Bitcoin (BTC) dominance has hit key and long-standing resistance levels. Analysts expect as BTC dominance declines, altcoins will break out into fresh rallies and have marked Arbitrum (ARB), Filecoin (FIL), and Collateral Network (COLT) as cryptocurrencies that investors should be watching in 2023, with COLT in particular set to surge by over 3500%.
Collateral Network (COLT) and the RWA (Real-World Asset) Narrative
Collateral Network (COLT) is a new challenger lender and the world’s first decentralized lending protocol with functionality for real-world assets. Seasoned crypto investors will already be aware of the real-world asset narrative and its vast potential to onboard limitless amounts of value into DeFi.
Real-world asset integration will spearhead DeFi’s transition from crypto-specific use cases to an economic system competently competing with TradFi. Collateral Network is a frontrunner in this new exciting narrative and allows asset owners to access on-chain liquidity through its unique hybrid infrastructure model.
For example: Sandy owns an expensive necklace, but she does not want to sell it. Sandy sends the necklace to Collateral Network, which stores it securely in a vault. After the valuation process, Collateral Network mints an NFT 100% backed by the necklace and fractionalises it. Sandy can then leverage this NFT on the platform’s marketplace to access crowdfunded loans. When Sandy has repaid her loan, the necklace is returned, and the NFT is burnt.
Collateral Network (COLT) unlocks liquidity for real-world assets and provides lenders a place to earn dependable passive income. The platform accepts real estate, vintage cars, fine art, luxury watches, and more providing a new on-ramp into DeFi for an untapped market.
Powered by the COLT token, the second stage of its presale has seen aggressive participation by experienced DeFi investors; with price forecasts predicting a 3,500% surge for the COLT token, it could be the best project of 2023.
Arbitrum (ARB) Is Scaling Ethereum
Arbitrum (ARB) remains the most popular layer 2 scaling solution, vastly outpacing its competitors. Arbitrum (ARB) has more than $3.25 billion currently locked in its ecosystem, and Arbitrum (ARB) has become the DeFi hotspot of 2023.
Arbitrum (ARB) leverages optimistic rollups to batch transactions into singular Ethereum (ETH) network transactions, increasing speed and reducing gas fees for users. Arbitrum (ARB) delivers an improved Ethereum (ETH) experience while still leveraging Ethereum’s (ETH) security guarantees.
Arbitrum (ARB) recently reached a significant milestone and has processed over 200 million transactions on the network. With up-only metrics, analysts expect a great performance from Arbitrum (ARB) this year, predicting that the Arbitrum (ARB) token will trade between $4.29 and $5.01 by the end of the year.
Filecoin (FIL) Is Decentralizing Storage
Filecoin (FIL) is a decentralized storage solution and offers an alternative to centralized cloud storage providers. Filecoin (FIL) allows users to earn the native token in return for offering storage space, and users pay with the Filecoin (FIL) token for storage space. This provides a strong source of buy pressure, and given the increasing reliance on cloud storage, analysts predict an increased demand for Filecoin (FIL) services.
In late April, Filecoin (FIL) will deploy its v19 lightning upgrade, enhancing Filecoin’s (FIL) security and improving block validation time. With the Filecoin (FIL) team shipping updates and growing demand for the service, it is clear why analysts remain bullish, and their price forecasts put Filecoin (FIL) trading between $10.85 and $12.72 in 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
