Polkadot, Arbitrum, Collateral Network (COLT) Set for Price Growth as Bulls Get into Position
Photo: Collateral Network
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As the crypto market breaks out of its prolonged downtrend, positive sentiment rises, and investors look to position themselves before a fresh bull market emerges. Polkadot (DOT), Arbitrum (ARB), and Collateral Network all look ready to fly, and several analysts have earmarked these cryptos for 35x gains.
Polkadot (DOT) Parachain Auctions Continue
In November 2021, Polkadot (DOT) reached its all-time high of nearly $55 and now trades closer to $6. The fundamental technology behind the project remains the same, and analysts believe that buying Polkadot (DOT) now could be a superb long-term investment.
Polkadot (DOT) is a layer zero blockchain enabling interoperability between its specialized parachains thanks to the Polkadot (DOT) relay chain. The 42nd parachain auction concluded in March with Moonsama, a pioneering NFT collection and marketplace winning use of the chain for the next two years.
Polkadot (DOT) has continued to ship updates and auction it’s parachains throughout the bear market, extending the size and scope of its ecosystem. Price forecasts suggest Polkadot (DOT) could breeze past it’s all-time high in the next twelve to eighteen months. The current market period provides a superb time for investors to accumulate heavily undervalued Polkadot (DOT).
Arbitrum (ARB) Leading the Layer 2 Scaling Race
Late in March, Arbitrum (ARB) airdropped over a billion tokens to users and brought a huge swell of liquidity which has since bolstered the entire ecosystem. Arbitrum (ARB) continues to dominate the layer 2 scaling race in terms of active users, TVL (total value locked), and daily transaction count.
There was some controversy surrounding Arbitrum (ARB) following a substantial number of Arbitrum (ARB) tokens being sent to the Arbitrum (ARB) foundation before the proposal had been voted on, and this social uproar caused the token’s value to retrace and form a local bottom.
Arbitrum (ARB) remains highly undervalued by most metrics, being the fourth-largest DeFi ecosystem but only ranked 35th by total market capitalization. Analysts expect Arbitrum (ARB) to climb through the rankings and could even breach the top ten projects before the end of 2024. Price predictions expect Arbitrum (ARB) to trade between $4.49 and $5.11 in the same period.
Collateral Network (COLT) Bridging DeFi and Real-World Assets
Collateral Network has begun its journey and has already sold over 100,000 million tokens in its presale, evidence of the appetite for projects with real-world utility in the crypto space. Collateral Network is the world’s first decentralized lending protocol that delivers utility for off-chain assets on-chain.
Collateral Network takes a cornerstone of modern asset-backed lending and incorporates blockchain to make it the first borderless and permissionless protocol of its type.
Borrowers collateralize their physical assets with Collateral Network, which mints an NFT 100% backed by the asset. Jewelry, real-estate, cars and fine art are some examples of usable assets.
A borrower can then use their asset to access liquidity on the marketplace through a fractionalization process of the NFT. The asset is returned when they repay the loan, and the NFT is burnt.
The platform opens up new liquidity channels for borrowers and new fixed passive income plays for lenders. With a rapid turnaround and high levels of privacy- loans leave no record on a borrower’s credit history. Meaning Collateral Network ushers in a new era of lending in DeFi and the $trillion asset-backed lending sector.
Onboarding real-world assets into DeFi, a fully doxxed team, locked liquidity pool for 33 years, an extensive roadmap, and expected gains of 3,500% before the presale ends.
Collateral Network (COLT) shapes up to be one of the most exciting launches of 2023.
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