Polkadot (DOT) Price Prediction: Arbitrum (ARB) Drops while Collateral Network (COLT) Is Forecasted for 35x Returns
Photo: Collateral Network
This content is provided by a sponsor
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.
Polkadot (DOT) Price Prediction
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)
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)
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.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
