Bitcoin (BTC) Price Hits $30,000, Solana (SOL) and Collateral Network (COLT) Set to Kick Off Altcoin Season

by James · April 15, 2023

Collateral Network

After struggling to reach $25,000 just a month ago, Bitcoin (BTC) has surged in value, breaking the $30k barrier and becoming one of the most profitable assets in the world once again.

While the traditional banking market has been turbulent, Bitcoin (BTC) has consistently increased in price, taking projects such as Solana (SOL) and Collateral Network (COLT), which have already seen 40% returnwith that.

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Bitcoin (BTC) Hits $30k, But How High Will It Go?

Over the past five days, Bitcoin (BTC) has increased in price by 7.58%, adding an additional $2,113.32 to its value with one Bitcoin (BTC) now trading at $30,014. This is the highest value Bitcoin (BTC) has reached since July 2022 suggesting that the crypto bear market is coming to an end.

After increasing in price by 34.47% in just the last thirty days, market analysts are now asking how high Bitcoin (BTC) will go. Most people believe that Bitcoin (BTC) could reach $32k before the end of April, although not everyone is as optimistic. Some experts have stated that Bitcoin (BTC) could have hit a new price barrier, which would limit returns for investors who get involved now.

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Solana (SOL) up 20%, but could it be too late to cash in?

Solana (SOL) experienced a turbulent month in March following a fork in the Solana (SOL) blockchain, which caused the flow to crash. This created security concerns among holders, although Solana (SOL) has since bounced back in line with Bitcoin (BTC) trends.

Over the last 30 days, Solana (SOL) has increased in price by 20.26%, with a price increase of 15.31% in the last five days alone. One Solana (SOL) token is currently worth $23.72, the highest price since February 2023. But with Solana (SOL) relying on market trends, analysts believe it may be too late to make short-term profits on Solana (SOL ), with many expecting the project to hit a price wall in April.

Collateral Network

Collateral Network (COLT) provides strong returns despite market trends

Collateral Network (COLT) is a new DeFi project with great potential. Having increased in value already during the pre-sale, analysts believe that Collateral Network (COLT) could offer a massive ROI of 35x for bullish investors.

Unlike many DeFi projects, which increase in value based on the market, Collateral Network (COLT) seems to provide great returns with its unique utility. Collateral Network (COLT) looks set to impact the crowdfunding market by allowing borrowers to quickly unlock liquidity from their valuable real-world assets. Jewellery, cars and art are some examples of usable, physical assets.

Each asset is brought into the chain in the form of a fractional NFT. Once in the chain, lenders can lend money in the form of NFT Fractions instead of offering the full amount upfront. The borrower then pays back the lenders to get the asset back. However, should the borrower default on their payments, the asset will auctioned to Collateral Network (COLT) token holders to ensure that lenders are paid.

Collateral Network (COLT) shows several advantages for users, including 2FA security options and secure transactions that never affect the borrower’s creditworthiness. Borrowers can also raise money quickly, receiving cash in just 24 hours.

Collateral Networks (COLT) native token COLT is currently trading for $0.014 during the pre-sale following a recent price increase. Holders will earn more benefits through the Collateral Network (COLT) ecosystem and will have the potential to profit from 3,500% price increase predicted over the next six months.