Ankr (ANKR) and Collateral Network (COLT) Rise as Bitcoin (BTC) Stalls at $29,000

This week, the crypto markets have seen some interesting movements as Bitcoin (BTC) stalls at around $29,000. However, other crypto assets, like Ankr (ANKR) and Collateral Network (COLT), have made headlines with strong investor interest, especially with the Collateral Network (COLT) presale attracting over $300,000 in purchases. Let's break down why these two cryptocurrencies have been rising in the midst of Bitcoin (BTC)'s stagnation.

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Collateral Network (COLT)

Imagine Collateral Network (COLT) as a groundbreaking, decentralized lending platform that uses blockchain technology to change the way people access loans. Forget about time-consuming paperwork and credit checks – Collateral Network (COLT) simplifies the process by focusing on assets used as collateral.

Collateral Network (COLT) tokenizes borrowers' assets into fractionalized NFTs, which allows multiple lenders to fund parts of the loan. This approach not only accelerates loan access for borrowers but also democratizes the lending industry by enabling more people to become lenders.

Collateral Network (COLT)'s smart contracts automate the loan process, making it secure and efficient, while the NFT's metadata contains all the loan information, ensuring transparency and a clear record for Collateral Network (COLT) borrowers and lenders.

Collateral Network (COLT)'s public presale is already making waves in the market, with its native token, COLT, trading at $0.01 per coin. Analysts predict a significant increase in the token's value as more investors recognize Collateral Network (COLT)'s potential to change a billion-dollar industry.

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Ankr (ANKR)

Ankr (ANKR) is a decentralized cloud platform that uses blockchain technology to provide developers with access to enterprise-grade infrastructure and services. As such, Ankr (ANKR) is an invaluable tool for anyone looking to develop and deploy dApps with minimal effort.

In a recent development, Ankr (ANKR) has forged a partnership with Microsoft, a global technology powerhouse. This collaboration will enable Ankr (ANKR) and Microsoft to deliver enterprise node services to clients, facilitating the seamless deployment and management of their applications.

This alliance serves as a significant endorsement for Ankr (ANKR) and highlights the project's esteem within the industry. It has also done wonders for the Ankr (ANKR) token price, which currently sits at $0.032 per token — up more than 100% since the start of 2023.

Analysts predict that Ankr (ANKR) will continue to rise as more users move onto their platform, and the Ankr (ANKR) token price revisit the all-time of $0.22 set in 2021.

Bitcoin (BTC)

2023 seems to echo the turmoil of 2008, with bank runs, hyperinflation, and a faltering global economy instilling anxiety in the markets. Despite these adversities, Bitcoin (BTC) remains unfazed, thanks to its decentralized foundation and limited supply.

Bitcoin (BTC) has experienced nearly 100% growth from its 2022 low of $15,600, leading some experts to suggest that a new bull run is already underway. However, Bitcoin (BTC) has since fallen to a current price of $28,400, with the asset's inability to break past $30,000 prompting many investors to take profits.

That said, Bitcoin (BTC)'s underlying fundamentals are built to weather the storm, and it won't take much to ignite its next bull run. Adoption is accelerating at an unprecedented rate, while institutional investors continue to flock towards Bitcoin (BTC) as a hedge against traditional markets.

Find out more about the Collateral Network presale here: