Bitcoin (BTC) is up 7% in the last seven days following a recent minor correction, leaving many Bitcoin (BTC) investors wondering if another price surge is on the way. Such an increase would be great for Baby Doge Coin (Baby Doge) and Collateral Network (COLT), as a Bitcoin (BTC) surge would trigger a rise in market trading volume.
Bitcoin (BTC) is up 7% in the last seven days following a recent minor correction, leaving many Bitcoin (BTC) investors wondering if another price surge is on the way. Such an increase would be great for Baby Doge Coin (Baby Doge) and Collateral Network (COLT), as a Bitcoin (BTC) surge would trigger a rise in market trading volume.
Collateral Network – A Ecosystem Of Opportunities For Investors
Collateral Network (COLT) is a new DeFi project with a focus on crowdlending. It overhauls many of the traditional crowdlending procedures, removing the inconvenience of paperwork, credit checks and complex lending protocols. To achieve this, Collateral Network makes use of smart contracts to create a seamless lending process that’s both secure and immutable.
This process begins when assets are brought on chain using NFT tech and fractionalized. Each NFT is then sold to the Collateral Network community, who purchase NFT fractions and earn a passive income. This essentially allows investors to become their own mini bank, generating a fixed interest rate for the duration of their loan.
COLT tokens are currently being sold for $0.014 during stage one of the project’s presale, and will play an important role throughout the Collateral Network ecosystem. Holders will be granted staking opportunities, voting rights on future platform developments, and exclusive access to private auctions for distressed assets. During these auctions, COLT token holders will have the chance to purchase high-value assets at below market rates.
With COLT expected to hit $0.35 over the next few months, investors are quickly buying tokens before its price increases again.
Baby Doge Coin Daily Trading Volume Passes $16 Million
Baby Doge Coin (BabyDoge) daily trading volume has increased by 108.20% on the 5th of May, taking volume to $16.1 million at the time of writing. This increase is welcome news to the Baby Doge Coin (BabyDoge) community, who have experienced several price declines in the last week alone.
Baby Doge Coin (BabyDoge) is known for its support of animal adoption, though is now diversifying its use cases with a unique exchange and exclusive Baby Doge Coin (BabyDoge) card. These prepaid cards can be used for digital payments and have gained a huge amount of attention on Twitter.
As of the 5th of May, Baby Doge Coin (BabyDoge) has amassed a following of 1.9 million on Twitter, with its community creating and sharing a number of Baby Doge Coin (BabyDoge) memes to increase the project’s value. This has helped Baby Doge Coin (BabyDoge) build momentum and could take its value to new highs.
Will Bitcoin (BTC) Take Crypto Into Another Bull Run?
Bitcoin (BTC) price increases have led many investors to believe that the crypto market is finally leaving its recent bear run. Having recently broken several price barriers, Bitcoin (BTC) analysts now believe that Bitcoin (BTC) could hit annual highs should it break the $31k barrier.
Going into May, the general crypto market remains extremely bullish on Bitcoin (BTC), which remains the number one cryptocurrency in regards to daily trading volume. Daily trading volume has consistently hit over $15 billion, peaking at over $31 billion in April.
Although a Bitcoin (BTC) rise is great for investors, only a small percentage can capitalize due to its high barrier to entry. As a result, Baby Doge Coin (BabyDoge) and Collateral Network (COLT) are great alternatives that are easily accessible and could offer higher returns.
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