You can’t miss the GOATs of the crypto space when looking for the top picks for 2023. Bitcoin (BTC) and Ethereum (ETH) have remained the top two cryptocurrencies by market cap since forever. There’s no doubt that early investors are the major beneficiaries and that’s why experts recommend Collateral Network (COLT), an upcoming crypto project with great potential to see 35x returns in light of its unique cryptolending applications.
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Ethereum (ETH) is both an incredible technology and a great investment option, with less chance to crash. Ethereum houses more than 3,000 dApps including top players like Sandbox (SAND) and Uniswap (UNI).
Ethereum (ETH) reached a high of $4,700 in November, 2021. But as the bear attacked in 2022 and FTX collapsed, Ethereum’s value dropped, resulting in a range of $1,300 to $1,500. Interestingly, experts believe this dip is a good time to invest in Ethereum (ETH) because significant improvements on the network will cause a surge in price soon.
Currently, Ethereum (ETH) is priced at $1,192.96. Analysts predict that the minimum price of Ethereum will be around $1,918.72 in 2023 while the maximum ETH price may be around $2,320.32.
Bitcoin (BTC), the first ever cryptocurrency, is still leading the game, whether the market is bullish or bearish. And hodlers are not weary because the amount of Bitcoin held in wallets is on the increase. However, both short-term and long-term investors appear to be sitting on more losses this December than ever before.
Nevertheless, Bitcoin (BTC) remains a store of value for most folks. Two unique factors that influence the value of Bitcoin (BTC) are its maximum supply of 21 million tokens and slow TPS. While the latter affects Bitcoin’s price negatively, the former has a positive impact.
As of this writing, Bitcoin (BTC) is valued at $16,667.23, which is pretty low for a coin that hit over $60k in November 2021. However, analysts predict that in 2023, the minimum price of Bitcoin (BTC) will be around $26,366.85 while the maximum price may be around $31,479.47.
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Collateral Network (COLT)
Collateral Network (COLT) is a new lending platform on the Ethereum blockchain that uses NFTs to aid loan transactions. Collateral Network makes it easy for lenders and borrowers to cash out their physical assets on the blockchain.
The Collateral Network (COLT) has real world utility because it helps people in need of cash but own physical assets, to convert those assets to fractionalized NFTs, lend them at convenient interest rates, and still earn a weekly income. Not only that, people in need of cash loans can also use small NFT fractions of their physical assets as collateral to get the money they need.
Additionally, COLT token holders will enjoy perks like discounts on transaction fees and interest rates. Also, they are in for massive gains as analysts predict that Collateral Network (COLT) will surge in price by 35x within the next 6 months.
Find out more about the Collateral Network presale here:
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