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Cryptocurrency enthusiasts have long been on the lookout for promising alternatives to Bitcoin (BTC), and Litecoin (LTC) and Polygon (MATIC) are two such alternatives that have gained significant popularity in recent years. However, a new player in the market, Collateral Network (COLT), has been gaining traction as a revolutionary new platform forecasted for 3500% gains in its ongoing presale.
Is there a future for Litecoin?
According to cryptolists.com, Litecoin (LTC) has increased more than 40% since March 11, 2023, rising from $65.39 to $94.88. Litecoin’s (LTC) current price stands at $93.66, and according to technical analysis, bulls continue to control the price movement.
As the price of Litecoin (LTC) is above $80, we can’t talk about a trend reversal, and the price of this crypto is expected to rise further.
Although Litecoin (LTC) has been showing a bullish trend, rising 4.80% over the previous 30 days, Litecoi0’sn (LTC) medium-term trend has been bearish, with Litecoin (LTC) falling by -5.09% over the past three months.
Given that LTC has experienced a one-year price decline of -22.93%, the long-term outlook for the cryptocurrency has been poor. Litecoin’s (LTC) price on this particular day last year was $111.19.
Litecoin’s (LTC) price peaked at $410.76 on May 10, 2021, when Litecoin (LTC) experienced its all-time high.
Is Polygon (MATIC) A Good Investment?
According to forecasts made by analysts for 2023, Polygon (MATIC) may aim for $1.2 in the next few years and $1.8 in the long run. By the end of the year, the long-term price projection for Polygon (MATIC) is $2.5. As of this writing, Polygon (MATIC) is trading at $0.952992. In the past 24 hours, Polygon (MATIC) has decreased by 4.23%. There are 9,249,469,069 Polygon (MATIC) coins in circulation, with a maximum supply of 10,000,000,000 Polygon (MATIC) coins.
With the help of numerous partnerships, Polygon’s (MATIC) recognition and usability have grown. In their most recent partnership, Polygon (MATIC) and Mastercard have announced plans to open an incubator specializing in Web3. In addition, Disney and Reddit have partnered with the Polygon (MATIC) network, while cryptocurrency payment company Stripe has made significant cryptocurrency payouts with Polygon (MATIC)’s technology.
Furthermore, thanks to the platform’s Ethereum PoS and Plasma bridges, Institutional deposits of over 11 billion dollars have been recorded by Polygon (MATIC) in just eight months.
Collateral Network (COLT): The next generation in lending
Collateral Network (COLT) is the next generation of lending in the financial world. As a challenger lender that disrupts the lending industry with web3, COLT makes it easy for borrowers to receive the money they need by using their physical assets.
Borrowers can utilise real estate, fine art, fine wines, and jewellery, as collateral to obtain loans. The asset is then represented 1:1 by an NFT which is subsequently separated into multiple pieces (fractionalization), which enables numerous lenders to support a single loan.
This innovative system provides borrowers with the opportunity to receive their loan in under 24 hours, while lenders can enjoy passive income from the loan’s fixed rate of interest.
COLT tokens power all transactions on the network, and holders of COLT also enjoy lower transaction costs, access to auctions of distressed items, and staking incentives, among others. As well as being fully dox by Solid Proof and InterFi, the COLT holders enjoy full security on their investments as liquidity is locked for 33 years, and the fully-doxxed development team’s tokens are locked for 2 years.
COLT currently accessible to investors during its presale period for $0.014, already having. Impressed investors with 40% gains from its original price of $0.01 in just a few weeks. Industry analysts predict that COLT will surge by over 3500% by the time it hits major exchanges by 2024
Read more about the COLT 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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