With cryptos such as The Sandbox (SAND) and Aave (AAVE) showing minimal returns, many investors are on the hunt for the next token that could yield tremendous gains. And our analysts believe they have found the perfect one, Collateral Network (COLT), a decentralized crowdlending platform that is set to evolve into a top-tier lending platform adopted by millions, and surge by over 3500% in its ongoing presale.
The Sandbox (SAND)
Recently, The Sandbox (SAND) announced the beginning of its April festival. An event that will bring SAND users many activities and prizes, lasting until May 2nd 2023.
This event sparked an interest in The Sandbox (SAND), with its token currently worth $0.6626, rising by 3.1% overnight. However, when looking at The Sandbox (SAND) technical analysis, we can notice a bearish sentiment with all of The Sandbox (SAND) technical indicators showing strong sell signals.
Moreover, The Sandbox (SAND) trading volume has decreased by 6% and now sits at $61,686,111. Analysts predict that The Sandbox (SAND) could reach its resistance level of $0.686 by December 2023. Still, The Sandbox (SAND) holders are growing more concerned as its technical indicators paint a different picture.
Balancer recently released brand-new Boosted Pools developed for Aave (AAVE) V3 markets. By creating Aave (AAVE) Boosted Pools, integrators gain the high-quality safety mentioned in the Aave (AAVE) Protocol.
At the time of writing, Aave (AAVE) has a value of $80.22, an increase of 1.9% in the past 24 hours. Nevertheless, a bearish sentiment can also be seen for Aave (AAVE), with its technical indicators and moving averages in red.
The 24-hour trading volume for Aave (AAVE) has also been lackluster, dropping by 10.39% and reaching $36,981,334. This falling volume may tip the scale in favor of sellers as Aave (AAVE) is predicted to fall to its support level of $75 within Q4 of 2023.
Collateral Network (COLT)
Collateral Network (COLT) is the first-ever decentralized peer-to-peer lending platform that allows you to borrow funds against physical assets on-chain.
Do you possess a valuable watch, a luxurious wine bottle, or a sports car? You can now use it as collateral for a short-term loan by sending it to Collateral Network (COLT), who will authenticate the asset and then mint an NFT backed by the asset itself, 1:1.
Afterward, this NFT will be fractionalized, and the Collateral Network (COLT) community can fund the loan by purchasing it partially by buying into the fractions of the NFT. These fractional lenders will obtain a predetermined interest rate paid out weekly as a reward.
The ideal option to unlock some funds and utilize assets in your home without negatively affecting your credit history is through Collateral Network (COLT). The Ethereum-based network will also have the ability to connect to many blockchains, reducing gas costs and enhancing processing times.
At the heart of the Collateral Network (COLT) platform and its ecosystem will lie its native token, COLT, which is currently available for just $0.014, up over 40% from its initial price in a matter of weeks. COLT holders obtain governance voting rights, access to private auctions for distressed items, trading/borrowing fee price cuts and more.
Analysts remain long-term bullish for Collateral Network (COLT) as they predict a $0.35 value for it by the end of its presale. This is a 3500% gain you do not want to miss out on, so buy the COLT token now, as Collateral Network (COLT) is currently offering a 40% deposit bonus for early presale buyers.
Find out more about the Collateral Network presale here:
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