After struggling to hit $25,000 just one 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 remained turbulent, Bitcoin (BTC) has consistently increased in price, taking projects like Solana (SOL) and Collateral Network (COLT), which has already seen 40% returns, with it.
Bitcoin (BTC) Hits $30k, But How High Will It Go?
In the past five days, Bitcoin (BTC) has increased in price by 7.58%, adding an extra $2,113.32 to its value with one Bitcoin (BTC) now selling for $30,014. This is the highest value Bitcoin (BTC) has reached since July 2022 and suggests that the crypto bear market is coming to an end.
Having increased in price by 34.47% in the last thirty days alone, market analysts are now asking how high Bitcoin (BTC) will go. Most believe that Bitcoin (BTC) could hit $32k before the end of April, though not all are 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.
Solana (SOL) Up 20%, But Could It Be Too Late To Profit?
Solana (SOL) experienced a turbulent month in March following a fork in the Solana (SOL) blockchain, which caused throughput to crash. This created security concerns among holders, though Solana (SOL) has since bounced back in line with Bitcoin (BTC) trends.
Over the past 30 days, Solana (SOL) has increased in price by 20.26%, with a 15.31% price increase in the last five days alone. One Solana (SOL) token, at the time of writing, is worth $23.72, its highest price since February 2023. However, with Solana (SOL) relying on market trends, analysts believe it could 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 (COLT) Offers Strong Returns Despite Market Trends
Collateral Network (COLT) is a new DeFi project with great potential. Having already increased in value during its presale, 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) looks to offer great returns with its unique utility. Collateral Network (COLT) looks to influence the crowdfunding market by allowing borrowers to unlock liquidity quickly from their valuable real-world assets. Jewellery, cars and fine art are a few examples of usable, physical assets.
Each asset is brought on-chain in the form of a fractionalized NFT. Once on-chain, lenders can loan money in the form of NFT fractions instead of offering the full amount upfront. The borrower then repays the lenders to have their asset returned. However, should the borrower default on their payments, the asset will be auctioned to Collateral Network (COLT) token holders to ensure lenders are paid.
Collateral Network (COLT) showcases several benefits for users, including 2FA security options and secure transactions that never impact the borrower’s credit rating. Borrowers can also acquire funds quickly, receiving cash in just 24 hours.
Collateral Networks (COLT) native token COLT is currently selling for $0.014 during its presale after a recent price increase. Holders will earn several benefits throughout the Collateral Network (COLT) ecosystem and will have the potential to profit from the 3,500% price increase predicted over the next six 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
