This article reviews the current state of Chainlink (LINK) and expert predictions for its future price. Moreover, we investigate the recent surge of investor interest in a new cryptocurrency, which has already skyrocketed by 40%. As whales flock to this emerging asset, we analyze the reasons behind its sudden popularity and compare it with Chainlink (LINK)’s market position.
What is Chainlink (LINK)?
Chainlink (LINK) is a Decentralized Oracle Network (DON) that provides real-time data to smart contracts on the Ethereum (ETH) blockchain. It facilitates reliable, secure, cost-effective connections between these smart contracts, enabling them to access off-chain services.
Chainlink (LINK)’s value proposition rests on its trustworthiness and security. Chainlink’s (LINK) infrastructure leverages a combination of on-chain and off-chain components to ensure that the data passed between its smart contracts is reliable and tamper-proof.
Expert Price Predictions for Chainlink (LINK)
Since its launch in 2020, Chainlink (LINK) has seen significant growth in its price and market capitalization. In June 2021, the cryptocurrency reached an all-time high of $52.88, representing a year-to-date increase of over 1000%.
However, Chainlink (LINK) has since corrected to a current price of $7.13, with a 24-hour trading volume of $289 million. This price drop can be partly attributed to the wider crypto market’s cooling off, but the lack of real-world adoption is a glaring issue.
Crypto analysts note that Chainlink’s (LINK) price has ranged between $5 and $10 for the past 11 months. A breach of $10 will likely result in Chainlink (LINK) making a run toward its all-time high, but this is unlikely to happen in the short term.
What New Crypto Are Whales Swarming To?
While established cryptocurrencies struggle to sustain bullish price action, the crypto market has recently seen a new asset report significant gains. The cryptocurrency in question is called Collateral Network (COLT), which has already exploded by 40%.
Collateral Network (COLT) is a Web3 lending platform that connects lenders and borrowers over a decentralized network. The goal of Collateral Network (COLT) is simple: to make finance fairer for all.
Collateral Network (COLT) allows borrowers to use physical assets as collateral to obtain a loan. First, the platform mints an NFT (non-fungible token) to represent the borrower’s physical asset. Then, the NFT is fractionalized.
Since tokenization allows the NFT to be divided into smaller fractions, multiple lenders can provide financing to the same borrower. This means lenders can invest $10 in Collateral Network (COLT) for interest-bearing returns.
Collateral Network (COLT) enhances the democratization of asset-backed lending by leveraging smart contracts to automate and secure the entire loan process. As such, Collateral Network (COLT) eliminates long waiting times, excessive paperwork, and involvement of third parties.
The COLT token offers a range of benefits for both lenders and borrowers participating in the Collateral Network (COLT) platform, including discounted platform fees, access to auditions, and staking rewards.
Whales have already flocked to the Collateral Network (COLT) cryptocurrency, and its value has jumped from $0.010 to $0.014 during stage two of the presale. With predictions of reaching $0.35 before being listed in major exchanges and the potential to revolutionize asset-backed lending, early investors can reap maximum profits.
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
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.
