In a remarkable turn of events, Bitcoin (BTC) and Ethereum (ETH) have both experienced a 10% price pump, while the innovative Collateral Network (COLT) has rallied a staggering 40%. Collateral Network (COLT) is also projected to achieve a 3500% return in the coming months.
Bitcoin (BTC)
The price of Bitcoin (BTC) has increased by 9.12% over the past month as it approaches the crucial $30,000 threshold. The most recent analysis suggests that Bitcoin (BTC) has established a solid foundation beneath this level. The present Bitcoin (BTC) supply structure resembles patterns observed in early 2016 and early 2019.
The report reveals that the Bitcoin (BTC) Long-Term Holder (LTH) supply is close to setting a new all-time high, with a total supply balance of 14,161 million Bitcoin (BTC). In contrast, short-term Bitcoin (BTC) holders (STH) have maintained a comparatively stable supply balance of 2,914 million Bitcoin (BTC) in 2023.
The current market capitalization of Bitcoin (BTC) is $558.10 billion, and its 24-hour trading volume is $20.43 billion. Notably, the Bitcoin (BTC) year-to-date increase of 77.65% has reinforced the dominance Bitcoin (BTC) holds in the cryptocurrency market.
Ethereum (ETH)
Ethereum (ETH), one of the best-performing cryptocurrencies, has increased by 16.15% over the past month and 8.35% over the past five days. During the first four days of the Ethereum (ETH) Shapella hard fork, over one million ETH worth $2.1 billion were withdrawn from the Beacon Chain of Ethereum (ETH).
As a result, Ethereum (ETH) price surpassed $2,100 for the first time in 11 months. The Ethereum (ETH) withdrawals resulted from 473,700 withdrawal requests, with the highest withdrawal day occurring on Saturday April 15th with 392,800 ETH.
Ethereum (ETH) addresses have not yet completely unstacked their Ethereum (ETH). It is conceivable that these addresses will sell their Ethereum (ETH) after acquiring their initial staked ETH. The market capitalization of Ethereum (ETH) is currently $235.38 billion, representing a year-to-date gain of 73.25%.
Collateral Network (COLT)
Collateral Network (COLT) leverages physical assets like real estate, automobiles, timepieces and gold bars to create fractionalized asset-backed NFTs that facilitate loan acquisition.
Borrowers seeking a loan can use their physical assets as collateral with Collateral Network (COLT). Users send the physical asset to the team so they can authenticate and value the item.
Subsequently, Collateral Network (COLT) initiates the minting of a non-fungible token (NFT) to symbolize the tangible representation of the asset. Then, the NFT, which is backed by the asset to the fullest extent, is fractionalised into smaller units, allowing numerous lenders to provide modest sums of capital and receive weekly fixed-interest returns in exchange.
Collateral Network (COLT) utilizes cutting-edge artificial intelligence (AI) technology to swiftly and accurately assess assets, enabling you to secure the maximum loan value available, all through digital means. Through the implementation of Collateral Network (COLT), the need for physical transactions and haggling over item worth will be obviated.
The Collateral Network (COLT) ecosystem is fueled by the native utility token, COLT, which empowers the platform. Collateral Network (COLT) investors are entitled to diverse incentives for holding the token, including discounted fees and governance rights.
Collateral Network (COLT) is currently trading at $0.014 in its second stage of presale and has experienced a 40% increase. Projections indicate a potential 3500% surge in value over the upcoming months.
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