Bard’s Bitcoin Price Prediction and the Rise of COLT vs. ETH
While the Bitcoin price prediction by Google Bard brings exciting insights for investors and market participants, the Collateral Network (COLT) token emerges as a groundbreaking innovation. COLT has already showcased remarkable growth during its presale, surpassing Ethereum (ETH) and attracting a major investor base.
Bard’s Crystal Ball Illuminates the Price Path of Bitcoin (BTC)
When asked about the Bitcoin possible price at the end of 2023, Bard AI responded with a range of possibilities. According to its research, Bitcoin (BTC) could reach $40,000, offering a bullish outlook for investors.
However, Bard AI cautioned that there is also a possibility of the Bitcoin (BTC) price falling below $30,000, acknowledging the inherent volatility in the crypto market. The famous AI tool stressed the importance of considering various factors that may impact the Bitcoin price trajectory, including the state of the global economy.
A flourishing global economy tends to boost investor confidence, making them more inclined to invest in riskier assets like Bitcoin. Therefore, if the global economy thrives in 2023, it could positively impact the Bitcoin price. But, unfortunately, it doesn’t seem like that’s our reality following the COVID crisis.
As of now, BTC is trading at $27,785. After a sustained period of unusually low volatility, BTC is poised for a significant price jump, possibly reaching $32,000. This estimate is based on its calculated ‘true cost basis,’ which is determined by excluding permanently lost coins and focusing on the activity of active investors.
However, despite this optimistic prediction, many investors, weary from the bear Bitcoin market, might sell off their holdings once BTC hits this price, potentially dampening the expected surge.
Ethereum (ETH) Price Action and Whale Activity Signal Market Dynamics
Ethereum recently experienced a period of stability, hovering around the 100-day moving average of $1,790 before finding support and moving higher. However, during the consolidation correction phase since mid-April, the Ethereum price formed a descending wedge pattern.
During the day, the Ethereum (ETH) price reached the upper boundary of the wedge at $1.900, propelled by its recent surge, but it dropped immediately to the current price of $1,880.
In parallel, an Ethereum whale deposited 23,080 ETH, valued at approximately $44 million, just 20 minutes after the cryptocurrency’s price surpassed $1,904. This suggests that major holders are starting to capitalize on Ethereum’s recent upward movement.
Despite the sizable withdrawal, the Ethereum market performance started declining, suggesting that the broader market sentiment may turn bearish and push the price below the support line of $1,820.
If the Ethereum price breaches this support level, investors should pay attention to $1,817. If this level fails to hold, Ethereum will invalidate the bullish thesis and could trigger a correction to $1,703.
Collateral Network (COLT) Is Transforming Web3 Peer-To-Peer Lending
Collateral Network is revolutionizing Web3 peer-to-peer lending by integrating cutting-edge blockchain technology that enhances efficiency and security. Its unique approach enables users to unlock the value of physical assets through asset monetization, offering a range of benefits to investors and borrowers.
Imagine you own a valuable vintage car worth $400,000 and need liquidity.
First, you send your car to Collateral Network as loan collateral. Collateral Network will authenticate its value and safeguard the asset. Then, Collateral Network utilizes innovative technology to mint an NFT, serving as a digital representation of your physical asset. This way, the NFT becomes a 100% asset-backed investment opportunity. The NFT is fractionalized, allowing multiple investors to provide liquidity to the loan and receive passive income in return.
Upon repayment of the principal loan and the agreed-upon interest, Collateral Network burns the NFTs. Your vehicle is redeemed from Collateral Network’s vault, ensuring a seamless and efficient process.
Collateral Network provides a competitive edge to investors by offering increased liquidity and voting rights on upcoming listings to token holders. Currently trading at $0.014, analysts predict a significant surge in the Collateral Network (COLT) market value to $0.35 (a remarkable 3500% increase) in the coming months!
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
While the Bitcoin price prediction by Google Bard brings exciting insights for investors and market participants, the Collateral Network (COLT) token emerges as a groundbreaking innovation. COLT has already showcased remarkable growth during its presale, surpassing Ethereum (ETH) and attracting a major investor base.
Bard’s Crystal Ball Illuminates the Price Path of Bitcoin (BTC)
When asked about the Bitcoin possible price at the end of 2023, Bard AI responded with a range of possibilities. According to its research, Bitcoin (BTC) could reach $40,000, offering a bullish outlook for investors.
However, Bard AI cautioned that there is also a possibility of the Bitcoin (BTC) price falling below $30,000, acknowledging the inherent volatility in the crypto market. The famous AI tool stressed the importance of considering various factors that may impact the Bitcoin price trajectory, including the state of the global economy.
A flourishing global economy tends to boost investor confidence, making them more inclined to invest in riskier assets like Bitcoin. Therefore, if the global economy thrives in 2023, it could positively impact the Bitcoin price. But, unfortunately, it doesn’t seem like that’s our reality following the COVID crisis.
As of now, BTC is trading at $27,785. After a sustained period of unusually low volatility, BTC is poised for a significant price jump, possibly reaching $32,000. This estimate is based on its calculated ‘true cost basis,’ which is determined by excluding permanently lost coins and focusing on the activity of active investors.
However, despite this optimistic prediction, many investors, weary from the bear Bitcoin market, might sell off their holdings once BTC hits this price, potentially dampening the expected surge.
Ethereum (ETH) Price Action and Whale Activity Signal Market Dynamics
Ethereum recently experienced a period of stability, hovering around the 100-day moving average of $1,790 before finding support and moving higher. However, during the consolidation correction phase since mid-April, the Ethereum price formed a descending wedge pattern.
During the day, the Ethereum (ETH) price reached the upper boundary of the wedge at $1.900, propelled by its recent surge, but it dropped immediately to the current price of $1,880.
In parallel, an Ethereum whale deposited 23,080 ETH, valued at approximately $44 million, just 20 minutes after the cryptocurrency’s price surpassed $1,904. This suggests that major holders are starting to capitalize on Ethereum’s recent upward movement.
Despite the sizable withdrawal, the Ethereum market performance started declining, suggesting that the broader market sentiment may turn bearish and push the price below the support line of $1,820.
If the Ethereum price breaches this support level, investors should pay attention to $1,817. If this level fails to hold, Ethereum will invalidate the bullish thesis and could trigger a correction to $1,703.
Collateral Network (COLT) Is Transforming Web3 Peer-To-Peer Lending
Collateral Network is revolutionizing Web3 peer-to-peer lending by integrating cutting-edge blockchain technology that enhances efficiency and security. Its unique approach enables users to unlock the value of physical assets through asset monetization, offering a range of benefits to investors and borrowers.
Imagine you own a valuable vintage car worth $400,000 and need liquidity.
First, you send your car to Collateral Network as loan collateral. Collateral Network will authenticate its value and safeguard the asset. Then, Collateral Network utilizes innovative technology to mint an NFT, serving as a digital representation of your physical asset. This way, the NFT becomes a 100% asset-backed investment opportunity. The NFT is fractionalized, allowing multiple investors to provide liquidity to the loan and receive passive income in return.
Upon repayment of the principal loan and the agreed-upon interest, Collateral Network burns the NFTs. Your vehicle is redeemed from Collateral Network’s vault, ensuring a seamless and efficient process.
Collateral Network provides a competitive edge to investors by offering increased liquidity and voting rights on upcoming listings to token holders. Currently trading at $0.014, analysts predict a significant surge in the Collateral Network (COLT) market value to $0.35 (a remarkable 3500% increase) in the coming months!
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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