In the ever-shifting world of cryptocurrency, Vechain (VET) is coming under the spotlight as analysts make their price predictions.
Meanwhile, they also suggest buying into Dogecoin (DOGE) and the upcoming Collateral Network (COLT), which is currently attracting a flurry of interest during its presale phase. Let’s take a closer look at how these three cryptocurrencies.
Vechain price prediction
Vechain has carved out its own niche in the highly-volatile cryptocurrency market, and analysts believe that its strong fundamentals could lead to a bullish rally over the coming years.
Vechain is the go-to enterprise blockchain for organizations looking to harness the power of distributed ledger technology. Vechain has a well-developed infrastructure and is used by many of the globe’s biggest businesses, including BMW, PwC, and Walmart China.
This impressive list of partners triggered Vechain to surge from $0.18 to over $0.28 during the 2021 bull run. However, the crypto-wide bull run has since faded and Vechain (VET) has settled back to a current price of $0.020. But where will it head next?
Analysts note that Vechain’s fundamentals remain strong despite the bearish market, and the cryptocurrency is well-positioned to reach new highs in the coming bull run. The key price level to watch is the $0.033 resistance zone. Break that, and Vechain is likely to surge beyond $0.10.
Collateral Network set to revolutionize traditional lending
Think about an online platform where you can quickly borrow money using your prized possessions as a guarantee. No more banks, tedious documentation, or long waiting periods. This is the innovation brought by Collateral Network, a decentralized solution that leverages blockchain technology to revolutionize the way we borrow.
The key USP of Collateral Network is the tokenization of collateral into NFTs that can be divided into fractions and sold to multiple lenders. This is somewhat like slicing a pricey artwork into a hundred fragments and selling each fragment to a different individual.
Now, even if you have just $10, you can provide funds for someone’s loan and earn interest. As such, Collateral Network democratizes the lending arena and injects more available funds into the market for borrowers to leverage.
COLT, the native token of Collateral Network (COLT), has a current price of $0.0241 representing a huge 141% price increase and won’t last long, however, as the price is scheduled to rise as we move through the presale. Analysts recommend buying Collateral Network as securing even a small fraction of the vast $4.9 trillion asset-backed lending market could mean gains of more than 100x in the coming years.
Dogecoin price analysis
Dogecoin is the world’s first meme-inspired cryptocurrency that was created for fun. However, due to its immense popularity and an extensive community of supporters, Dogecoin has now become a serious contender in the crypto space.
Dogecoin (DOGE) is currently trading at around $0.072, which means that Dogecoin is still 1,000% higher than the 2021 price of $0.007. This is impressive for a memecoin that was created with no real road map or any long-term objectives.
Elon Musk, the Tesla CEO, is a huge fan of Dogecoin and has repeatedly expressed his confidence in the coin’s potential. Bullish analysts are speculating that Dogecoin will soon be used as a Twitter payment system, and if this happens, Dogecoin could easily surge to the 2021 high of $0.73.
Moreover, the recent memecoin rush has led to an increase in the demand for Dogecoin, and as such, analysts recommend buying up Dogecoin before the money flows back into the meme king.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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