Cardano Praised For Recent Developments, Will Pepe And Collateral Network 10x In 2023?

As competition throughout the DeFi space continues to ramp up, Cardano (ADA) has become a strong competitor with several developments in the past month. Although these have had little influence on Cardano’s (ADA) price, investors believe Cardano’s (ADA) value could explode in 2023. Meanwhile, analysts believe that Pepe (PEPE) and Collateral Network (COLT) could offer even greater returns.

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Collateral Network (COLT) Is Selling Fast As A 28% Rise Approaches

As much of the crypto market begins to slow down, Collateral Network (COLT) looks to increase once again. The project has already risen 40% during its presale, with early investors looking to profit by 68% following the next COLT price increase.

Collateral Network (COLT) is the first project to use DeFi technology to disrupt the lending industry worth over $500 billion dollars a year . The platform lets individuals unlock liquidity from their real-world physical assets by using them as collateral to borrow crypto.

The borrower’s asset is sent to Collateral Network (COLT) and valued using AI to give a fair market price. After being valued, the asset is brought on-chain as a fractionalized NFT and sold to investors who loan the money. Investors will earn a passive income for their loan until it's paid back.

COLT tokens are currently selling for $0.014 per token during stage one of the Collateral Network (COLT) presale. With the stage one almost 50% sold out, their value is expected to rise again this week, with returns of 3500% predicted by analysts before the presale ends.

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Is Pepe (PEPE) The Next Big Memecoin?

For the first time since the introduction of Shiba Inu (SHIB), the memecoin industry has been disrupted. Pepe (PEPE), a new cryptocurrency based on the pepe meme, has attracted over 78,000 investors in just one week after a price surge of 1000%.

This surge has allowed Pepe (PEPE) to amass a following of over 220k followers on Twitter at the time of writing, with thousands of investors following every day. Although still new to the market, analysts are extremely excited about Pepe (PEPE), which has already outperformed every memecoin over the last week.

Despite being a new project, Pepe (PEPE) is available on MEXC Global, a popular memecoin exchange, and Coinmarketcap, which has further increased its trading volume. On the 1st of May alone, Pepe (PEPE) trading volume passed over half a billion dollars, making Pepe (PEPE) one of the fastest growing cryptocurrencies ever created. Although Pepe (PEPE) has decreased in price over the last 24 hours, investors anticipate another price increase in the next week.

Cardano (ADA) Solidifies Its Reputation As A Top DeFi Project

Cardano (ADA), the 7th largest cryptocurrency, has recently proven why its valued so highly. Despite decreasing by 2.25% in the last month, Cardano (ADA) recorded over 65 million transactions and has the highest cumulative code commits.

In addition, Cardano (ADA) based projects like Atomic Wallet and ADA Monsters have increased in popularity and Cardano (ADA) NFT projects have grown too. As Cardano (ADA) continues to scale, analysts believe Cardano’s (ADA) price could pass $0.4, potentially rising to $0.5 before the end of Q2.