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Cryptocurrency trends are ever-shifting, and experts predict a massive 3500% surge for Collateral Network (COLT), currently in its presale stage. Meanwhile, PancakeSwap (CAKE) and Quant (QNT) experience declining momentum.
Collateral Network (COLT)
Collateral Network (COLT) is a crowdlending platform that connects borrowers and lenders using the power of blockchain technology. On Collateral Network (COLT), borrowers can use their own physical assets to secure loans and receive instant liquidity.
But Collateral Network has another trick up its sleeve: The platform transforms physical assets into NFTs. When a user submits their asset for evaluation, Collateral Network verifies its authenticity and creates a divisible NFT that represents ownership of the asset.
Multiple lenders can then buy fractions of the NFT, creating a marketplace for peer-to-peer lending. This offers two benefits: borrowers have access to global liquidity instantly and lenders can diversify their portfolios whilst earning a passive income paid out weekly by investing in multiple loans.
Smart contracts underpin the entire operation, streamlining the lending process by removing traditional barriers, such as paperwork, lengthy waiting periods and intermediary involvement. The automation and security provided by these digital contracts make Collateral Network a faster and safer alternative to conventional lending.
Stage 1 of the Collateral Network (COLT) presale has just begun, and experts predict a whopping 3500% surge for the token. This is largely due to the potential of Collateral Network to revolutionize the billion-dollar lending industry.
With the COLT price potentially increasing to $0.35, the opportunity to make massive profits is clear.
Buy COLT tokens now to get up to a 40% bonus for each buy.
PancakeSwap (CAKE)
PancakeSwap (CAKE) rose to prominence in 2021 as one of the most popular decentralized exchanges. The PancakeSwap (CAKE) user-friendly interface and low transaction fees quickly propelled it to the front page of CoinMarketCap.
But more recently, the PancakeSwap (CAKE) market position has been weakening. PancakeSwap (CAKE) has seen a steady decline in trading volume and attention since June 2021, suggesting that its popularity may have been short-lived.
The price of PancakeSwap (CAKE) has also followed this downward trend and is now 91% lower than its peak of $44.18 in May 2021. This price drop is surprising, considering that PancakeSwap (CAKE) is always bringing out new features, such as the V2 Syrup Pools.
Looking at the daily timeframe, we can see that the PancakeSwap (CAKE) price is ranging between $3 and $5. A breach above $5 could signal a potential reversal in the trend, while a break below $3 would likely lead to PancakeSwap (CAKE) revisiting the 2022 low of $2.50.
Quant (QNT)
Quant (QNT) is an interoperable network that enables secure data exchange and value transfer between wallets, applications and other networks. The Quant (QNT) network aims to bridge the gap between traditional finance and blockchain technology by connecting different entities under one umbrella.
Quant (QNT) fought off the bearish pressure in 2022, with the price growing from $43 to over $228 while other cryptos fell victim to the crypto winter. But more recently, Quant (QNT) has struggled to make any headway and, at the time of writing, is trading at $110.01. It seems that Quant (QNT) has already had its rally and its market position is now weakening.
The daily chart for Quant (QNT) reveals a descending triangle pattern, which suggests that Quant (QNT) should see an increase in volatility soon. A break above $150 could signal the start of a new bullish trend, while a breach below $110 would likely result in further losses for Quant (QNT).
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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