Ethereum (ETH) is gearing up for a significant update called Shapella, which is scheduled to take place on April 12th

Updated Ethereum (ETH) Shapella Upgrade Timeline, Collateral Network (COLT) Surges During Presale and Bitcoin (BTC) Experiences Ongoing Fluctuations

Atalayar

04 de abril de 2023 (12:11 h.)

This week, Ethereum (ETH) continued to progress along its Shapella upgrade timeline, Collateral Network (COLT) estimated to surge 3500% during its presale, Bitcoin (BTC) experienced ongoing fluctuations and investors flocked to the Collateral Network (COLT) presale to grab COLT tokens for a discounted price of only $0.01.

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Ethereum (ETH)

Ethereum (ETH) is gearing up for a significant update called Shapella, which is scheduled to take place on April 12th. This eagerly awaited upgrade has got Ethereum (ETH) in the headlines again, as it can further propel the Ethereum (ETH) blockchain to a fully decentralized and scalable platform.

On the same day, Ethereum (ETH) network validators will gain access to their staked rewards, which they've earned by verifying transactions on the new proof-of-stake Ethereum (ETH) network.

The impact of Shapella's implementation on Ethereum (ETH) price could go in one of two directions this month. If the upgrade goes smoothly and Ethereum (ETH) emerges as a more reliable and robust asset, an influx of investors might boost the price toward $2,000.

On the other hand, there is speculation that Ethereum (ETH) validators may immediately sell their unlocked rewards, potentially causing Ethereum (ETH) to drop below the $1,750 support level and toward the $1,500 price level.

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Bitcoin (BTC)

The Bitcoin (BTC) market continued its volatile movements this week, with Bitcoin (BTC) alternating between gains and losses. The overall trend is up, however, with Bitcoin (BTC) trading above $28,000 for the first time since mid-2022.

The tug-of-war between buyers and sellers saw Bitcoin (BTC) fluctuate around the $26,600-$29,350 range. While Bitcoin (BTC) did not break past the $30,000 mark this week, technical analysts expect it to make a decisive move in one direction over the next few weeks.

It appears that investors are still betting big on the long-term potential of Bitcoin (BTC). Despite its choppy price movements, large institutions and corporations have continued to purchase large amounts of Bitcoin (BTC) in the face of macroeconomic uncertainty. This new wave of institutional investors could potentially drive the price of Bitcoin (BTC) above $30,000 in the near future.

Collateral Network (COLT)

Collateral Network (COLT) is a groundbreaking blockchain-based solution that is transforming the way people lend and borrow physical, real-world assets. As a pioneer in this space, Collateral Network (COLT) offers unparalleled advantages to borrowers and lenders, making it a standout in the growing world of decentralized finance.

At the heart of the Collateral Network (COLT) approach is the innovative use of fractionalised NFTs, which are minted by representing the real-world assets held by borrowers. By doing this Collateral Network (COLT), enables multiple different lenders to contribute to the same loan as they can lend money towards the fractions of the NFT.

Borrowers on Collateral Network (COLT) can secure loans against their assets without the need to sell them, and the entire process is completed in just 24 hours. This means that borrowers on Collateral Network (COLT) can access funds without impacting credit histories or having to wait for lengthy bank loan processing times. Lenders also are able to earn a passive income at a fixed interest rate through lending small amounts of money towards the NFTs and in the event of the loans not being repaid to them by the borrowers when the loans are fully raised, the assets are sold at auction which enables them to recoup their money back that they provided.

The fuel that powers Collateral Network (COLT) is its native token, COLT, which is priced at $0.01 during this first phase of the presale — presenting a rare opportunity to grab discounted Collateral Network (COLT) tokens before it is relisted on exchanges.