The year 2023 has been a good one for the cryptocurrency market. Many projects have started to bounce back, and now, projects like TRON (TRX), Arbitrum (ARB), and Collateral Network (COLT) are predicted to surge. For instance, with its presale currently live, Collateral Network is predicted to obtain 3500% in returns before being listed in major exchanges.
Arbitrum (ARB) Set To Recover After 16% Dip
Arbitrum, a Layer 2 scaling solution, is on track to bounce back after a recent price dip took the value of its token to $1.1205. Arbitrum allows for better speed, scalability, and cost-efficiency on Ethereum and is one of the newest crypto projects in the market, only being released in March 2023.
Upon release, Arbitrum (ARB) trading volume quickly surged to $1.7 billion on April 18. This has since decreased to $350 million, though investors believe that Arbitrum is now on track to surge in May. Given the recent success of the Shapella upgrade, Arbitrum’s utility and potential have grown exponentially, which will drive up its value over the next few months.
While price predictions vary, bullish Arbitrum analysts believe the project could easily increase to $1.50, providing strong returns for investors who purchased the Arbitrum (ARB) dip.
TRON (TRX) Rises In Price As Crypto Growth Slows
TRON has outperformed most of the cryptocurrency market in the last week, increasing in value by 0.83% while popular alternatives plummeted. This growth has shown that the TRON community remains strong despite the recent controversy between the TRON founder and the US Securities and Exchange Commission (SEC).
TRON is now looking to diversify its portfolio and has agreed to develop the Domica Metaverse alongside the Dominica Digital Identity (DDID) and the Dominica Coin (DMC) projects.
One TRON (TRX) token is currently worth $0.06967, a 4.12% increase in the last month. Should TRON successfully implement these new projects, its value could grow exponentially in 2023, making TRON an extremely high-potential project.
Collateral Network (COLT) Set For Another 28% Price Surge
Collateral Network (COLT), a new project in the DeFi space, is rapidly building momentum following the sellout of its last presale stage, in which the value of COLT tokens increased by 40%. Now expecting an additional 28% rise in the next two weeks, early Collateral Network investors are being rewarded with huge profits for their loyalty.
Collateral Network differentiates itself from other projects with its unique use case. It’s the only project to use DeFi technology in the crowdlending market and overhauls many of the traditional crowdlending processes. Collateral Network lets borrowers unlock liquidity from high-worth physical assets, including bespoke watches, rare diamonds, real estate, fine wines, jewelry, and supercars such as Lambos and Porche’s.
Borrowers´ assets are sent to Collateral Network, where they’re assessed using AI to determine their value. After this, they’re minted as an NFT and sold in fractions to the Collateral Network community. Investors who choose to buy fractions will become lenders and generate a weekly passive income for the duration of the loan. Should a borrower default on their loan, their assets will be used to recoup lenders’ funds, being sold at a private auction for Collateral Network token holders.
COLT tokens, which grant holders numerous benefits (discounts on borrowing/trading fees, governance rights on the platform, and staking passive income), are expected to increase from $0.014 to $0.0168 once stage one of the Collateral Network (COLT) presale sells out, with tokens expected to hit $0.35 before the end of the Collateral Network (COLT) presale. Furthermore, those who are buying the tokens now are benefiting from a 40% deposit bonus. This is a good opportunity for a token that is forecast to increase by 100x once it hits the leading crypto trading platforms.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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