Cardano (ADA) is seeing significant recovery from the 2022 lows, Dogecoin (DOGE) prices are up on the monthly chart suggesting further growth and Collateral Network (COLT) shows great performance on the presale as it has an estimated 3500% price increase by the conclusion of its presale phase. So let’s examine Cardano (ADA), Dogecoin (DOGE) and Collateral Network (COLT) to get a clear picture of where they could head.
Cardano (ADA) has been steadily recovering despite dropping slightly at the beginning of April as Cardano (ADA) started the month by losing its support level of $0.40.
The dip sent a horde of whales and large token holders on a buying spree. They have acquired over 560 million Cardano (ADA) tokens worth over $218.4 million in just two weeks. The Cardano (ADA) large holders are capitalizing on the dip in anticipation of a price increase.
The buying spree is also a strong indication of the growing popularity of Cardano (ADA) among high-net-worth individuals and institutional investors. Moreover, the recent Cardano (ADA) buying spree shows that large investors are optimistic about a solid bullish moment this year.
As its monthly chart shows, Dogecoin (DOGE) has witnessed significant growth. In 2022, Dogecoin (DOGE) dropped notably, along with all the other cryptocurrencies. In fact, Dogecoin (DOGE) fell by close to 60% from its 2021 highs.
However, Dogecoin (DOGE) has been steadily recovering since the beginning of the year. Dogecoin (DOGE) is still one of the top coins on the market, with huge support from a dedicated community, including billionaire Elon Musk.
At the beginning of April, Dogecoin (DOGE) saw a massive price surge caused by none other than its biggest supporter Elon Musk. Dogecoin (DOGE) surged by over 33% on April 3rd after Elon Musk replaced the Bluebird Twitter logo with the DOGE symbol. After Musk tweeted the new logo and in just a matter of hours, the price of Dogecoin (DOGE) went up to $0.104, its highest since December 2022.
The Dogecoin (DOGE) market capitalization has also been rising since the year began, which is another reason for the excellent performance of the token on the monthly chart.
Collateral Network (COLT)
Collateral Network (COLT) is another token currently doing great in its presale. As the world’s first decentralized crowdlending platform, Collateral Network (COLT) allows borrowers to unlock liquidity from their physical assets, used as collateral.
What keeps attracting so many investors to the Collateral Network (COLT) presale is the project’s huge potential for democratizing the crowdlending industry.
Collateral Network (COLT) ensures that you no longer need to pawn or sell your physical assets when you want to get quick cash. Borrowers can use their physical assets, such as fine wines, real estate, or watches, as collateral to obtain the loan.
Borrowers wishing to obtain a loan need to send the physical asset to Collateral Network (COLT), which will authenticate the asset and store it in its vault until the full amount of the loan and interest is paid. Then, Collateral Network (COLT) mints an NFT backed 1:1 by the physical asset. Finally, the NFT is fractionalized, allowing multiple lenders to fund the loan amount. This way, Collateral Network (COLT) enables lenders across the globe to earn a fixed interest rate in return for lending money for loans.
Furthermore, holders of the Collateral Network (COLT) native token, COLT, enjoy several benefits, including governance rights, transaction discounts and staking rewards.
Collateral Network (COLT) is currently in its presale phase at $0.014, with demand for COLT tokens rising by the day. Experts predict the price of Collateral Network (COLT) to grow by 3500% during the ongoing presale.
Find out more about the Collateral Network presale here: