DeFi protocols like Avalanche (AVAX) and Chainlink (LINK) thrive to give users the best experience.
Avalanche (AVAX) has priced up by 16%, while Chainlink (LINK) has remained in the $7 area in the past week. On the other hand, market newcomer Collateral Network (COLT) is set to reward investors with a 35x gain.
Avalanche (AVAX)
Avalanche (AVAX) is a popular Ethereum alternative for launching smart contracts. Through its unique architecture, Avalanche (AVAX) aims to offer a high transaction output of 6,500 TPS without compromising scalability.
Also, the Avalanche (AVAX) network consists of three individual blockchains that serve distinct purposes: the X-Chain, C-Chain and P-Chain. On this network, all nodes validate all transactions, and the Avalanche (AVAX) blockchains use different consensus mechanisms based on their specific functions.
Development activity on the Avalanche (AVAX) network has risen since the completion of a scheduled network upgrade in February. This has positively impacted the price of the Avalanche (AVAX) token, which has risen by 16% between April 1st and April 17th, as per data on BeinCrypto.
Avalanche (AVAX) is currently trading at $21.15. Analysts predict an increased demand for Avalanche (AVAX) if development activity continues to rise, making the underlying token a good investment option.
Chainlink (LINK)
Chainlink (LINK) is a unique blockchain abstraction layer for universally connected smart contracts. Chainlink (LINK) uses a decentralised oracle network to allow blockchains to safely interact with external data feeds. In other words, Chainlink (LINK) provides complex smart contracts with needed off-chain information to achieve consensus.
The Chainlink (LINK) token is used to incentivize node operators and data providers. The price of Chainlink (LINK) has been on a sideways trend since last month, trading mainly in the $7 area. The token hit its upper resistance of $8.12 for the first time when Bitcoin (BTC) breached $30,000 last week. Analysts at CryptoTicker predict that Chainlink (LINK) may reach $9 if the crypto market continues to climb.
Collateral Network (COLT)
Much to the jubilation of investors worldwide, there is a new player in crypto lending and borrowing that offers a faster, more secure and more flexible process for loan transactions than traditional platforms. Collateral Network (COLT) connects borrowers and lenders seamlessly that allows decentralized crowdlending on a global scale.
Collateral Network (COLT) enables this revolutionary potential by minting NFTs representing borrowers’ physical assets, such as gold or fine art. When borrowers pledge their assets as collateral for a loan, assets are minted into NFTs and segmented into pieces via fractionalization to allow multiple lenders to commit small amounts toward the loan and enjoy a fixed rate of return.
Using smart contracts, the platform removes the need for middlemen and offers quicker and more secure loan transactions. Holders of the project’s native token, COLT, enjoy staking rewards and lower transaction fees, as well as governance rights and much more.
As it stands, the presale of Collateral Network (COLT) is ongoing. Investors can purchase the token at a price of $0.014 before the token pumps by 3500%, as predicted by analysts. Having already surged by 40% from its initial price of $0.01, COLT is sure to outperform its highest expectations as the global demand for a democratized lending market grows.
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
