As Chiliz (CHZ) and Axie Infinity (AXS) continue to capture the attention of the crypto world with their price surges, another project is quietly building a reputation as a potential moonshot investment set for 35x returns – Collateral Network (COLT). This pioneering Web3 peer-to-peer lending platform is set to revolutionize the lending industry.
Collateral Network (COLT)
Collateral Network (COLT) is the first peer-to-peer lending platform in the Web3 space. Collateral Network (COLT) allows borrowers to use their physical assets, such as luxury watches or jewelry, as collateral to secure loans.
But what sets Collateral Network (COLT) apart is that it creates 100% asset-backed NFTs of those assets, which are then fractionalized and sold to lenders across the globe. It allows investors to lend smaller amounts of funds for an agreed interest rate.
Collateral Network (COLT) also offers exclusive online auctions for distressed assets. This gives investors a chance to buy assets below market value when a borrower defaults on a loan. The Collateral Network (COLT) model is an innovative approach that will disrupt the traditional lending industry.
This ecosystem is powered by the COLT token, which grants holders governance rights, staking rewards, and more. At just $0.014 per token, COLT is a steal right now. But experts forecast that it could reach $0.35 soon, representing a potential 35x return on investment. It’s no wonder that Collateral Network (COLT) is quickly becoming a top contender for any crypto portfolio in 2023.
Strategic crypto whales seem to be accumulating Chiliz (CHZ) ahead of the busy summer in global sports. This could indicate a potential price upswing for Chiliz (CHZ) in the coming days. The Network Value to Transaction (NVT) ratio also suggests that the Chiliz (CHZ) native token is undervalued, further supporting the possibility of a bull rally.
According to IntoTheBlock’s GIOM, Chiliz (CHZ) could ride its next rally to a new year-to-date price peak of $0.19. However, Chiliz (CHZ) may face resistance at $0.14, where many addresses have bought significant amounts of tokens. The bears could gain the upper hand if Chiliz (CHZ) loses its current support at $0.12. In such a scenario, the 2,400 addresses that bought 394 million Chiliz (CHZ) at that level could look to prevent a further price drop.
Axie Infinity (AXS)
Despite a recent dip in price following a bull trap, Axie Infinity (AXS) is still poised for growth. The current consolidation is likely to result in a breakout that could push Axie Infinity (AXS) toward $14.05. This week’s ASEAN Gaming Expo could attract more investors and help Axie Infinity (AXS) reach this target quickly.
However, there is also a downside risk in the near term as Axie Infinity (AXS) is a cyclical asset. This is evidenced by the Axie Infinity (AXS) RSI, which shows that price goes through a downtrend cycle before bouncing back toward an uptrend cycle. Therefore, there could be a drop in Axie Infinity (AXS) price towards $7 before an upswing later in the year.
Find out more about the Collateral Network presale here:
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