Which Crypto Will Offer the Best ROI in 2023 – Axie Infinity (AXS), Avalanche (AVAX) or Collateral Network (COLT)?
Photo: Collateral Network
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Collateral Network (COLT), which is now in Stage 1 of its presale and set for 3500% returns, may end up being a fan-favorite crowdlending platform for millions of individuals globally, as it has been discussed among crypto analysts and investors.
To determine which coin could offer the highest return on investment (ROI) in 2023, we will contrast this hidden gem with existing tokens like Axie Infinity (AXS) and Avalanche (AVAX).
Axie Infinity (AXS)
The NFT metaverse game Axie Infinity (AXS) recently launched the Feather Weather Contest, a competition designed for fans of Bird axie with time-limited rewards, as the conclusion of Season 3 draws near. Users can gain contest points by playing the Blitz mode, which Axie Infinity (AXS) opted to incorporate into its Feather Weather Contest.
However, the Axie Infinity (AXS) token value has been struggling as it trades hands for $8.02, with a market cap of $927M, down 2.47% in the last 24 hours. The daily moving averages for Axie Infinity (AXS) also show sell signals, as the token has been trading below its MA50 line.
On the other hand, the technical indicators for Axie Infinity (AXS) display strong buy signals. Furthermore, the trading volume for Axie Infinity (AXS) has increased by 9.96% overnight and now stands at $40,795,019. Analysts remain bullish for Axie Infinity (AXS) as they see it rising to $10.59 by the end of 2023.
Collateral Network (COLT)
The world’s first decentralized challenger lender in the industry, Collateral Network (COLT) provides more creative, adaptable, and accessible peer-to-peer lending solutions, making it simple for borrowers to get money from their physical assets. These can be art pieces, luxury cars, gold bars, and more.
With this crowdlending platform, borrowers can unlock funds using their actual assets without selling them or navigating a maze of bureaucratic hurdles. How? Simply by using the asset with Collateral Network (COLT), the borrower can mint an NFT backed directly by the physical asset on the blockchain.
The NFT is fractionalized, and by acquiring the portions of the NFTs, lenders on Collateral Network (COLT) will fund the loan and receive a fixed interest rate paid out weekly! This unique crowdlending method has been a key driver for the surging popularity of COLT.
The project’s native token, COLT, has seen immense popularity as it provides holders with benefits like staking, discounts, governance rights, access to exclusive VIP groups and much more.
With analysts predicting that a 3500% rise could soon come for the COLT token as it is listed on exchanges, now would be an excellent opportunity to invest in a potential blue-chip token!
Avalanche (AVAX)
The weekly status report of actions on its C-chain was shared by the Avalanche (AVAX) ecosystem. The significant increase in transactions per second (TPS) that Avalanche (AVAX) recorded was one of the main accomplishments. The highest Avalanche (AVAX) TPS for the last week was 468, a 24% rise from the highest reading the previous week.
Nevertheless, the Avalanche (AVAX) token has not been living up to expectations, as it has a value of $16.49, a fall of 2.47% in the past 24 hours. The moving averages for Avalanche (AVAX) have also been showing strong sell signals, which could be worrying for the coin’s future.
Although sentiment around Avalanche (AVAX) is bearish, experts are predicting that the token could rise to $20.03 within Q4 of 2023. Even if Avalanche (AVAX) manages to reach this level, investing in projects with long-term growth potential would be more profitable.
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