Place/Date: - April 17th, 2023 at 7:57 am UTC · 3 min read
Source: Collateral Network
Elon Musk recently made Dogecoin (DOGE) go wild by changing the blue bird logo on Twitter, which he has since removed, but rumors remain that Dogecoin (DOGE) may become the platform’s currency. In other news, a new challenger lender, Collateral Network (COLT), eyes a 35x move in its presale, and Hedera (HDA) has been performing in line with the market this week.
Dogecoin (DOGE) experienced massive volatility recently as Elon Musk and his strange obsession with Dogecoin (DOGE) struck again. Musk changed Twitter’s logo for a brief stint and led traders to open leveraged long positions, many of which were eventually liquidated when Musk removed the Dogecoin (DOGE) logo.
Price predictions for Dogecoin (DOGE) remain unreliable due to how heavily Dogecoin’s (DOGE) price relies on market sentiment and hype. Musk’s most recent move proves this. However, analysts cautiously predicted that Dogecoin (DOGE) could trade between $0.11 and $0.13 by the end of the year.
They warned that Dogecoin (DOGE) remains a highly speculative investment option and suggested that investors looking for gains driven by real-world utility would be far better off allocating their capital to Collateral Network (COLT).
Collateral Network (COLT) has understandably caused a buzz in the crypto space after analysts predicted that the COLT token would surge 3,500% before the presale closes. This new DeFi protocol bridges the gap between on-chain liquidity and off-chain assets, creating a hybrid infrastructure crowdlending model unlocking liquidity for real-world asset owners.
Collateral Network (COLT) pioneers a new standard in asset-backed lending and does so on-chain, allowing asset owners to access global liquidity around the clock in a permissionless manner. Collateral Network (COLT) makes this possible by using 100% asset-backed NFTs, backed by borrowers assets like supercars, real estate and fine art.
Jeff has a luxury timepiece. He sends it to Collateral Network (COLT), who appraises the item with the help of artificial intelligence (AI) and then mint a unique NFT for Jeff 100% backed by his watch. Jeff can now access liquidity from lenders on Collateral Network (COLT) through the platform’s unique NFT fractionalization process. As a result, lenders earn a fixed rate of interest for crowdlending.
This makes Collateral Network (COLT) a trailblazer in the DeFi crowdlending industry, and the COLT token has massive upside potential in the coming months, having already surged by 40% in just a few weeks.
Hedera (HBAR) has risen this week, recently releasing impressive metrics that the Hedera (HBA) network has processed more than six billion transactions and even recently had an advertisement in Times Square New York visible on the Hedera (HBA) Twitter page.
Hedera (HBA) remains a relatively complicated protocol for new investors, and although it does use an open distributed ledger, it is not a blockchain in the typical sense. Instead, Hedera (HBA) uses what is known as a Directed Acyclic Graph (DAG), which reaches consensus in a different way to blockchains, but does power rapid throughput.
Hedera (HBA) serves institutional clients more than retail users and can often be overlooked by ordinary investors. Analysts remain relatively bullish on Hedera’s (HBA) future predicting that the Hedera (HBA) token will trade between $0.088 and $0.099 by the end of the year, up from its price, at the time of writing, of $0.067.
Find out more about the Collateral Network here: Website, Presale, Telegram, Twitter.
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