35 in the near future.
Investing in Collateral Network (COLT) is a no-brainer. It’s a unique and practical solution for both borrowers and lenders in the crypto space. Don’t miss out on the presale.
Bitcoin (BTC)
In recent news, over 81,000 Bitcoin (BTC) call options worth $2.24 billion and 60,000 put options worth $1.73 billion will expire on Friday. Market makers have since held a short gamma position on the top side.
This means that if Bitcoin (BTC) experiences further gains, market makers will have to purchase the cryptocurrency, which could increase volatility. But experts are still unsure about the Bitcoin (BTC) price pump. The primary cause is a continuous drop in the dollar value of options contracts due for settlement.
The recent rally in Bitcoin (BTC) was caused by the US banking crisis, which lowered Federal Reserve interest-rate expectations. As a result, investors have been purchasing call options at higher strike prices.
Whether Bitcoin (BTC) is headed for a price pump or is simply experiencing a short-term surge in volatility is unclear. The Bitcoin (BTC) price rise remains unpredictable, and investors should exercise caution when buying more BTC.
Cardano (ADA)
The Cardano (ADA) native token, ADA, shows bullish signs and decoupling from the rest of the cryptocurrency market. This bullish trend may be due to large Cardano (ADA) holders holding over 10,000 ADA accumulating 1.03 billion ADA in the last five months. Santiment, a top crypto analytics platform, has noted this trend on Twitter and predicts that Cardano (ADA) may be moving toward its all-time high.
The Cardano (ADA) network has also seen significant developments in recent months. In January, Djed, the Cardano (ADA) overcollateralized dollar-pegged stablecoin, launched. The stablecoin aims to bring significant volume to the network’s decentralized finance ecosystem. Despite these developments, experts are still bearish about a potential price pump for Cardano (ADA) in the near future.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
