Home News Stand Fantom (FTM) and Aptos (APT) Prices Leave Much To Be Desired, While...

Fantom (FTM) and Aptos (APT) Prices Leave Much To Be Desired, While Collateral Network (COLT) Prepares For 35x Surge

Trump recently came out and said that the US dollar would lose its global dominance. This may be bad for the dollar but given that it trades inversely to digital assets, it’s great news for crypto investors. Analysts signal that Fantom (FTM) and Aptos (APT) look due to retrace after sluggish movement and bring attention to Collateral Network (COLT) an aggressive DeFi start-up redefining the concept of on-chain lending.

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Fantom (FTM) Continues to Struggle

Fantom (FTM) continues to push security on its network, with its Watchdog automatically auditing smart contracts and searching for vulnerabilities in the code. A new Web3 Defense Suite has also been released for Fantom (FTM). The Fantom (FTM) network remains highly committed to security, and given how expansive and volatile its DeFi ecosystem is, this should encourage Fantom (FTM) investors.

However, after a spectacular rally in January when Fantom (FTM) rallied beyond $0.60, this notoriously volatile token has since retraced and begun sideways movement. With no large upcoming catalysts, analysts predict that this sideways movement will continue for at least several weeks, and investors holding Fantom (FTM) should rotate into more profitable projects like Collateral Network (COLT). Long-term price predictions for Fantom (FTM) remain bullish, with analysts predicting a range between $0.82 and $1 in 2024.

Aptos (APT) Looks Ready to Dump

Aptos (APT) will be hosting a community hack on the 12th to 13th of April this year in Tokyo, and these hackathons often lead to interesting project developments. However, since Aptos’s (APT) monumental rally in January, Aptos (APT) has entered a bearish trend, and retail investors should be cautious when it comes to buying Aptos (APT).

Aptos (APT) was heavily funded and backed by venture capital groups, and as a result, these entities have huge holdings of Aptos (APT) tokens and will likely dump them on the market as soon as the price starts rallying. Aptos (APT) is a new layer one chain that uses a proof of stake consensus mechanism and introduces a new programming language called Move. Analysts remain bullish on Aptos (APT) long term with a forecast price of $21 in 2024, a decent move up from its current price of $11.50.

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Collateral Network (COLT) Continues Surging

While the market looks cautious and investors wait to see whether it will break to the upside or downside, Collateral Network (COLT), a challenger lender, continues to rip throughout its presale. It has already raised over $450,000, and the appetite to unlock liquidity from real-world assets on-chain continues to drive this runaway success.

Collateral Network (COLT) rests at the forefront of DeFi lending which until now has been restricted to over-collateralized crypto loans. Collateral Network (COLT) leverages 100% asset-backed NFTs to bring these off-chain assets into DeFi and on-chain.

For example, say Jim needs capital and owns a high-end watch but does not want to sell it due to its ability to appreciate- Collateral Network (COLT) also accepts real estate, vintage cars, fine art, rare whiskeys, diamonds, and much more. He can send the asset to Collateral Network (COLT), which will value the item with the help of artificial intelligence (AI) and mint an NFT 100% backed by the watch. Jim now has a fully liquid NFT he can use to access the institutional-level liquidity provided by lenders on Collateral Network (COLT), who in turn earn passive income from interest fee payments.

Collateral Network (COLT) unlocks liquidity for real-world assets and simultaneously brings vast amounts of value on-chain. Real-world assets have been highlighted as a critical area of growth in DeFi, and analysts have already forecast that COLT will rally 3,500% in its presale alone!