What Are The 3 Best Cryptos to Buy Right Now? Analysts favor Dogecoin, Fantom (FTM), and Collateral Network

As the crypto market heats up, with Bitcoin (BTC) breaking $30,000 and Ethereum (ETH) looking likely to tackle the $2,000 price point, soon altcoin season will begin. Analysts have released the list of altcoins expected to make outrageous returns in 2023. Dogecoin (DOGE), Fantom (FTM), and Collateral Network (COLT), which has notably seen a surge of 40%, are all featured on this list, and this article explores why these three are the best crypto projects to hold in 2023.


Dogecoin (DOGE) Positive Sentiment Favors DOGE Rally

Dogecoin (DOGE) recently experienced extreme volatility, liquidating millions of dollars of options. This resulted from Elon Musk putting the Dogecoin (DOGE) logo on the Twitter homepage. Dogecoin (DOGE) remains the most speculative token on this list, but Dogecoin (DOGE) can rally significantly, given sufficient positive market sentiment.

Several analysts believe that Dogecoin (DOGE) relies too much on sentiment, but this becomes Dogecoin’s (DOGE) greatest strength during a bull market. Price predictions look bullish, ranging between $0.15 and $0.19 by the end of the year.

Dogecoin (DOGE), at the time of writing, trades at $0.084 and continues to be supported by its vast army of fans who hope for the unlikely target of $1.


Fantom (FTM) Looks to Account Abstraction

Fantom (FTM) remains one of the most active and diverse blockchain ecosystems and is one of the only alternative layer ones that offers feasible competition to Ethereum (ETH). Fantom (FTM) has recently proposed reducing the validator staking requirement to make the network more decentralized.

The Fantom (FTM) foundation has also been developing account abstraction and researching the idea of gas subsidies to help onboard the next generation of crypto users onto the Fantom (FTM) blockchain.

Fantom (FTM), without a doubt, remains a volatile crypto, but few assets can compete with Fantom’s (FTM) price gains in a risk-on environment. Given its dedication to organically growing an ecosystem, analysts have chosen it to be one of 2023’s best gainers. Price predictions expect Fantom (FTM) to reach a high of $2.48 this year, a healthy leap from its price, at the time of writing, of $0.49.

Collateral Network (COLT) Brings Real-World Assets On-Chain

According to analysts, Collateral Network (COLT) has the highest potential to secure the most outstanding returns this year, given the strength of its narrative trade.

Collateral Network (COLT) allows borrowers to unlock the liquidity of real-world assets, bringing them on-chain. Asset owners can collateralize luxury watches, fine art, and much more through Collateral Network’s (COLT) hybrid infrastructure model. Collateral Network (COLT) appraises and values the asset with the help of artificial intelligence (AI) and then mints an NFT 100% backed by the physical asset. As these NFTs are fractionalized, they can be purchased by a number of lenders to earn a fixed rate of interest.

COLT holders will receive reduced interest rates as borrowers, reduced trading fees in the marketplace as lenders, and access to the auction where distressed assets will be sold.

On top of this, COLT holders can stake their tokens to open another stream of passive income via providing liquidity to the loan book and powering the institutional-level liquidity of the platform.

Analysts have forecast gains of 3,500% by the time the presale closes and cited real potential for a 100X when COLT launches on major centralized exchanges.

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.

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