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It's possible if you want to find the next cryptocurrency that's guaranteed a robust market outing in 2023. While such a selection may hinge on speculation, some projects have a better chance of succeeding than others.
Litecoin and Filecoin, are some tokens to watch, and for crypto projects which are asset-backed, try the world's first crypto challenger lender, Collateral Network (COLT), which analysts have forecasted will skyrocket by up to 35x in the next 6 months.
>>BUY COLT TOKENS NOW<<
Litecoin has maintained its third position in market capitalization for the longest time and has been active for the last nine years. Generally, Litecoin has been successful for most of this time and is currently ranked among the top 30 cryptocurrencies.
Besides talk of its brand falling off or the lack of utility attached to Litecoin, it has a solid technical foundation, and the Litecoin (LTC) price cap is expected to rise in 2023. Litecoin is based on the BTC protocol as a Bitcoin fork and sustains its ability to be mined, decentralization, anonymity, and proof of work consensus mechanism.
Litecoin's minimum price for 2023 is projected to be $113 after its previous year's analysis, with a trading price of $116. If this comes to pass, we may see Litecoin surpass its all-time high in the coming weeks.
As one of the unique projects in 2022, Filecoin's platform leverages computer storage space for enhanced decentralization. Filecoin is a P2P network with built-in economic incentives to ensure retrievable files are adequately stored over any period.
Filecoin uses a combination of proof-of-space-time and proof-of-replication protocols for the ledger's state consensus. Filecoin (FIL)'s price exploded to an all-time high of $236 from $30 in the first half of 2021 but retraced over 98% during the following bearish period.
Filecoin (FIL) has the potential to reach critical mass and directly compete with Microsoft Azure or Google drive, and other centralized cloud storage solutions. Its 2023 roadmap includes plans to launch specialized smart contracts, which could see Filecoin moving to the top. That means Filecoin will enable the tapping into internet scale operations and decentralized data to revolutionize cloud computing storage and Web 3.0.
>>BUY COLT TOKENS NOW<<
As the world's first NFT crowdlending platform, Collateral Network is a challenger lender that makes it easy for anyone to unlock cash from physical assets on the blockchain. Borrowers worldwide can access fractional loans from DeFi users, who can lend stable coins for a fixed interest rate.
Collateral Network bridges the digital world of crypto and NFTs with real world assets and is predicted to disrupt the pawn and peer-to-peer lending market.
Borrowing on the Collateral Network is pretty straightforward and means you don't need to sell your beloved physical asset when in need of quick cash or waste time with bureaucracy and red tape. The platform mints NFTs that are backed by the borrower's assets and fractionalizes the NFTs so users can fund the loan.
Users of the ecosystem can leverage Collateral Networks' fast turnaround time, privacy functions, and transparency as all of the loan terms are stored in the metadata of the NFT and is accessible on a public blockchain.
Collateral Networks NFT loans are low cost with competitive and flexible borrowing terms, offering lenders a fixed passive income, and are tangibly backed on a 1-to-1 basis against real-world physical assets.
Collateral Networks native token (COLT) is in its first stage of presale. This utility token grants various benefits to holders, like discounts on borrowing fees, trading fees, as well as staking rewards and project governance rights. Industry experts are excited about the potential of the Collateral Network project and have forecasted a price surge of over 3,500% within the next 6 months from its current presale price of $0.01.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
