SPONSORED POST*
If there’s one way to profit from the crypto market, it’s by following the moves of whale investors. Often dictating the market, crypto whales have recently been investing heavily in projects like Ripple (XRP), Cardano (ADA) and Collateral Network (COLT), which is in its first phase of presale with a $0.01 token price, to optimize their portfolios. Here’s why.
Summary
Ripple (XRP) Surges Following Whale Investments
Despite being commonly overlooked in the market, Ripple (XRP) has recently become a fan favorite amongst cryptocurrency whales. Investors have poured multiple millions into Ripple (XRP) over the past two weeks, which has offered great returns for Ripple (XRP) in line with the rise of Bitcoin (BTC). However, having increased in price by 39.82% in the last month, investors are now asking how much longer this rise for Ripple (XRP) will continue.
Daily trading volume has averaged $2 billion over the past few days, though some investors believe it may be too late to profit from Ripple (XRP). Recent market corrections have shown that large price increases are usually followed by a crash, which some analysts are anticipating in April for Ripple (XRP). As a result, whales are now looking for other investments to continue boosting their profits.
Cardano (ADA) Up 14% At The End Of March
Much like Ripple (XRP), Cardano (ADA) is also on the rise, increasing by 14% in the last five days alone. Currently available for $0.3947, Cardano (ADA) is up by 12% throughout March, offering good returns to investors who bought Cardano (ADA) early.
However, the Cardano (ADA) daily trading volume has been fluctuating over the last week, with just $200 million in trading volume on the 26th March. This suggests that some investors may now be backing away from Cardano (ADA), with analysts stating the Cardano (ADA) project could have hit a new price barrier, preventing Cardano (ADA) from increasing any further until broken.
Collateral Network (COLT) Could Outperform Ripple (XRP) And Cardano (ADA)
Collateral Network (COLT) has started the first stage of its presale on a high, attracting thousands of investors with its potential to surge by 3500% over the next six months. Investors believe that Collateral Network (COLT) could be the next big project the market is waiting for, and are eagerly awaiting a price increase as the first stage of its presale quickly sells out.
Collateral Network (COLT) offers a unique alternative to traditional pawnbroking. Instead of selling their valuable assets at a store, asset owners can take out a loan using 100% asset-backed NFTs. Each NFT created will be backed 1:1 by their physical asset, and fractionalized to allow several lenders to lend funds with just a small amount of money to raise the full amount required for the loan by the borrower.
By doing this through Collateral Network (COLT), borrowers can take out a short term loan without selling their assets in the process. Lenders are incentivized to lend money with fixed interest rates, which essentially lets them become their own bank.
All deals are completed on-chain and have no impact on the borrower’s credit rating. Additionally, funds can be received within 24 hours on Collateral Network (COLT), instead of needing to wait days or even weeks.
Collateral Network (COLT) is currently in the first phase of its presale, with 38% of the 1.4 billion COLT token supply selling during several presale stages. COLT tokens are selling at $0.01, though with price estimates going as high as 3500%, tokens could rise to $0.35 before the Collateral Network (COLT) presale ends.
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
*This article was paid for Cryptonomist did not write the article or test the platform.
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