Despite the current market conditions, tokens like Chainlink (LINK) and Litecoin (LTC) have risen in value in the past week. However, their rise will allegedly be nothing compared to the anticipated price surge for Collateral Network (COLT).
Collateral Network (COLT)
The Collateral Network (COLT) is a platform dedicated to solving the archaic problems lending services face. Collateral Network (COLT) is building a platform where anyone can access short-term loans if there are physical assets to take them against.
Collateral Network (COLT) lets users borrow against physical assets digitally, thanks to blockchain and NFT technology.
For this to work, Collateral Network (COLT) grants short-term loans to people, accepting their physical valuables as collateral. The valuables are locked up in a safe vault, and an NFT equivalent of it is created and fractionalized.
Collateral Network (COLT) makes these fractionalized NFTs available to lenders, so borrowers gather the funds they need in exchange for paying it back along with a fixed interest rate. As a result, lenders receive a weekly passive income for their money. This way, investors and lenders gain something, and Collateral Network (COLT) will have succeeded in disrupting the lending systems.
If borrowers default to return the loan, Collateral Network (COLT) will auction the physical asset within the community at a price lower than the market value. Once it is sold, the network returns the money to the lenders.
The Collateral Network (COLT) platform will also have its governance token known as COLT. The Collateral Network (COLT) token will give its holders access to many benefits, including auctions, but it can also make them profits as the value is expected to rise.
The presale for the Collateral Network (COLT) token has kicked off in earnest, and already many smart investors are aping in at the low price of $0.01. As the presale continues, that value is scheduled to rise, and after it ends, COLT is expected to melt faces.
Last week, Chainlink (LINK) gained some upward momentum that went as high as 5% and had its investors rejoicing.
Unfortunately, it could not maintain its position, and the Chainlink (LINK) token encountered considerable sell pressure.
In just one day, the Chainlink (LINK) token’s fall erased all the gains it had made in the previous days. According to experts, the bullish strength of the Chainlink (LINK) token was weakening because of a decline in buyers, which was linked to a decrease in Chainlink (LINK) token demand and accumulation.
Analysts now believe that unless the demand for Chainlink (LINK) stays positive, it may go below its immediate support level, which will signal the bears.
If it does, as some experts have claimed, then Chainlink (LINK) is most likely to go higher than the 5% pump it recorded last week.
Litecoin (LTC) was designed to provide fast, secure, and low-cost payments. Since its creation, Litecoin (LTC) has become the second most popular pure cryptocurrency behind Bitcoin.
As it stands, Litecoin (LTC) is trading above $90 and has been for several days now, making people wonder if Litecoin (LTC)’s upward trend will be sustained. Some experts have claimed that for that to happen, Litecoin (LTC) must continue to make daily candlestick closures above any resistance zone.
Failure to do so could mean Litecoin (LTC) will see a decline that can fall below the $82 level. If Litecoin (LTC) does, the nearest support zone is reportedly $90.
If Litecoin (LTC) token price makes daily candlestick closures above $90, then some claim Litecoin (LTC) can hit the $99 mark. Litecoin (LTC) may push into the $100 area and above if it maintains that position for some time.
Find out more about the Collateral Network presale here:
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