April is shaping up to be an explosive month for the crypto market. As many cryptocurrencies gear up to take on huge gains, the community is bullish about three projects: Collateral Network (COLT), Chainlink (LINK), and Polygon (MATIC).
Most promising of the three is Collateral Network (COLT), a new decentralized crowdlending platform that is set for massive 3500% gains according to analysts, after having surged by over 40% in its presale in just a few weeks.
Collateral Network (COLT)
Collateral Network (COLT) is one of the most exciting Web3 projects to hit the market in a while. With its innovative idea of allowing borrowers to unlock loans from high-value assets without selling them completely, it has captured the attention of investors worldwide as a revolutionary decentralized crowdlending platform.
At the heart of Collateral Network’s success lies its use of fractionalized NFTs. It allows borrowers to create 100% asset-backed NFTs to use as collateral for P2P loans. This opens up a new world of possibilities for borrowers and lenders alike. With a wide range of assets accepted, including watches, gold, real estate, vehicles, fine whisky, and diamonds, there is something for everyone on the platform. As the NFTs are fractionalized, multiple lenders can collectively fund a borrower’s loan and earn a fixed rate of interest.
COLT token holders enjoy various perks on the extensive ecosystem, like staking, governance rights, discounts, and even access to exclusive VIP groups.
So why do analysts think Collateral Network (COLT) will explode in April? With COLT tokens currently available for just $0.014 during phase one of its presale, now is the perfect time to get in on the action. Market analysts predict that the price of COLT tokens could increase by a staggering 3500% from its initial price of $0.01 during the presale. This will make Collateral Network (COLT) one of the most lucrative investments of the year.
Chainlink (LINK)
Chainlink (LINK) is a force to be reckoned with in the crypto space. While the Chainlink (LINK) price may have dipped 5% since April, the project’s fundamentals remain strong. The team recently announced the addition of 25 new Web3 projects to the Chainlink Build ecosystem. This is a testament to the growing popularity of the Chainlink (LINK) platform.
On-chain data also suggests that institutional investors are topping their holdings. This indicates there’s still plenty of optimism for the future of Chainlink (LINK).
There’s no guarantee that Chainlink (LINK) token price will break the $8 resistance this April. However, it’s clear that Chainlink (LINK) has a lot of room for growth. That being said, investors are still watching other promising projects like Collateral Network (COLT) or Polygon (MATIC).
Polygon (MATIC)
Polygon (MATIC) made headlines last month with the launch of its zkEVM solution for the Ethereum network. However, on-chain data suggests that the crypto whales holding large amounts of Polygon (MATIC) tokens are pessimistic about the coin’s future.
The whales have been in a selling frenzy since mid-February. Collectively, they’ve depleted their Polygon (MATIC) holdings by over 45 million coins. If the trend continues, the Polygon (MATIC) price could slide further in the coming weeks. This could see Polygon (MATIC) breaking support levels at $1.09 and $0.95.
While there is potential for a bullish reversal if Polygon (MATIC) can flip $1.20, it faces a significant sell-wall. Investors should keep this in mind and consider Collateral Network (COLT) and Chainlink (LINK) when making investment decisions.
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
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