Will The Bitcoin Cash Price Reach $200? Ethereum Classic and Collateral Network Remain Investor Favorites
Outpacing the growth rate of all major cryptocurrencies, Collateral Network (COLT) has ignited the bullish flair in the market. Even the dormant whales have become active in participating in the presale of Collateral Network (COLT), which is expected to give 100x profit to its investors this year. Meanwhile, Bitcoin Cash (BCH) and Ethereum Classic (ETC) have struggled to post any positive numbers due to the prevailing bearish sentiments around them.
Bitcoin Cash (BCH) Gains From Bitcoin’s Network Issue
Bitcoin Cash, which was designed to be cheaper and more scalable than Bitcoin, has gained from the recent technical issues in the BTC ecosystem. Recently, the Bitcoin network suffered a massive congestion issue and a mammoth rise in its gas fees, prompting many users to use Bitcoin Cash.
However, experts believe that the latest migration of developers and users from Bitcoin to Bitcoin Cash can only be for a temporary period. This opinion can be corroborated by the price movement of Bitcoin Cash. The market value of Bitcoin Cash (BCH) witnessed a surge of about 11% in 24 hours on May 9 but has been going downhill since then. Currently, Bitcoin Cash (BCH) is available to trade at $116.35. Hence, experts doubt whether Bitcoin Cash (BCH) can reach $200 in the coming months.
![Collateral Network]()
Ethereum Classic (ETC) Suffers From Its Inactivity
Although the overall market has seen extreme volatility in recent weeks, Ethereum Classic has shown some resiliency. Ethereum Classic has been able to garner support from investors and users. Subsequently, the market value of Ethereum Classic (ETC) has registered a surge of 2% in the past week. Ethereum Classic (ETC) is currently available to trade at $18.40.
However, Ethereum Classic (ETC) is still 90% down from its all-time high of $176.16. Meanwhile, Ethereum Classic has announced organizing the upcoming Proof-of-Work summit. But experts believe that Ethereum Classic needs to bring new upgrades to the network to compete with the rising popularity of Ethereum and other blockchains.
Collateral Network (COLT) Rising Quickly On The Growth Chart
Collateral Network is a blockchain-powered platform that aims to reshape the crowdlending industry, with its one-of-a-kind business roadmap, by helping people to unlock liquidity against their real-world assets within 24 hours.
The platform currently accepts fine wines, vintage cars, art, watches, and more, as collateral to unlock liquidity. To do so, Collateral Network mints an NFT that represents 100% of the borrower’s physical asset and fractionalizes it so multiple users can lend liquidity for a single loan.
Collateral Network allows users across the globe to take loans without exposing their credit history. Collateral Network does the valuation and authentication of collateralized assets through artificial intelligence before minting NFTs against them. Thereafter, Collateral Network sells NFTs in a decentralized marketplace and stores the collateralized assets in its secure vaults.
Lenders get a weekly passive income in return for providing liquidity. The platform has a fund recovery mechanism too. If any borrower defaults, their collateralized assets are auctioned off to recover funds.
The presale phase of Collateral Network (COLT) began at $0.01 and has reached $0.014. Further, the value of a COLT token is expected to rise by 3500% during the presale round and by a further 100 once it hits major exchanges.
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
Outpacing the growth rate of all major cryptocurrencies, Collateral Network (COLT) has ignited the bullish flair in the market. Even the dormant whales have become active in participating in the presale of Collateral Network (COLT), which is expected to give 100x profit to its investors this year. Meanwhile, Bitcoin Cash (BCH) and Ethereum Classic (ETC) have struggled to post any positive numbers due to the prevailing bearish sentiments around them.
Bitcoin Cash (BCH) Gains From Bitcoin’s Network Issue
Bitcoin Cash, which was designed to be cheaper and more scalable than Bitcoin, has gained from the recent technical issues in the BTC ecosystem. Recently, the Bitcoin network suffered a massive congestion issue and a mammoth rise in its gas fees, prompting many users to use Bitcoin Cash.
However, experts believe that the latest migration of developers and users from Bitcoin to Bitcoin Cash can only be for a temporary period. This opinion can be corroborated by the price movement of Bitcoin Cash. The market value of Bitcoin Cash (BCH) witnessed a surge of about 11% in 24 hours on May 9 but has been going downhill since then. Currently, Bitcoin Cash (BCH) is available to trade at $116.35. Hence, experts doubt whether Bitcoin Cash (BCH) can reach $200 in the coming months.
![Collateral Network]()
Ethereum Classic (ETC) Suffers From Its Inactivity
Although the overall market has seen extreme volatility in recent weeks, Ethereum Classic has shown some resiliency. Ethereum Classic has been able to garner support from investors and users. Subsequently, the market value of Ethereum Classic (ETC) has registered a surge of 2% in the past week. Ethereum Classic (ETC) is currently available to trade at $18.40.
However, Ethereum Classic (ETC) is still 90% down from its all-time high of $176.16. Meanwhile, Ethereum Classic has announced organizing the upcoming Proof-of-Work summit. But experts believe that Ethereum Classic needs to bring new upgrades to the network to compete with the rising popularity of Ethereum and other blockchains.
Collateral Network (COLT) Rising Quickly On The Growth Chart
Collateral Network is a blockchain-powered platform that aims to reshape the crowdlending industry, with its one-of-a-kind business roadmap, by helping people to unlock liquidity against their real-world assets within 24 hours.
The platform currently accepts fine wines, vintage cars, art, watches, and more, as collateral to unlock liquidity. To do so, Collateral Network mints an NFT that represents 100% of the borrower’s physical asset and fractionalizes it so multiple users can lend liquidity for a single loan.
Collateral Network allows users across the globe to take loans without exposing their credit history. Collateral Network does the valuation and authentication of collateralized assets through artificial intelligence before minting NFTs against them. Thereafter, Collateral Network sells NFTs in a decentralized marketplace and stores the collateralized assets in its secure vaults.
Lenders get a weekly passive income in return for providing liquidity. The platform has a fund recovery mechanism too. If any borrower defaults, their collateralized assets are auctioned off to recover funds.
The presale phase of Collateral Network (COLT) began at $0.01 and has reached $0.014. Further, the value of a COLT token is expected to rise by 3500% during the presale round and by a further 100 once it hits major exchanges.
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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