Home
News
As narratives change within the space, tokens that once looked bulletproof become fragile. Chainlink (LINK) and Polygon (MATIC) are two examples currently looking incredibly unpredictable. Analysts pointed out that protocols such as Collateral Network (COLT) offer far safer investments as the protocol’s integration of real-world assets makes its predicted 35x price rise more reliable.
Chainlink (LINK)
The Celo blockchain recently adopted Chainlink (LINK) in an on-chain governance vote where the network opted to utilize Chainlink’s (LINK) scale service. Chainlink (LINK) undeniably provides very useful services to DeFi, connecting smart contracts with external data through its decentralized oracle network. However, price performance remains weak due to poor tokenomics.
Chainlink’s (LINK) services may be excellent, but the Chainlink (LINK) token is disappointing and almost seems to have been created just to have a token. As a decentralized oracle network, there is no need for the Chainlink (LINK) token, and price predictions from analysts mirror this sentiment.
They forecast a range between $9.42 and $10.96 in 2023. With Chainlink’s (LINK) price, at the time of writing, of $7.23. Hence, investors should rotate into more exciting projects with real token utility, allowing for greater upside, such as COLT.
Polygon (MATIC)
Polygon (MATIC) has been trading flat recently. Technical analysis indicates that Polygon (MATIC) will revisit the $1 price point before it begins another upwards move if the bulls can regain control. Polygon (MATIC), at the time of writing, trades at $1.10 and must catch support at $1; if it does not, there is plenty of downside potential.
Polygon (MATIC) rallied aggressively in the run-up to its zk-EVM launch but failed to continue when the mainnet beta was released. Polygon (MATIC) has onboarded new projects such as DoveSwap onto its network, but the ecosystem development has not matched investors’ expectations, hence the downward price action.
Polygon (MATIC) price predictions remain cautious given the highly competitive layer two scaling arena it operates in. Analysts forecast a range between $1.43 and $1.68 for the Polygon (MATIC) token in 2024- relatively poor upside potential from its current price.
Collateral Network (COLT)
On-chain analysis shows exponential participation in the Collateral Network (COLT) presale, which has moved into its second stage. The window narrows for investors to scoop up COLT at a heavy discount, and demand shows no sign of slowing, with the presale already raising over $800,000.
Analysts have forecast the COLT token will surge by 35x before the presale closes, citing how integral the COLT token is to the platform. But why is Collateral Network (COLT) so unique?
Collateral Network (COLT) is the world’s first decentralized crowdlending protocol for tangible off-chain assets. Collateral Network (COLT) represents the next evolution of asset-backed lending and provides the framework to onboard a limitless amount of value into DeFi.
Collateral Network (COLT) employs a hybrid-infrastructure model and has already integrated artificial intelligence (AI) into its valuation process. It supports fine art, luxury watches, gold, vintage cars, and many other assets. Owners who want to access liquidity hassle-free have their asset valued by Collateral Network (COLT), and then the protocol mints an NFT 100% backed by the asset in question.
As the NFTs are fractionalized, multiple lenders can fund the loan, thereby earning a fixed rate of interest and granting borrowers access to liquidity faster.
The COLT token entitles lenders and borrowers to discounted platform fees, access to auctions held by Collateral Network (COLT) where distressed assets will be sold, and can be staked to provide liquidity to the loan book in return for an attractive APR.
Collateral Network (COLT) upgrades DeFi lending fundamentally and opens up numerous sources of passive income for COLT holders, hence why analysts remain hyper-bullish on the protocol.
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
Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
