Bitcoin BTC And XRP XRP Lose Momentum As Collateral Network COLT Price Continues Meteoric Rise

4 May 2023

in XRP

Reading Time: 3 mins read

After huge price increases earlier in the month, Bitcoin (BTC) and XRP (XRP) have lost momentum. Bitcoin (BTC) has dipped below $30k, while XRP (XRP) has dropped below $0.5. This decline has triggered a decline in trading volume, with investors looking to diversify their portfolios. Collateral Network (COLT), on the other hand, continues to rise as its presale builds momentum and the price continues to increase.

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Will Bitcoin (BTC) Pass $31k In May?
After gradual price increases in the first three months of 2023, Bitcoin (BTC) jumped from $28.6k to $30.9k in just two weeks. This triggered a huge rise in trading volume throughout the crypto market, with many projects following this positive trend.

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However, as Bitcoin (BTC) looked to break the $31k barrier, its value crashed back down to $27.2k, where it stayed for over a week. While some investors remain bullish, daily trading volume has decreased from over $40 billion to $22 billion in just a few days, suggesting that Bitcoin (BTC) is losing its momentum.

Nonetheless, as the real-world banking market continues to struggle, it’s possible that Bitcoin (BTC) will rise in value again in May.

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XRP (XRP) Crashes By 16.92% In April
Much like Bitcoin (BTC), XRP’s (XRP) momentum has slowed in April. After becoming one of the most sought-after cryptocurrencies in March, XRP (XRP) trading volume has almost halved from over $4 billion to less than $2 billion daily. At the same time, XRP’s (XRP) price has also dipped, with one XRP (XRP) token selling for $0.4759 at the time of writing.

Despite Bitcoin (BTC) bouncing back by 6.29% in the past five days, XRP (XRP) has continued to perform below the market average, with a slight increase of just 0.75%. While some crypto whales still remain bullish on XRP (XRP), other investors are now diversifying to optimize their returns.

Collateral Network (COLT) Predicted To Surge In May
Collateral Network (COLT) is quickly selling out during phase one of its presale after a 40% price hike in beta phase. With one COLT token currently selling at $0.014, bullish investors are looking to capitalize on price increases expected in May, with analysts speculating highs of $0.35 before the Collateral Network presale ends.

Collateral Network has attracted thousands of investors with its unique use case and real-world potential. Collateral Network (COLT) is designed to disrupt the crowdlending market by letting borrowers use their real-world assets as collateral for crypto loans using blockchain technology.

After being sent to Collateral Network (COLT) and priced using AI, assets are brought on-chain as NFTs. Each NFT is fractionalized so investors can buy a fraction instead of the whole NFT. Once an investor buys a fraction, they become a lender and are rewarded with a fixed interest rate. This rate is paid until the loan amount is repaid, after which the borrower’s assets are returned to them.

This process removes much of the red tape surrounding the traditional lending sector and lets borrowers raise funds from their assets in as little as 24 hours.

Collateral Network (COLT) tokens are currently selling fast due to low supply and surging demand. With predicted growth of 3000% plus, adding some tokens to your crypto portfolio now, could prove to be a lucrative move.