Place/Date: - April 10th, 2023 at 9:24 am UTC · 3 min read
Source: Collateral Network
There are many investors out there wondering which direction the price Polkadot (DOT) is likely to take in the near future.
In this post, we look at Polkadot’s (DOT) price prediction, why Arbitrum (ARB) saw a significant price drop recently, and why you should pay closer attention to Collateral Network (COLT) which is in the presale stage and is expected to make 35x returns by the end of its presale.
After Polkadot (DOT) announced a major partnership with the Stellar platform on March 28th, the price of DOT rose by 7% to trade at $6.27 in just a day.
The partnership is expected to boost Polkadot’s (DOT) liquidity. Both Polkadot (DOT) and Stellar will be connected via the Spacewalk Bridge.
The announcement was great news for Polkadot (DOT) investors. The DOT is currently selling for $6.37 with a trading volume of around $161,133,680 at the time of writing.
Keep in mind that despite its recent partnerships and technical capacity, Polkadot (DOT) is still over 90% down from its all-time high of $55 in 2021. At the moment, bears are in control but investors are optimistic of a breakout in the near future that could see Polkadot (DOT) push past its $6.5 resistance level.
Arbitrum (ARB) is one of the popular scaling solutions that help to improve the Ethereum (ETH) network through increased transaction processing speed and lower gas fees. Arbitrum (ARB) recently launched an airdrop that distributed free ARB tokens to supporters holding a good number of tokens.
However, after the airdrop, Arbitrum (ARB) saw a momentous sell-off. In just a few hours after the airdrop, the value of Arbitrum (ARB) dropped by 90% to $1.
Analysts believe that the sudden decline after the Arbitrum (ARB) airdrop was caused by a majority of investors who cashed in on their airdrop rewards to make a quick profit.
At the moment, holders of Arbitrum (ARB) tokens are an apprehensive lot but still optimistic that the drop is temporary and probably won’t last long.
As developers are still building on the platform and savvy investors are buying to capitalize on the reduced prices, Arbitrum’s (ARB) price is quite likely to rally back any time soon.
Collateral Network (COLT) is one of the most interesting projects at the moment. Collateral Network (COLT) is basically a crowdlending platform that connects borrowers with lenders inside a blockchain-based peer-to-peer environment.
Collateral Network (COLT) eliminates the tedious and slow borrowing processes of banks and other financial institutions. Collateral Network (COLT) makes the borrowing and lending process fast, easy, and efficient using fractionalized NFTs as a lending method, which is backed 1:1 by the assets of the borrower.
Borrowers can use the Collateral Network (COLT) platform to put up valuable items such as a private jet as collateral for a loan without having to sell their precious items.
The Collateral Network (COLT) platform is powered by COLT, its native token. COLT Holders of Collateral Network (COLT) get lower trading fees, reduced interest rates, and staking rewards among other benefits.
Collateral Network (COLT) is currently in its presale phase, which is a great opportunity to buy COLT tokens at a low price of $0.014. Analysts predict the price of Collateral Network (COLT) will increase by 3500% by the end of the presale.
Find out more about the Collateral Network here: Website, Presale, Telegram, Twitter.
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