In the ever-changing crypto market, investors are closely monitoring Fantom (FTM) for potential price explosions. Meanwhile, Chainlink (LINK) and Collateral Network (COLT) continue to be favorites for investors, as these two tokens have witnessed market leading price growth in recent months.
Collateral Network (COLT)
Collateral Network (COLT) is a peer-to-peer lending platform that aims to revolutionize the asset backed lending sector by utilizing blockchain technology, NFTs, and AI.
Owners of physical assets (such as fine wines, jewelry, watches, etc.) can now unlock capital from these on the blockchain and acquire loans in crypto by using these items as collateral. Collateral Network is the only lending protocol on the blockchain enabling this and is changing the way asset backed lending is handled forever.
The process begins when a user on the platform sends an asset to Collateral Network and applies for a loan. AI based technology is used to accurately assess the value of the item and is then stored in a vault. An NFT is minted representing the physical asset (asset backed NFT) and is split into smaller pieces (fractionalization).
This then enables various lenders on the platform to fund the loan for an agreed rate of interest instead of just one person. The borrower now has access to liquidity previously not possible and lenders are now able to diversify their risk when lending..
Smart contracts automate the loan process, ensuring that all payments are processed securely and on time. No longer will borrowers have to wait days (or even weeks) for payments to go through.
Investor sentiment is high for COLT, as the presale offers steep discounts to early investors. More than 100 million tokens have been sold thus far. The price is at $0.014, but is set to increase to $0.0168 any day now.
Fantom (FTM)
Fantom (FTM) is a blockchain-based platform that allows for the development of distributed apps and smart contracts. Fantom (FTM) utilizes directed acyclic graph (DAG) technology to enable faster transactions than traditional blockchains, making Fantom (FTM) an attractive option for applications such as gaming and decentralized finance (DeFi).
This technology difference is what has attracted investors to Fantom (FTM), as the token has seen a significant price increase in recent months. The price of Fantom (FTM) is currently hovering around $0.40, which represents a 100% gain since the start of 2023.
Analysts foresee Fantom (FTM) continuing to range between $0.20 and $0.65 for the time being, with a break out of this range leading to a quick surge to the $1.20 price level. The future of Fantom (FTM) depends largely on the adoption and usage of the platform and the wider crypto market conditions.
Chainlink (LINK)
Chainlink (LINK) is a Decentralized Oracle Network that bridges the gap between on-chain applications and real-world data. Chainlink (LINK) nodes facilitate communication between external data sources (such as stock prices, weather forecasts, etc.) and the blockchain by providing secure real-time information.
2021 saw Chainlink (LINK) rise by over 1000% to an all-time high of $52.88 in February 2021, and Chainlink (LINK) has remained a favorite of investors since then. Market experts are forecasting further potential gains for Chainlink (LINK) in the coming months, as the adoption of decentralized finance (DeFi) and a need for Chainlink (LINK)’s technology continues to grow.
Technical analysts foresee Chainlink (LINK)’s price moving between $5 and $10 for the foreseeable future, with a break out of this range leading to a renewed bull run for Chainlink (LINK), which could take the token’s price to $50 or beyond in the future.
Read 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
