Despite a 6.46% price decline in the past week, Arbitrum (ARB) trading volume continues to rise and reached $1.7 billion on April 18.
Arbitrum (ARB) is the latest cryptocurrency to hit the headlines after its daily trading volume surpassed Bitcoin (BTC). The Layer 2 scaling solution has quickly become an international sensation, with an increase of 16.66% in the last month. Meanwhile, the Collateral Network (COLT) presale has seen a 40% price jump.
Arbitrum (ARB) Daily Trading Volume Exceeds $1 Billion
Arbitrum (ARB) is rapidly moving up the list of top cryptocurrencies after large increases in trading volume and a price surge that has driven ARB to $1.41. Despite a 6.46% price drop over the past week, Arbitrum (ARB) trading volume continues to rise, reaching $1.7 billion on April 18.
During its recent price spikes, Arbitrum (ARB) has outperformed many of the major cryptocurrencies in the market, including Solana (SOL) and Dogecoin (DOGE), which have declined 3.87% and 9.80%, respectively, in the last week. Despite recently declining 4.85%, Arbitrum (ARB) trading volume continues to rise, with crypto whales doubling their investments.
Collateral Network (COLT) Presale Demand Surges
With Arbitrum (ARB) potentially facing a market correction in the coming weeks, investors are diversifying their portfolios with Collateral Network (COLT), which has seen a large influx of buyers during April. Since its pre-sale began in February, the Collateral Network (COLT) has increased its price by 40%, with one COLT token currently priced at $0.014. The tokens are expected to rise in price to $0.0168, once 120,000,000 tokens have been sold, increasing returns for early investors to 68%.
In addition to great returns, the Collateral Network (COLT) is designed as a market disruptor for the crowdfunding industry. The platform allows people to unlock the liquidity of their physical assets by minting them on-chain as asset-backed NFTs. Once on-chain, each NFT is fractioned so that multiple investors/lenders can provide a percentage of the loan instead of the full payment all at once.
Investors are incentivized to lend cryptocurrencies with lucrative interest rates that allow them to generate passive income. Alternatively, investors can stake COLT tokens to generate income. Collateral Network (COLT) currently only accepts high-value assets, including diamonds, vintage cards, fine art, fine wine, real estate, and collectibles.
To keep borrowers safe, all transactions are completely private, and all NFT data is kept on the Blockchain to make it irrefutable. On average, borrowers can pay off assets in 24 hours and their credit rating will never be affected by the loans they take against their assets.
To end up, it is worth considering that while Arbitrum (ARB) appears to be falling in value, Collateral Network (COLT) is on its way to becoming the next big thing on the market. Showing huge potential and yields of 3500%, experts predict the project will ramp up in the next six months.
By Audy Castaneda
