Place/Date: - June 1st, 2023 at 10:30 am UTC · 4 min read
Source: Collateral Network
As we head into the middle of the year, there are several cryptocurrencies that are showing great growth promise including Aptos (APT), Chainlink (LINK), and Collateral Network (COLT). Aptos price prediction looks quite positive for the year while Chainlink has made over 2% gains in the last few days.
Investors are also flocking to Collateral Network in the first stage of presale after having made 40% gains in the last few weeks. Analysts forecast the price of COLT tokens to explode by 3500% by the end of the presale.
Today we look at the price prediction of Aptos, the recent Chainlink surge, and the anticipated Collateral Network’s 3500% gains.
Aptos looks set to make more gains this year thanks to its utility and the team behind the project. Aptos is a layer 1 blockchain that uses proof-of-stake consensus to provide secure and fast transaction speeds.
Aptos recently launched a smart contract programming language known as Move which helped to raise a significant amount of venture capital.
The rise of Aptos can also be attributed to the team behind it including former engineers at Meta. Aptos is also gaining much traction thanks to its ability to deliver an impressive throughput of over 150,000 transactions per second (TPS).
At the time of writing Aptos is trading at $8.17 with a trading volume of $150.57 million in the last 24 hours. However, the price of Aptos (APT) has dropped from its January highs of over $10.
Aptos looks set for a good year ahead but investors looking for short-term profit now prefer to invest in newer projects that are still in presale such as Collateral Network.
Chainlink is another good investment to look at this year. Chainlink has in fact witnessed significant growth lately thanks to its utility and demand. In just a few days, Chainlink has made over 2% gains.
Chainlink is presently enjoying a bullish trend with 7 days in green. This is probably because of the recent upgrades Chainlink made on its network to improve speed and security. The upgrade has attracted investors to Chainlink causing a rise in demand of its native token, LINK.
At present Chainlink (LINK) is trading at $6.60 with a 24-hour trading volume of $1,520,228,133. Chainlink has already gone up by 25% this year.
The current positive sentiment for LINK as well as with its real-world application and the ongoing improvements on the network has created renewed investor interest in the LINK token. Analysts predict the price of LINK to go higher in the coming months as it bounces back from last year’s lows.
As a decentralized crowdlending platform, Collateral Network makes it possible for individuals to borrow money by leveraging their physical assets as collateral on the blockchain. Borrowers only need to submit physical assets including real estate, luxury watches, cars, art pieces, and even fine wine to the Collateral Network platform for verification and have NFTs minted against the value of their assets.
The NFTs minted can be used as collateral to obtain loans from lenders on the same platform. The NFT is further split into smaller pieces by fractionalization to allow multiple lenders to fund the same loan in small amounts.
The Collateral Network lending process is automated using smart contracts for transparency and security. The asset-backed lending market is expected to be worth over $1,721.38 billion by 2031.
Collateral Network is also expected to grow by leaps and bounds in the coming months with the price of its COLT tokens predicted to surge by 3500% by the end of presale.
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