SPONSORED POST*
With the recent fall of centralized banks, many investors are now turning to the crypto market and its decentralization. Today, we will look at one project that appears to have been picked out from the litter – Collateral Network (COLT), a potential market disruptor currently, and how it will compare to Hedera (HBAR) and Axie Infinity (AXS).
Summary
Hedera (HBAR)Â
Hedera (HBAR) recently announced that the D’CENT Wallet has integrated with the Hedera Token Service (HTS). This feature will enable developers and institutions to interact safely with the Hedera (HBAR) network.
This news has made the Hedera (HBAR) token see a slight rise of 2.25% at the time of writing, as it now trades at $0.06596. The trading volume for Hedera (HBAR) has also increased by 3.08% in that same time, reaching $44,327,657.
A bullish sentiment can also be noticed in the Hedera (HBAR) technical analysis since all of its technical indicators show strong buy signals. However, a negative crossing occurred at the intersection of the MACD and MACD signals for Hedera (HBAR). This crossing could be a bad omen for the value of Hedera (HBAR), as analysts predict HBAR could drop to $0.0570 by the end of 2023.
Collateral Network (COLT)Â
Collateral Network (COLT) is a ground-breaking new peer-to-peer (P2P) lending platform that uses blockchain technology to enable crowdlending and has the potential to shake up the lending sector significantly.
Using this Ethereum-based platform, anyone may borrow funds against valuable physical assets they already possess. Art pieces, diamonds, cars, jewelry, or fine wines can be used as collateral by sending it to Collateral Network (COLT), which will mint an NFT backed 1-to-1 by the actual asset.
After fractionalization, the Collateral Network (COLT) community will be able to purchase parts of this token and fund the loan required by borrowers for a fixed rate of interest in return.
For you to get the highest loan value possible, Collateral Network (COLT) will also employ artificial intelligence (AI) to evaluate the asset properly – all done digitally and in just a few minutes. With this, Collateral Network (COLT) will also eliminate the ordeal of entering a real shop and negotiating with another individual about an item’s value.
The vast Collateral Network (COLT) ecosystem will be fueled by its native token, COLT, currently in Phase 2 of its presale, valued at just $0.014. By buying Collateral Network (COLT) tokens, users obtain governance voting rights, trading/borrowing fee price cuts, and more for this price.
Only 38% of the 1.4B token supply will be available during Collateral Network (COLT) presale, and they are selling fast (21,850,436 currently). As the presale advances, analysts predict that value may reach $0.35 so buy it now and be ahead of the curve!
Axie Infinity (AXS)Â
Axie Infinity (AXS), like plenty of other cryptos, saw a jump after Bitcoin (BTC) soared to $30,000 recently. However, April has not been kind to Axie Infinity (AXS) as its vice president of products, Philip La, left his position.
Currently, Axie Infinity (AXS) has a value of $8.74, a rise of 1.86% at the time of writing. The technical analysis for Axie Infinity (AXS) also paints a positive picture, with Axie Infinity (AXS) technical indicators and moving averages showing strong sell signals.
However, the trading volume for Axie Infinity (AXS) has decreased by 23% in the last day alone (at the time of writing) and now sits at $45,559,221. This fall could cause a price loss as the selling pressure for Axie Infinity (AXS) mounts. Because of this, analysts foresee a fall to Axie Infinity’s (AXS) support level of $8 by December 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
*This article was paid for Cryptonomist did not write the article or test the platform.
, a potential market disruptor currently, and how it will compare to Hedera (HBAR) and Axie Infinity (AXS).){kind=link}