The banking crisis has claimed its next victim: First Republic Bank. These failures in TradFi have made investors increasingly crypto-curious, and on-chain data shows signs of retail investors returning. On-chain data further shows Aptos (APT) holders rotating to Fantom (FTM) and enormous buy pressure for Collateral Network (COLT), leading analysts to predict a 3,500% price surge.
Collateral Network (COLT) eyes 3,500% growth
Collateral Network (COLT) is the first decentralized lending protocol that supports tangible assets. Collateral Network (COLT) forms the first bridge between on-chain liquidity and off-chain assets, putting it front and center of the real-world asset narrative.
Collateral Network (COLT) leverages a hybrid infrastructure model to onboard real estate, rare whiskey, fine art, jewelry, vintage cars, and more. The protocol mints 100% asset-backed NFTs, which owners can fractionalize and use on Collateral Network’s (COLT) marketplace to access global liquidity pools.
With the potential to bring trillions of TVL (Total Value Locked) into DeFi, Collateral Network (COLT) has been earmarked as a top contender for growth in 2023 by analysts who expect the real-world narrative to power the coming bull cycle.
$COLT, the native token, unlocks the platform’s true functionality entitling holders to discounts, access to private auctions, and passive income opportunities through staking. With plans to launch on centralized exchanges in the coming months, many expect that early $COLT investors could see a 100X on their initial investment.
How much Aptos (APT)?
Aptos (APT) made an impressive partnership with Mastercard, but investors do not seem interested, instead rotating their holdings into Fantom (FTM). Analysts stated that given the large percentage of Aptos’s (APT) total supply held by Venture Capital firms, retail is cautious of holding the Aptos (APT) token until it has been fully vested.
The selling pressure from these groups has consistently pushed the price of Aptos (APT) down since late January. This new layer one blockchain leverages the Proof of Stake consensus mechanism and powers fearsome throughput thanks to its parallel processing capabilities.
One thing holding Aptos (APT) back is its lack of ecosystem; despite its huge market valuation, Aptos (APT) only has a TVL of $50 million, which is tiny compared to other layer ones with similar market caps. Analysts gave a middle-of-the-road price prediction for Aptos (APT), ranging from $17.03 to $18.06 in 2024.
Fantom (FTM) Hackathon Excites Investors
Fantom’s (FTM) has excited investors because Amazon Web Services sponsored its Q2 Hackathon. Fantom (FTM) has also benefited from the improving market sentiment as Fantom (FTM) remains one of the best-performing alt-coins in a risk-on environment.
Andre Cronje, a core contributor at Fantom (FTM), recently teased the launch of a crypto-friendly bank on Twitter, which given the closure of Signature and Silvergate, would be a huge boon for the industry.
Analysts remain bullish on Fantom (FTM) long-term predicting it will trade between $1.26 and $1.42 in 2024. They cited the announcement of the Fantom Virtual Machine (FVM), which will scale the Fantom (FTM) network by changing the storage mechanism of the network.
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
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