In this week’s crypto news, investors are looking to Fantom (FTM) and Conflux (CFX) as potential options for significant gains as their prices continue to rise. However, Collateral Network (COLT) takes away its competitors’ spotlight with its 3500% growth potential in stage 2 of its public presale.
Collateral Network (COLT)
Collateral Network (COLT) will become the first Web3 peer-to-peer lending platform for real-world assets on the blockchain. Collateral Network (COLT) is set to revolutionize the crowdlending industry, solving many current issues like liquidity, transparency, flexibility, and credit accessibility.
Collateral Network (COLT) will allow anyone to use their physical assets like fine wines, watches, vintage cars and real estate as collateral and borrow funds against them.
For example, if you have a $25,000 wine bottle, you can send it to Collateral Network (COLT), who will then mint an NFT to serve as a representation of the bottle. Then, Collateral Network (COLT) will further fractionalize the 100% asset-backed NFT into smaller pieces. Finally, COLT lenders purchase these fractionalized NFTs to get you the funds you need. Multiple lenders provide you with funds in exchange for a fixed interest rate. And, as soon as you pay your loan back in full, the wine bottle is returned to you.
Moreover, borrowing via Collateral Network (COLT) won’t impact a person’s credit file. Plus, users can significantly benefit from the competitive rates and flexible terms of Collateral Network (COLT).
Currently, Collateral Network (COLT) is in stage 2 of its presale, with COLT tokens priced at only $0.014. However, experts predict the price could increase to $0.35 in the upcoming months, marking a 3500% growth predication for Collateral Network (COLT) holders.
Fantom (FTM)
Fantom (FTM) has been working overtime in the recent past to improve its network and get it ready for dApp deployment. And the efforts by Fantom (FTM) have certainly paid off.
In the past few days, Fantom (FTM) has achieved a six-month high in collected Fantom (FTM) transaction fees, which has resulted in a significant price increase. At the time of writing, the Fantom (FTM) token is trading at $0.5, marking a 1.64% Fantom (FTM) price increase.
Additionally, the Fantom (FTM) market value has gone up by 39.24% over a 24-hour period, with its market cap also increasing by 1.64%.
Experts believe that Fantom (FTM) has a promising future ahead, with many developments and partnerships to back it up.
Conflux (CFX)
In the wake of massive Conflux (CFX) network activity in the past few weeks, the Conflux (CFX) price went up by 15% a few days ago. However, since then, the Conflux (CFX) RSI has been trending in the overbought zone, which, according to experts, indicates a downside bias in the Conflux (CFX) price.
And the current price of the Conflux (CFX) token seems to back up this claim. The token trades at $0.39 as of the 12th April, with a 9.95% decrease in Conflux (CFX) at the time of writing.
However, market analysts say that if Conflux (CFX) buyers consolidate gains above the $0.42 level, then the price of the token will experience a bullish movement. Otherwise, experts believe that Conflux (CFX) bears could target moves below $0.40, setting the primary support at $0.36.
Learn 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
