With tokens such as (ADA) and (XLM) showing underwhelming price movements in the past week, traders and analysts alike are more enamoured by Collateral Network (COLT) – a project currently in its second presale phase that could overhaul the lending industry. With projected returns of up to 3500% soon, let’s look at what makes this presale star so exciting.
Cardano (ADA)
Recently, crypto expert Ali made a daring prediction about Cardano (ADA) reaching the $0.60 level. Ali claimed that Cardano (ADA) would confirm a head and shoulders pattern, perhaps triggering a breakout that may push Cardano (ADA) to $0.60.
At the time of writing, Cardano (ADA) is trading hands at $0.4162 with a market cap of $14.4B, up in the past day alone. The technical analysis for Cardano (ADA) also paints a bullish picture, with all its moving averages displaying buy signals.
However, the trading volume for Cardano (ADA) leaves much to be desired as it fell in the past 24 hours, currently at $424,369,834. In the ideal scenario, bulls push Cardano (ADA) past its resistance level of $0.48 and reach $0.60 by December 2023. But, if that does not occur, the token may fall below $0.38 as the trading volume keeps decreasing and the selling pressure grows.
Stellar (XLM)
Stellar (XLM) has seen some growth over the past week on the strength of the bigger market’s upward trajectory on the graphs. Also, the Stellar (XLM) price recently crossed $0.1, the first time in over a year. This movement can be attributed to the ninth anniversary of Stellar (XLM), which occurred in the last seven days.
However, this movement did not result in any significant surges for Stellar (XLM), as at the time of writing, it has a value of $0.09791, a fall overnight. The 24-hour trading volume for Stellar (XLM) has also decreased and now stands at $59,858,660.
On a positive note, the Stellar (XLM) technical analysis shows both its technical indicators and moving averages are green with strong buy signals. Analysts remain bullish for Stellar (XLM) as they predict it could reach $0.14 within Q4 of 2023. But, even if this does occur, investing in projects with more real-world use cases might be more profitable.
Collateral Network (COLT)
Collateral Network (COLT) is the first crypto challenger lender that allows individuals worldwide to unlock the total liquidity from physical assets they own.
For the first time, if you need funds, you can use physical assets, such as diamonds, jewellery, art pieces, etc., as collateral. Send the item to Collateral Network (COLT), which will then mint an NFT representing the physical version of the asset itself, resulting in it being 100% asset-backed. After fractionalization, the Collateral Network (COLT) lender community can purchase them partially – funding the loan and receiving a fixed interest rate in return.
This Ethereum-based crowdlending platform will also have a multi-chain capability which allows all users to lend across multiple blockchains for a reduced cost. Not only that, but individuals can also expect to see faster transaction speeds thanks to multi-chain integration.
The native token of the Collateral Network (COLT) platform, COLT, plays a crucial role in its ecosystem as it brings governance, passive income through staking, access to auctions for distressed items and more. COLT can now be yours for a presale price of only $0.014, but be quick – only 38% of the 1.4B token supply is currently available.
As the fan base for Collateral Network (COLT) grows due to its technological superiority, so will its token value. Some experts even predict a jump of 3500% within the next five months. This puts the COLT token in the $0.35 price range, and more price hikes will come when Collateral Network (COLT) gets listed on a significant exchange, 100x even.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
