Ethereum (ETH) has recently tested its $1,800 support level, causing concern among investors about the cryptocurrency’s future performance. On the other hand, Collateral Network (COLT) looks set to pump up to 35x its current price, as it is gaining traction with investors during the ongoing presale of discounted COLT tokens. Let’s take a closer look at the two cryptocurrencies and their recent performance.
Will the $1,800 Support Level Hold for Ethereum (ETH)
For Ethereum (ETH), $1,800 has been a key support level for quite some time. Holding above this price point provides confidence to investors that Ethereum (ETH) is moving in the right direction, as a break below this level could signal further downside for the cryptocurrency.
Fortunately, Ethereum (ETH) recently tested its $1,800 support level and held above it. This is good news for investors looking to gain exposure to Ethereum (ETH), as it signals that the bullish rally could continue.
Ethereum (ETH) started the year trading at just $1,180, so the current price of $1,905 is an impressive gain for early investors. If Ethereum (ETH) continues to hold above its support level, we could see even higher gains in the near future.
However, the market remains shaky and highly volatile. After bouncing from $1,800 to $1,960, the market flash-crashed to $1,800 again in just 30 minutes. This drop seems to have been caused by fake news about Mt Gox Trustee selling large amounts of Bitcoin (BTC), which caused panic selling across the whole crypto market.
Collateral Network (COLT) Set for 35x Pump
Meanwhile, Collateral Network (COLT) is gaining traction with investors and looks set to pump up to 35x its current presale price of $0.014. The Collateral Network (COLT) presale is currently ongoing, with investors able to buy discounted COLT tokens and take advantage of a 40% deposit bonus.
Collateral Network (COLT) is a decentralized lending protocol where borrowers can access asset-backed loans. But Collateral Network (COLT) handles these assets in a unique way: the platform cleverly uses NFTs to symbolize the assets that borrowers put up as collateral.
Collateral Network (COLT)’s unique method enables numerous lenders to chip in for a single loan request, which welcomes new players to the lending game and boosts the flow of money. Borrowers no longer need to search high and low for the perfect lender.
To further streamline the process, Collateral Network (COLT) uses smart contracts that automate all of the loan procedures. This removes human intervention, long paper trails, and administration fees from the equation.
COLT tokens serve as exclusive keys to the Collateral Network (COLT) world, granting users access to its benefits, such as better loan conditions, zero-interest lending, more loan choices, and price cuts when utilizing the platform.
With these features in place, Collateral Network (COLT) is set to revolutionize the trillion-dollar lending industry. Market analysts are quick to note that capturing just 1% of this market would give Collateral Network (COLT) a valuation in the billions.
It’s no surprise, then, that investors are already piling into the COLT presale and getting ready for the rewards of this exciting project. With a 35x pump on the horizon, Collateral Network (COLT) looks set to become one of the biggest crypto success stories this year.
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
- Recent Posts
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
Latest posts by Guest Author (see all)
Leave a Reply
Download our App for getting faster updates at your fingertips.
Top Rated Cryptocurrency Exchange