Ripple (XRP) has been doing well in 2023, but many investors are asking whether XRP will hit $0.8 or even $1 this year. Cardano (ADA) and Collateral Network (COLT) are two other projects showing great promise in 2023. Let’s take a quick look at Ripple’s expected future price and why Cardano and Collateral Network are still top favorites for many investors.
What was Ripple (XRP) highest price?
In the last few days, the price of Ripple (XRP) has surged by over 2.9%. Many analysts are optimistic that the price of Ripple (XRP) to climb up to $0.8 or $1 before the end of the year.
Launched in 2011, Ripple is a payment system based on the blockchain. XRP is the native token of the Ripple ecosystem and is used to pay transaction fees on the platform, among other things.
Ripple has been in the news lately because of their ongoing court case. The lawsuit filed by the United States Securities and Exchange Commission (SEC) alleges that Ripple is an unregistered security entity.
The lawsuit is, however, becoming weaker by the day. Many experts believe the suit may soon be decided in favor of Ripple. A significant hike in the price of Ripple is possible if it wins the court case.
Is ADA or XRP better?
Cardano (ADA) is another token that has been showing bullish signs lately. It is no surprise why many cryptocurrency investors are now turning to Cardano.
The current positive price action can be attributed to the fact that Cardano whales, with more than 10,000 ADA tokens, have accumulated 1.03 billion ADA tokens in just five months. Analysts predict that Cardano may soon hit another all-time high this year.
The Cardano network has also made some major developments in the last few months. For example, in January 2023, Cardano launched its dollar-pegged stablecoin.
Cardano also crossed the $180 million TVL mark recently. Furthermore, Cardano also hosts more than 124 projects. The combined developments and achievements have made Cardano a top favorite for many large crypto investors.
Collateral Network (COLT) the rising presale star
Collateral Network has also been on many crypto investors’ radars lately. Collateral Network is set to revolutionize the lending market by presenting the future of blockchain-based peer-to-peer lending.
Using the Collateral Network platform, borrowers can use their valuable physical assets as collateral to unlock liquidity. These physical assets currently accepted by the platform can be real estate, fine wines, jewelry, fine art, and watches. NFTs minted against the represent the item on the blockchain on a ratio of 1:1. The NFT is divided into fractions, meaning multiple lenders can buy as many fractions as they wish to provide funds for each loan. This allows them to build their own diversified portfolios of loans and control who and what they lend against, instead of Banks deciding.
Borrowers no longer need to sell their assets to raise money and lenders can achieve better rates of interest on their capital than they would in low paying savings accounts.
Collateral Network (COLT) is currently in stage one of its presale, with prices expected to surge significantly from the initial price of $0.01 per COLT token to $0.35 by the end of the presale.
Now is the time to be involved with a pioneering project aiming to disrupt the lending industry expected to be worth $1,721.38 billion by 2031.
Find Out More About the Collateral Network Presale Here:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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