The crypto market is finally seeing some positive traction, and Monero (XMR) and Stellar (XLM) are expected to join the rest of the market. While they look set to regain momentum, the crypto community focuses on Collateral Network (COLT), a new Web3 challenger promising 3500% growth.
Collateral Network (COLT)
Collateral Network (COLT) is revolutionizing the decentralized lending industry with its unique use of NFT technology.
With the ability to borrow money using tangible assets as collateral, Collateral Network (COLT) is bridging the gap between traditional finance and the blockchain. The Collateral Network (COLT) platform mints NFTs 100% backed by the physical asset.
Then the Collateral Network (COLT) team fractionalizes them so lenders buy fractions of the NFT in exchange for a small amount of the loan and a fixed interest rate paid weekly. This makes it easier for borrowers to access a network of peer-to-peer lenders instead of relying on a single lender.
Additionally, the Collateral Network (COLT) distressed asset auction site provides NFT holders with an added layer of security. This ensures they can acquire assets below market value in the event of a loan payment default.
With a promising roadmap and attractive features such as staking incentives and governance rights, Collateral Network (COLT) is quickly gaining attention. At its current presale value of $0.014, Collateral Network (COLT) presents an opportunity for up to 3500% returns.
Monero (XMR) is a well-established privacy coin that has existed since 2014. The Monero (XMR) price is currently trading at $158 and trying to regain momentum after a slight decline of 0.14% at the time of writing.
The price of Monero (XMR) is expected to make a bullish move in the near future, as it is currently trading above the 200-day EMA. One catalyst that may push Monero (XMR) to regain momentum is the Ethereum Shapella upgrade. As one of the remaining trusted Proof of Work (PoW) blockchains, Monero (XMR) offers a safe haven for those looking to earn from miners’ fees.
Furthermore, some people in the crypto community prefer Monero (XMR) to Bitcoin due to its focus on privacy. These strong signals have allowed buyers to maintain their stronghold, possibly pushing Monero (XMR) to regain momentum. It’s no surprise that many are closely monitoring Monero (XMR).
Stellar (XLM) has seen a positive development in its trend that favours buyers, as its value has increased since the start of the year. In January, Stellar (XLM) broke through a descending resistance line that had been in place for 616 days. This resulted in significant upward movements for Stellar (XLM).
After confirming the line as support, the price of Stellar (XLM) surpassed the long-standing resistance level of $0.100.
Stellar (XLM) also made headlines recently after BP Ventures completed an ISO 20022 on the blockchain. This standardizes data transfers for electronic payments across financial institutions worldwide. With this, banks can now leverage Stellar (XLM) and Circle USDC stablecoin while remaining compliant with ISO standards.
The recent news is visible in Stellar (XLM) weekly RSI. Analysts spotted an ongoing increase, which has surpassed the 50 levels. This indicates that a large Stellar (XLM) price increase could occur soon. This seems bullish for Stellar (XLM) and might be what it needs to regain momentum and reach new monthly highs.
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