Will Bitcoin Rise Again In May? Baby Doge and Collateral Network Gain Market Traction

Updated: 10 May 2023

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After a huge price surge in April, investors worldwide have their eyes on Bitcoin (BTC). With a large influence on the DeFi market, another Bitcoin (BTC) rise would result in an increase in trading activity across the industry, which could be a game changer for Baby Doge Coin (BabyDoge) and Collateral Network (COLT).

With Collateral Network (COLT) already increasing in price by 40% and Baby Doge Coin (BabyDoge) trading volume on the rise, a second Bitcoin (BTC) increase could take both projects to new highs.

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Collateral Network – The Fastest Growing Presale In 2023

Collateral Network (COLT) is gaining momentum during its presale after its value increased by 40%. This rise took the value of Collateral Network (COLT) tokens to $0.014, with tokens expected to hit $0.0168 when its current presale round sells out.

Collateral Network has created an exciting new way for borrowers to unlock cash from their physical assets. Instead of selling their assets, individuals can take a loan against them on the blockchain by minting them as NFTs. Each NFT is then sold in fractions, allowing several investors to provide funds at once.

This solution prevents the need for large amounts of paperwork or a credit check. Instead, Collateral Network uses smart contracts to process transactions that are discreet, secure, and immutable.

As its presale continues to grow, market analysts believe that Collateral Network could rise in value to $0.35 in the next six months, which would place Collateral Network (COLT) amongst some of the biggest crypto projects in the market.

Baby Doge Coin Price Declines But Trading Volume Increases

Baby Doge Coin (BabyDoge), a memecoin focused on animal adoption, has caught the attention of investors due to a recent surge in memecoin activity. Baby Doge Coin (BabyDoge) itself has performed poorly during this increase, though experts believe that Baby Doge Coin (BabyDoge) could be a strong investment in 2023.

Given the ever growing attention of the memecoin market, Baby Doge Coin (BabyDoge) could offer huge returns should it successfully gain traction. Early signs suggest that Baby Doge Coin (BabyDoge) is already doing just that, with the number of active crypto addresses holding Baby Doge Coin (BabyDoge) increasing by almost 1000 from April to May.

Should Bitcoin (BTC) increase in price and memecoin activity continue to rise, Baby Doge Coin (BabyDoge) would be in a strong position to surge in value.

Can Bitcoin (BTC) Hit A New Annual High In May?

An increase in the value of Bitcoin (BTC) would be huge for Baby Doge Coin (BabyDoge) and Collateral Network (COLT). In April, Bitcoin (BTC) increased in value following the collapse of several high profile banks, rising to $30,979. Bitcoin’s (BTC) price has since dropped to $29,120.00, though with the banking crisis continuing to influence markets worldwide, analysts are bullish on Bitcoin’s (BTC) growth.

Over the past week, the price of Bitcoin (BTC) has decreased slightly by 0.42%, though daily trading volume has remained over $15 billion. This suggests that investors are still bullish about Bitcoin (BTC) and with the banking crisis getting worse, many believe that Bitcoin (BTC) could easily pass $31k in May.

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