Crypto experts have taken notice of a new project currently in Stage 1 of its presale that could evolve into a top-tier platform utilized by millions – Collateral Network (COLT). With analyst predictions forecasting a 35x price increase for the COLT token, investors are optimistic about the future of the project.
And while coins such as Fantom (FTM) and Litecoin (LTC) are not performing up to standards, many investors have now switched to this presale. Keep reading, as we will compare all three of these cryptos and see how they will fare in 2023!
Collateral Network (COLT)
Collateral Network (COLT) seeks to provide a world-first by establishing the very first decentralized crowdlending platform. On this platform, individuals in need of loans may send in physical items such as sportscars, jewelry, and watches as collateral.
Collateral Network (COLT) will then mint an NFT representing the physical version of the item, fractionalize it and store it on-chain. Afterward, the lending community can fund the loan while receiving a weekly predetermined interest rate.
Borrowers can use this platform to borrow money flexibly against their assets while maintaining privacy and transparency. Collateral Network (COLT) will also store all relevant data on the blockchain. This will differentiate Collateral Network (COLT) from other platforms currently available.
By acquiring the native token COLT during its presale, holders will obtain early entry to the VIP Club, which, if you join, will offer you private auctions on distressed items. Furthermore, holders will also acquire governance, staking rewards, and more for a current price of just $0.01.
Analysts believe it could rise nearly 3500% in the short term and reach $0.35 in the next few months, highlighting the immense potential of the token.
The redesigned Fantom Wallet (fWallet), which features an easy-to-use interface and integrates user feedback, was just published by Fantom (FTM). The Wallet now features added services for engaging with Fantom (FTM) and an updated user interface.
However, the Fantom (FTM) token has not reflected this positive news, as it now has a value of $0.4072, down 6.54% in the past 24 hours. When looking at the technical analysis for Fantom (FTM), we can also see that its moving averages are red.
On a positive note, the trading volume for Fantom (FTM) has risen by 33% in the past day alone and now sits at $239,338,585. Bullish analysts forecast that Fantom (FTM) could reach $0.51 before going south again, causing many Fantom (FTM) holders to look for other projects with more long-term growth potential.
Recently, Litecoin (LTC) was acknowledged as a commodity per a new classification by the United States Commodity Futures Trading Commission (CFTC). This news has been exciting for the Litecoin (LTC) community as regulators always look to crack down on cryptos.
Nevertheless, Litecoin (LTC) has a value of $86.27, a fall of 6.16% in the last day alone. Furthermore, the technical analysis for Litecoin (LTC) also shows a bearish situation for the coin, as all technical indicators display strong sell signals.
In contrast, the Litecoin (LTC) trading volume jumped by 68% overnight, at $688,762,735. According to bullish experts, if Litecoin (LTC) manages to break through the resistance level of $90, Litecoin (LTC) could reach $100 by the end of 2023.
Find out more about the Collateral Network presale here: