Since the crypto market boom in April many projects have slowly started to decline in price. This has caused trading activity to decrease as investors anticipate which projects will rise in value next. According to market experts, Ethereum (ETH), Pepe (PEPE), and Collateral Network (COLT) could be the best performers, with Pepe and Collateralnetwork.io already outperforming the general crypto market.
Collateral Network Pushes DeFi Into New Territory
Collateral Network (COLT) has created a buzz throughout the DeFi presale space with its unique application and huge potential. Having already sold out during the beta stage of its presale, after which it increased in price by 40%, Collateral Network has now sold almost 50% of its first stage supply. With momentum building fast, experts believe Collateral Network (COLT) could increase in price by 3500% before the end of its presale.
The peer-to-peer is designed to influence the trillion-dollar asset lending market. Its platform uses DeFi technology to let users unlock liquidity from their off-chain, physical assets. This is done by minting assets as fractionalized NFTs and promoting them throughout the Collateral Network community.
Once minted, individuals worldwide can offer loans and earn a fixed interest rate, essentially working as a mini bank. Interest is paid on the loan until it is fully repaid by the borrower. However, to keep lenders safe, if a borrower defaults on their loan their asset will be sold at a private auction for COLT token holders to recoup the lender’s money.
Collateral Network’s native token, COLT, is expected to increase in price over the next two weeks following a recent surge in buyers. One token is selling for $0.14, and early buyers will earn a number of rewards throughout the Collateral Network ecosystem.
Ethereum Continues To Thrive Post Shanghai Upgrade
Ethereum’s (ETH) Shanghai Upgrade has been a huge success for the world’s largest blockchain. Introducing a number of benefits, the upgrade allowed Ethereum (ETH) stakers to access $30 billion worth of staked Ethereum (ETH), which has resulted in an additional staking surge.
Over the last two weeks of April, 100,000 Ethereum (ETH) was staked, more than the total amount staked just one month earlier. This growth is a huge win for the Ethereum (ETH) community and has caused some projects to hire new validators to keep up with demand.
Ethereum (ETH) itself on the other hand has decreased in price following a surge which took one Ether (ETH) to over $2100. At the time of writing, one Ethereum (ETH) can be purchased for $1,892.87, and has increased in price by 2.38% in the last 24 hours.
Pepe (PEPE) Becomes The Next Big Memecoin
Pepe (PEPE) is the new memecoin that has investors flocking to buy. The project appeared overnight with a huge price rise of 1000% during a time when most cryptocurrencies were offering a 1-2% return. Pepe (PEPE) has quickly become the third largest memecoin and is on track to outperform Shiba Inu, with one Pepe (PEPE) being priced at $0.000001653.
After a slight decline, Pepe (PEPE) has surged another 71.10% in one day, and daily trading volume has increased to almost $400 million. The total number of unique addresses holding Pepe (PEPE) has also increased to over 80,000 according to CoinMarketCap.
As of the 4th of May, Pepe (PEPE) can be purchased on MEXC Global, though rumors suggest that Pepe (PEPE) will soon be listed on several mainstream exchanges should its growth continue.
Find out more about the Collateral Network presale here:
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.