The crypto market is ever-changing, and even the most prominent tokens like Polygon (MATIC) and Filecoin (FIL) are not immune.
However, as investors predict the future movements of these two tokens, Collateral Network (COLT), currently in stage 2 of its public presale, is here to provide some long-term stability, promising 3500% returns to holders.
Collateral Network (COLT)
Collateral Network (COLT) is the first decentralized peer-to-peer crowdlending platform for real-world assets on the blockchain and is here to shake the lending industry to its core.
Via Collateral Network (COLT), borrowers can borrow funds against assets like watches, fine wines, real estate and collectables, making it more secure and less volatile for borrowers and lenders in the crypto world.
For instance, let’s say you need a short-term loan and have a $15,000 fine wine bottle. You send the bottle to Collateral Network (COLT), and their team will authenticate and value it.
Then, Collateral Network (COLT) will store your bottle in its vault and mint an NFT against it to represent the physical asset. Further, Collateral Network (COLT) will fractionalize the 100% asset-backed NFT into smaller pieces. This will enable more people to lend smaller amounts of money and get fixed-interest payments in return.
Lastly, once you’ve paid the principal loan and interest, Collateral Network (COLT) will redeem your bottle from its vault and burn the NFTs.
The goal of Collateral Network (COLT) is to provide a permissionless, borderless marketplace where borrowers and lenders will connect, granting cash to borrowers and creating a passive income stream for lenders. Moreover, both sides will benefit from competitive rates and flexible terms with Collateral Network (COLT).
Collateral Network (COLT), currently in stage 2 of its public presale, trades at $0.014 per token. However, experts believe the price could reach $0.35 before the end of the presale, marking a 3500% growth potential.
As Polygon (MATIC) continues its price consolidation, experts believe that Polygon (MATIC) might soon break out, with the price going for the $1.19-$1.29 range.
At the time of writing, the Polygon (MATIC) token is trading at $1.17, just below the predicted range. Additionally, the Polygon (MATIC) price has increased by 1.57% in the last 24 hours.
Also, the recent Polygon (MATIC) bullish breakout, where 30,000 addresses bought 1.15 billion Polygon (MATIC), has experts predicting a 13% price rally soon. Moreover, analysts say that if the Polygon (MATIC) daily close is sustained above the $1.19-$1.29 resistance level, the Polygon (MATIC) price could rise to $1.80.
Recently, the Filecoin (FIL) token had a short price surge, going from $5.83 per Filecoin (FIL) token to $6.35. And, despite Filecoin (FIL) announcing that it will offer smart contracts, this did not stop its price from going down.
At the time of writing, Filecoin (FIL) is trading at $6.25, marking a 2.29% Filecoin (FIL) price increase in the last 24 hours. However, experts see this as a bearish movement, as the Filecoin (FIL) price continues downward following its previous $6.35 price level.
Still, experts consider Filecoin (FIL) to be a stable long-term investment. However, analysts say that to push the Filecoin (FIL) token above the current range, a significant change in sentiment for Filecoin (FIL) will need to occur.
Learn more about the Collateral Network presale here:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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