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- Insights
- Cryptocurrencies
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- Industry
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Despite recent bullish surges in the crypto market, price corrections for Bitcoin (BTC) have led some tokens to fall back in price over the previous few weeks. Tokens with stronger fundamentals have seen predictions of upside potential in the coming weeks, such as Filecoin (FIL) and Polkadot (DOT).
However, one project that has seen significant attention marketwide is the Collateral Network (COLT) presale, which has seen immense price increase predictions of over 3500% due to the project's use cases in the DeFi industry. Let's see the price predictions for these three tokens.
Imagine the last time you tried to receive a loan. Lengthy paperwork, credit checks and steep prerequisites make this process tedious and time consuming, but Collateral Network (COLT) is ready to change that forever, as a revolutionary DeFi alternative to traditional lending.
The platform seeks to solve the many problems plaguing traditional lending services by enabling borrowers to unlock funds from their physical assets like luxury watches and supercars. As a result, this platform will be the world's first decentralized crowdlending protocol with a distinctive feature: the loans are backed by borrowers' real-world assets and funded by multiple lenders globally, leveraging fractionalized NFTs.
These assets are sent to secure vaults, where the platform authenticates and values it using artificial intelligence and stores it for the duration of the loan.
NFTs are minted that represent the physical item and are backed 1:1 by the asset. The NFT is segmented into multiple pieces (fractionalized), enabling multiple lenders to fund the loan with less capital. Therefore, lenders can become their own mini-banks, earning a fixed rate of interest paid out weekly.
This impressive utility puts COLT in a league above Polkadot (DOT) and Filecoin (FIL). With crypto experts predicting about 35x returns on the project's native token COLT, the token is in its presale stage at $0.014, having already surged 40% from its initial price of $0.01.
Filecoin (FIL) is a decentralized network that stores crucial information. The platform has a powerful and dynamic cloud storage network for user data. At the time of writing this article, the Filecoin (FIL) price is $5.56. The market sentiment regarding Filecoin (FIL) is predominantly bearish.
Filecoin (FIL) also has a Fear $ Greed Index score of 63. Experts predict that the Filecoin (FIL) price will drop by 17.88% and reach $4.57 in mid-April 2023. Filecoin (FIL) price predictions for subsequent months aren't particularly hopeful either, with any significant growth only expected in 2024.
Polkadot (DOT) is one of the most popular cryptocurrencies in the market. The blockchain is designed for interoperability, securing an ecosystem of specialized blockchains known as parachains.
Polkadot (DOT) unites and secures a growing ecosystem of specialized blockchains called parachains. As a result, apps and services on Polkadot (DOT) can securely communicate across chains, forming the basis for a truly interoperable decentralized web. Polkadot (DOT) is currently priced at $6.3 and is predicted to drop by $0.170936% to reach $6.16 by mid-April 2023.
The Polkadot (DOT) predominant market sentiment is bearish, meaning investors should expect a downward price trend in the coming months. Like Filecoin (FIL), Polkadot (DOT) is not likely to experience any significant price spikes in 2023.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
