Every investor has one thing on their mind, making long-term gains with a small investment. And the current crypto market is very conducive to that as many tokens such as Chainlink (LINK) and Uniswap (UNI) are rising in value after the fall of Signature and Silicon Valley Bank. However, Collateral Network (COLT), the world’s first Web3 challenger lender in phase 1 of its presale has also intrigued a lot of investors and crypto analysts, as they foresee a 3500% price hike for it real soon. Let’s see why.
To accelerate the use of decentralized, developer-owned code repositories, Devium has recently joined Chainlink (LINK) BUILD. In exchange, Chainlink (LINK) will provide network service providers access to 5% of their native token supply.
Currently, Chainlink (LINK) has a value of $7.33 with a market cap of $3.7B, up in the last 24 hours. Moreover, the technical analysis for Chainlink (LINK) also paints a positive picture, as its moving averages and technical indicators show strong buy signals.
Looking at the trading volume for Chainlink (LINK), we can see that it has decreased overnight and now sits at $224,935,421. Nevertheless, experts remain bullish for Chainlink (LINK) as they predict it will rise to $8.96 within Q4 of 2023. However, Chainlink (LINK) bulls must first push the token past its resistance level of $7.70.
It was recently announced that the zero-knowledge proof roll-up zkSync Era would be introduced by some of the most well-known entities in DeFi, including Uniswap (UNI). This news was met with praise from the Uniswap (UNI) community, causing its value to increase.
At the moment, Uniswap (UNI) has a price of $6.01, a jump in the last day alone. If Uniswap (UNI) can maintain this positive movement, analysts believe it could reach $8.12 by December 2023. The technical analysis for Uniswap (UNI) also shows that its current technical indicators are all green.
However, the trading volume for Uniswap (UNI) has decreased in the past 24 hours and now stands at $58,720,855. This could cause the selling pressure to mount, causing the Uniswap (UNI) price to consolidate around the $5-$6 mark.
Collateral Network (COLT)
The pawnbroking sector is dysfunctional and outdated, with people refusing to use it due to its current bad image. And that is where Collateral Network (COLT) comes in – a first-of-its-kind decentralized peer-to-peer lending platform that will allow users to borrow against valuable tangible assets such as elegant wines, high-end cars and expensive watches to list only a few of the eligible assets that the platform will accept.
Borrowers needing a short-term loan can use their real-world asset as collateral and bring it to Collateral Network (COLT), which will mint an NFT backed 1:1 by the borrower’s asset, store it on-chain and then fractionalize it. Afterward, Collateral Network (COLT) lenders can become mini banks as they fund the loans by acquiring NFT fractions for a fixed weekly interest payment.
Due to the decentralized nature of loans, the lender has total control and can ask for an early redemption anytime. Not only that, even if a borrower defaults on a loan, the collateral asset will be placed on a private Collateral Network (COLT) auctions site where COLT token holders can purchase them below market value.
Speaking of COLT, the Collateral Network (COLT) native token will bring holders a variety of perks such as trading/borrowing fee discounts, governance voting rights, staking rewards and more – all for a current price of just $0.01. But remember that only 38% of the $1.4B COLT token supply will be available during its presale, so buy it now before there are no more Collateral Network (COLT) tokens left.
We believe now is the perfect opportunity to purchase a potential blue-chip token expected to rise to $0.35 within the next six months – so sign up for the Collateral Network (COLT) presale now.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.