As the cryptocurrency market continues to grow, investors are always on the lookout for promising projects with the potential for significant growth. In this article, we will take a closer look at three top cryptocurrencies for April 2023: Cardano (ADA), Shiba Inu (SHIB), and Collateral Network (COLT).
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Cardano (ADA)
Cardano is a long-time favorite among investors. This blockchain platform with a focus on scientific research has just flashed a major bullish signal.
Founded in 2015 by Charles Hoskinson, also a co-founder of Ethereum, Cardano has a strong track record and community. Despite somewhat slow development, its community and developers have stuck with it.
One of the main features of Cardano is its unique proof-of-stake consensus algorithm, known as Ouroboros. This algorithm ensures that Cardano remains secure and operates smoothly, while maintaining scalability.
Recently, Cardano’s on-chain data flashed a major bullish signal. Specifically, on-chain data shows that over half of Cardano (ADA) holders have become long-term investors. This shift in composition indicates growing confidence in Cardano’s long-term potential.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a cryptocurrency that began as a joke, inspired by the popular meme of the Shiba Inu dog. However, Shiba Inu has since gained significant traction, with its expansive growing ecosystem.
One of the project’s most notable features is its aggressive marketing campaign, an ambitious roadmap and a strong community. Shiba Inu has a growing ecosystem
Recent comments from Shiba Inu lead developer, Shytoshi Kusama, hint at the progress on Shibarium. Shiba Inu’s layer-2 solution promises to offer a scalable and low-cost alternative for Shiba users.
While Shiba Inu faces some skepticism due to its memecoin status, its team is showing that the token is much more than that.
Collateral Network (COLT)
Collateral Network (COLT) is a web3 peer-to-peer lending platform that enables users and SMEs to borrow cryptocurrencies against physical assets on the blockchain.
The project aims to disrupt the traditional lending industry by providing decentralized lending protocols for real-world assets. Collateral Network enables users to put up real estate, fine art, vintage cars, collectibles and more as collateral for crypto loans.
Collateral Network provides borrowers with access to cash quickly and discreetly, with no red tape. For lenders, Collateral Network offers an asset-backed, safe income stream.
The project’s native token, COLT, provides discounts on borrowing fees and interest, discounts on trading fees in the marketplace, and more. It is currently available in a presale, with a limited supply of tokens available at a discounted price.
COLT’s initial starting price was $0.01 and has already risen to $0.014, which will grow to $0.35as the presale draws to an end. That is a potential 3500% growth for buyers that get in early. With a strong development team and a unique use case, Collateral Network is a top cryptocurrency to watch for April 2023.
Read about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2023/04/top-cryptocurrencies-for-april-2023-cardano-ada-shiba-inu-shib-and-collateral-network-colt