Ethereum (ETH) Expected to Dump Following the Release of Staked ETH; Collateral Network (COLT) Predicted to 35x Before Summer – CryptoMode

The forthcoming Shanghai update has Ethereum (ETH) investors and experts worried, as it might spark a wave of selling, affecting the price performance of Ethereum (ETH).

Notwithstanding these worries, Ethereum (ETH) has lately shown amazing growth, ranking second on CoinMarketCap with a market valuation of $230.71B and a 24-hour volume of $11.34B, gaining 2.72% in the last 24 hours and 29.62% this month.

The Ethereum (ETH) Shanghai upgrade, also known as the Shapella hard fork, is expected to free up more than $33 billion in Ethereum stakes (ETH). According to Dune Analytics statistics, this represents around 15% of all Ethereum (ETH) with a market value of $33.73 billion.

With the Shapella update, 1.1 million Ethereum (ETH) will be accessible for withdrawal, causing market players to be concerned. This circumstance may prompt some Ethereum (ETH) holders to sell their tokens, generating a selling pressure worth billions of dollars. The staked Ethereum (ETH) balance cannot be instantly unstated with the upgrade.

Collateral Network (COLT) is a revolutionary crowdlending platform that leverages the processing power of the Ethereum (ETH) blockchain and asset-secured NFTs to provide collateralized loans. Collateral Network’s (COLT) innovative methodology sets it different from traditional financial institutions by providing borrowers and investors with more safety and clarity.

For example, Mike owns an item that otherwise wouldn’t be accepted as collateral in the traditional finance sector, such as a Rolex watch for $18,000. Mike can utilize the Collateral Network (COLT) to get a loan using that asset as collateral and he will get the watch back after the debt is paid.

Loans from the Collateral Network (COLT) are secured by asset-backed NFTs that are 1:1 representations of the actual assets pledged by borrowers. These NFTs are fractionalized through the Collateral Network (COLT), allowing lenders from all around the globe to discover loans they are comfortable backing.

The second presale round offers the COLT token at a price of only $0.014. By the time it hits exchanges, experts predict COLT’s price will have skyrocketed 35x to $0.35. Here is a chance to get in on the ground floor of an industry-altering initiative and reap the benefits of the Collateral Network’s (COLT) presale incentives.