The cryptocurrency market has taken a hit in March, with many projects decreasing in value by over 10% in just a few days. However, Ethereum (ETH), Tron (TRX) and Collateral Network (COLT) are expected to rise over the next few weeks, outperforming the market in the process.
Ethereum Defies Market Trends With Shanghai Update
Ethereum (ETH) has already provided great returns for bullish investors in 2023. From January to March, the value of Ethereum (ETH) increased from $1,196 to $1,564 and is expected to rise again over the next few weeks.
Having recently announced its Shanghai upgrade, analysts expect Ethereum (ETH) to be one of the best performing cryptocurrencies of 2023. Over the last five days, Ethereum (ETH) has decreased in price by 3.85%, which is significantly lower than the market average. This above average performance for Ethereum (ETH) is a strong sign for things to come and has many investors anticipating a new price surge in the next few weeks.
Ethereum (ETH) Shanghai upgrade is set to be implemented later in the year, and will allow Ethereum (ETH) holders to stake their crypto without needing to lock up their funds.
TRON (TRX) Up By 2.60% In February
TRON (TRX) was one of the few cryptocurrency projects to make investors a profit in February, increasing by 2.60%. Currently the 14th largest cryptocurrency in the world, Tron (TRX) has grown exponentially over the past two months, experiencing its highest price in six months.
Tron (TRX) predominately focuses on the Asia crypto market, where its advertisements have lead to huge success. After a string of price increases in the past year, Tron (TRX) has announced that it will be leading the first Dominica Metaverse as well as the Dominica Digital Identity (DDID) and Dominica Coin (DMC) projects, pioneering Web 3 developments in the Caribbean.
Although it’s difficult to determine whether or not a project will increase in value, investors are extremely bullish on Tron (TRX), with daily trading volume surpassing half a billion USD on several occasions throughout February. Tron (TRX) is certainly a project to keep an eye on.
Collateral Network (COLT) Pioneers Web 3 Crowdlending Developments
Collateral Network (COLT) is a new decentralized crowdlending platform that looks to help borrowers unlock liquidity from their real-world assets by minting them as fractionalized NFTs. Collateral Network (COLT) is designed to simplify the crowdlending process, providing borrowers with access to loans from cryptocurrency investors, who can generate a passive income with their capital by funding the loan via the NFT fractions.
If an individual owns a watch worth $100,000 and wants a short term loan, Collateral Network (COLT) can mint an NFT physically backed 1:1 by that watch. This NFT is then fractionalized to make it affordable for investors with less capital who want to get involved. These lenders are then provided with a fixed interest rate in return for funding the loan.
All transactions on Collateral Network (COLT) are secured on the blockchain and have no impact on the individual’s credit rating. On average, borrowers can receive cash within twenty-four hours, without needing to undergo numerous checks.
COLT is the native token that powers this ecosystem, and through token ownership, holders will be granted discounts, staking bonuses, access to exclusive VIP groups, and governance rights throughout the platform. COLT tokens are currently available for $0.01 during stage one of the Collateral Network (COLT) presale, with token value predicted to rise throughout the coming months.
Find out more about the Collateral Network presale here:
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