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Litecoin (LTC) is widely considered one of the safest cryptocurrency investments in the market. With the recent bear market coming to an end, analysts are bullish on Litecoin (LTC), expecting it to pass $100 over the next few weeks. However, a new altcoin has caught analysts’ attention, with experts recently unveiling a 35x price target that would provide huge returns for early investors.
What is Litecoin (LTC)?
Litecoin (LTC) is a fork in Bitcoin (BTC). The project was initially created in 2011 to prevent Bitcoin (BTC) mining monopolization which was becoming a common issue then.
Litecoin (LTC) ultimately failed to prevent monopolization, though it continues to innovate throughout the crypto mining market. Litecoin (LTC) itself has become a popular mining option and recently announced a collaboration to reduce the environmental damage caused by crypto mining.
Partnering with Metalph Technology Holding Ltd (MATH), Litecoin (LTC) hopes to build mining operations that use renewable energy sources while enhancing energy efficiency. This, in theory, would lower carbon emissions and make crypto mining more sustainable.
This update has been good news for the Litecoin (LTC) community, with Litecoin (LTC) increasing in price by 12.37% just one month after the announcement. Should Litecoin (LTC) continue to grow, market analysts predict it will hit $100 by the end of April, potentially surging again to $110 in May.
What Is The Project Analysts Expect To Increase 35x?
Although Litecoin (LTC) is a good investment, it’s unlikely to double in price anytime soon. A new project in the market, however, is expected to increase 35x in the next six months. This project is Collateral Network (COLT).
Collateral Network (COLT) is a Web3 peer-to-peer lending platform where users can borrow cryptocurrency against their physical assets by bringing them on-chain. Created on the Ethereum blockchain, Collateral Network (COLT) is designed to disrupt the lending industry and, as a result, has created excitement throughout the DeFi world.
Users can bring their physical assets on-chain by minting them as NFTs. These NFTs are then fractionalized so investors can then lend funds by investing in NFT fractions, helping the borrower raise the full loan. As a reward, the lender will earn a fixed passive income.
Collateral Network (COLT) has already increased in price by 40% during its presale, where one COLT token can be purchased for $0.014. Token holders will be granted several rewards throughout the Collateral Network (COLT) ecosystem, including access to a VIP auction group.
Over the next six months, analysts predict that Collateral Network (COLT) will hit $0.35, with further price increases once COLT lists on major exchanges.
Why Are Analysts Excited About Collateral Network (COLT)?
Although there is a wide range of altcoins in the market, few have investors as excited as Collateral Network (COLT).
The Collateral Network (COLT) team has been fully doxxed, and the token smart contract has been audited to remove any rug pull risks. In addition, 2FA security options are in place to keep users safe.
Collateral Network (COLT) also offers a number of advantages over the traditional pawnbroking market. For example, a borrower’s credit rating will never be impacted by transactions, and all transactions are irrefutable as they’re kept on-chain.
Conclusion
With a 35x prediction already attracting thousands of investors, Collateral Network (COLT) is expected to take the altcoin market by storm throughout Q2. While Litecoin (LTC) may offer good returns, it’s unlikely to outperform Collateral Network (COLT).
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
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