Ethereum Attracts Crypto Whales With 8 Billion Trading Volume
Since its Shanghai Upgrade Ethereum (ETH) has been in the spotlight worldwide. Ethereum (ETH) staking is on the rise, and its value continues to increase while other mainstream projects struggle. With bullish price predictions for May, investors are now asking if Baby Doge Coin (BabyDoge) and Collateral Network (COLT) will be the next best investments 2023.
Collateral Network Seeks To Revolutionize Crowdlending
Collateral Network (COLT) is believed to be the next high return presale of 2023. After price increases of 40% and an additional 26% rise predicted in May, the number of investors buying Collateral Network (COLT) tokens has exploded as each looks to maximize their potential returns.
Collateral Network’s unique platform offers an alternative to traditional asset lending methods, using DeFi technology to help individuals unlock liquidity from their assets.
The challenger lender platform is designed for high value assets such as supercars, watches, yachts and diamonds, each of which is brought on-chain as an NFT, before being fractionalized and promoted to the Collateral Network (COLT) community.
Each NFT can be purchased in fractions, with investors lending small percentages of a loan until its fully funded. By lending money, investors can generate a passive income via a fixed interest rate, which is paid out until the loan is paid back. Should a borrower default on their loan however, their asset will be sold at a private auction to Collateral Network (COLT) token holders who purchased during the project's presale.
With the potential to revolutionize crowdlending, market experts have big expectations for Collateral Network (COLT), predicting it will rise to $0.35 over the next six months. Many speculate that additional price increases could also occur once COLT tokens are listed on major exchanges.
Ethereum Hits $1.9 Going Into May
Just five days into the month, Ethereum’s (ETH) value has increased by 0.53%, taking the price of Ethereum (ETH) to $1,917.11. Its recent upgrade has triggered a huge increase in Ethereum (ETH) trading and staking activity, with more investors staking Ethereum (ETH) than ever.
In the final two weeks of April, investors staked 100,000 Ethereum (ETH), which equaled more than the whole of March. This monumental achievement has helped investors regain confidence in Ethereum (ETH) and has attracted many new investors in the process.
With additional Ethereum (ETH) price increases predicted, Ethereum (ETH) has attracted a number of crypto whales, causing its daily trading volume to pass $8 billion.
Can Baby Doge Coin Recover After Recent Price Dips?
With memecoin trading surging over the past week, Baby Doge Coin (BabyDoge) is expected to become one of the best investments over the next few months. However, not all investors are confident after Baby Doge Coin (BabyDoge) decreased in value by 15.12% during the first week of May.
Nonetheless, Baby Doge Coin (BabyDoge) has continued to grow in regards to both trading volume and number of holders. In the last thirty days, the number of unique wallets holding Baby Doge Coin (BabyDoge) has increased by almost 1000, and daily trading volume was up by 62.76% on the 5th of May. As the number of investors buying Baby Doge Coin (BabyDoge) continues to rise, analysts anticipate a price increase in the next two weeks.
One Baby Doge Coin (BabyDoge) is currently selling for $0.000000002535 at the time of writing, which is seen as a huge bargain to investors looking to profit on future Baby Doge Coin (BabyDoge) price surges.
Find out more about the Collateral Network presale here:
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