As the year’s first quarter draws to a close, several altcoins are experiencing an upward trend in price. Recent crypto news indicates an increase in Cardano (ADA) and Litecoin (LTC) prices.
However, Collateral Network (COLT) might soon take over. While still in stage 1 of its public presale with a price of $0.01, COLT is a promising token, forecasted to deliver 3500% gains for its investors.
Cardano (ADA)
After a prolonged decline in 2023, the Cardano (ADA) price shows positive indicators of a significant rebound, leading to renewed interest from investors.
In the last month, the Cardano (ADA) price has increased from $0.35 to $0.37. Moreover, the Cardano (ADA) price has been up by 10.78% in the last 24 hours alone. As a result, Cardano (ADA) currently trades at $0.3753.
Cardano (ADA) has also grown in trading volume, from $240M to $319M during March 2023. Moreover, its market cap is also showing positive indicators, increasing from 12.22B to 12.79B in the last month.
Most crypto price predictions about Cardano (ADA) are bullish, suggesting that more market participants will further fuel its upward trajectory. Yet, bearish speculation regarding the Cardano (ADA) price still exists due to its frequent historical fluctuations.
Litecoin (LTC)
Litecoin (LTC) has gained more than Bitcoin (BTC) and Ethereum (ETH) in the past few days. The Litecoin (LTC) price has grown from $78.42 on the 20th March to $89.14 in less than ten days. Currently, the price of Litecoin (LTC) is $89.08, marking another increase in the last 24 hours alone.
During March, the trading volume of Litecoin (LTC) rose from $534M to $556M, while its market capitalization dropped from $7.08B to $6.47B.
Litecoin (LTC) uses the proof-of-work consensus mechanism, like Bitcoin (BTC). Yet, Litecoin (LTC) is different because of its deflationary model, meaning the number of Litecoin (LTC) tokens in circulation will gradually decrease over time. Litecoin (LTC) investors may benefit from this model in the long term due to the effect of scarcity.
Collateral Network (COLT)
Collateral Network (COLT) is the first decentralized lending protocol for real-world assets on the Ethereum (ETH) blockchain. Collateral Network (COLT) mints NFTs against tangible, physical assets, fractionalizes them and allows lenders to fund the loans by lending small amounts of money and earn back fixed-interest payments.
Collateral Network (COLT) eliminates the need for people to sell their alternative assets. Instead, they can place them as collateral and borrow against their fine watches, collectibles or vintage cars. The process is 100% discreet and doesn’t leave a mark on the borrower’s credit file.
Moreover, Collateral Network (COLT) cuts the time it takes to get approved for funding. At the same time, it grants people who find it challenging to obtain credit in their domestic country more options.
Collateral Network (COLT) lenders can benefit from fixed passive income, lending towards NFTs of tangible assets in the Collateral Network (COLT) vault and high-end security. So, what’s the worst that can happen? If the borrower defaults on their loan, COLT will repossess the asset and sell it off at auction to recover the lenders’ funds.
Estimations show Collateral Network (COLT) investors could benefit from 3500% growth over the upcoming six months, turning $100 into a remarkable $350,000.
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
