Crypto enthusiasts and experts have noticed Collateral Network (COLT), a unique project set for 35x returns that could soon become a market leader. But what makes this initiative currently in its presale stage so appealing to investors? Let’s look closer and put it up against prominent cryptos such as Axie Infinity (AXS) and Synthetix (SNX).
Collateral Network (COLT)
The current lending industry is riddled with issues such as regulatory red tape depending on your location, difficulty obtaining loans for non-traditional assets, low-interest rates from banks and plenty more. But, Collateral Network (COLT) will shake this industry up to its core as it brings the first-ever Ethereum-based decentralized peer-to-peer (P2P) lending platform that will allow all Collateral Network (COLT) users to borrow funds against physical off-chain assets.
With Collateral Network (COLT), you can unlock the total liquidity from alternative assets, such as jewelry, gold bars, sports cars, etc., without selling them. Simply send them to Collateral Network (COLT) as collateral, and they will mint an NFT backed 1-to-1 by the asset and stored on-chain. This NFT will then be fractionalized, and the Collateral Network (COLT) community of lenders will provide fractional loans to borrowers for an agreed interest rate via the NFT fractions.
Collateral Network (COLT) will use COLT as its native token, bringing benefits to its holders such as governance, access to auctions for distressed items and staking rewards. The Collateral Network (COLT) token is at a presale price of just $0.014. If you wish to purchase the COLT token, now is the right time, as experts predict that its value may surge by 3500% and reach $0.35 in the next five months.
Axie Infinity (AXS)
Recently, Philip La, the Axie Infinity (AXS) vice president of products and games, announced he would leave. This is just another hit to Axie Infinity (AXS), as it currently struggles with diminishing player numbers.
Axie Infinity (AXS) has primarily displayed bearish tendencies since the start of 2023, currently trading at $8.22, a fall overnight. On what should be a bright side, the Axie Infinity (AXS) trading volume has since decreased in that same time, reaching $45,087,151.
The technical analysis for Axie Infinity (AXS) shows a mixed sentiment, with the Axie Infinity (AXS) volume shift still below average, but the MACD line shows an upward movement. If Axie Infinity (AXS) can see a positive price movement soon, experts believe it won’t be noteworthy, as they see it rising to $9 by the end of 2023. If Axie Infinity (AXS) does not bring back some lost players, it could spell trouble for the AXS token down the line.
Synthetix (SNX)
The aim of Synthetix (SNX) to increase trade volume by dangling the reward of Optimism tokens seems to be beginning to bear fruit. As per information from DefiLlama, Synthetix (SNX) received $730,000 in trading fees in a single day during the last month.
Synthetix (SNX) has a value of $2.65, up in the past 24 hours, at the time of writing. On the other hand, the Synthetix (SNX) trading volume also increased in that same period and now sits at $58,374,566.
When checking out the technical analysis for Synthetix (SNX), we can see that most of the Synthetix (SNX) technical indicators show strong buy signals. But, the MACD’s channel line displays the downward velocity of the Synthetix (SNX) price. Analysts have taken notice of this Synthetix (SNX) line as they predict it could fall to its support level of $2.45 by December 2023.
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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