The last few months have been turbulent for many cryptocurrencies. Most projects are down by over 10%, with Ripple (XRP) and Cardano (ADA) decreasing by 1.34% and 17.72%.
Meanwhile, Collateral Network (COLT) has started its presale with a bang, and is on track to increase in price in the next few weeks, with some analysts forecasting a colossal 35x price increase within the coming months.
Here’s why Ripple (XRP), Cardano (ADA), and Collateral Network (COLT) are expected to boom in April.
Ripple (XRP) Stays Strong During Market Declines
Ripple (XRP) was one of the best performing cryptocurrencies in February. Despite losing 1.34% of its value, Ripple (XRP) outperformed many of the top cryptocurrencies and now has holders excited about the next few weeks.
Given this excitement, Ripple (XRP) has given investors much to look forward to. After remaining stable during the latest market decline, Ripple (XRP) has increased by 7.42% to $0.3952 in the past five days. Many analysts believe this trend could continue throughout March, with Ripple (XRP) potentially reaching $0.5 before the end of the month.
Cardano (ADA) Price Struggles But Trading Volume Is Up
Cardano (ADA) has recently become the seventh-largest cryptocurrency in the world, with a market cap of $11.2 billion. This growth suggests that Cardano (ADA) is cementing its reputation amongst DeFi developers, with the number of developers using Cardano (ADA) on the rise.
Cardano (ADA) has been used to develop popular projects like ADA Monsters and Atomic Wallet, with hundreds of new DeFi applications and NFT projects currently being built.
The value of Cardano (ADA) gradually declined throughout February, with a total decrease of 17.72% in the last thirty days. Despite this negative price trend, investors are buying more Cardano (ADA) than ever.
Cardano’s (ADA) daily trading volume is up by 22.13% in the past 24 hours, passing the $300 million barrier. This suggests that holders remain bullish on Cardano (ADA) and expect its price to rise soon.
Collateral Network (COLT) Could Offer Higher Returns Than Ripple (XRP) And Cardano (ADA)
Collateral Network (COLT) is the world’s first crowdlending platform designed to simplify the lending process. With an ecosystem designed to benefit both borrowers and lenders, as well as lucrative rewards for Collateral Network (COLT) token holders, analysts expect that Collateral Network (COLT) could offer returns of over 3500% in the next few months.
Instead of selling their assets or going through a stressful liquidating process, borrowers can easily unlock cash from their assets using blockchain technology. Collateral Network (COLT) lets borrowers raise money from DeFi fractional lenders, who provide loans via the use of fractionalized NFTs which are minted, backed 1:1 by the physical assets.
By lending their capital to borrowers on Collateral Network (COLT), lenders will generate a passive income through a fixed interest rate, which will be agreed upon before the deal commences. Once agreed, the borrower can receive their money confidentially and within twenty-four hours.
This extensive ecosystem is powered by the COLT token, which grants holders various benefits ranging from staking bonuses to governance rights as well as access to exclusive VIP groups and discounts.
COLT token is currently selling for $0.01 during phase one of the Collateral Network (COLT) presale, with industry experts predicting that COLT tokens will surge 100x when they list on major exchanges.
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
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