Prolific Crypto Twitter figure Colbie recently tweeted an encrypted message using the SHA-256 hash function, which, when cracked, read ‘Interpol Red Notice for CZ,’ and the markets juddered at the news. Binance Coin (BNB) saw huge short interest, and analysts think Polygon (MATIC) looks overextended. But in this turmoil, Collateral Network (COLT), a new DeFi challenger lender, has continued to soar.
Binance Coin (BNB) Price Prediction 2023
The rumor has been proven to be FUD, and Colbie received heavy backlash on Twitter. Still, in his defense, Colbie has posted numerous other crypto messages that have never been cracked. Binance Coin (BNB) did dip as expected. However, CZ has shown time and time again his ability to overcome FUD. Binance Coin (BNB) has played a pivotal role in DeFi since 2017, and as Binance Coin (BNB) is the native asset of the Binance Smart Chain, the second largest DeFi ecosystem, it always has a steady stream of buy pressure.
Price predictions for Binance Coin (BNB) range between $510 and $619 in 2024, offering a decent upside for investors from Binance Coin’s (BNB) current price of roughly $310. Interestingly CZ has changed his Twitter picture to Hulk, insinuating he is bullish on Binance Coin (BNB) and crypto generally. Binance Coin (BNB) will likely set a new all-time high in the next twelve to eighteen months.
Polygon (MATIC)
Due to its recent success Polygon (MATIC) has had a tough battle against the bears. Polygon (MATIC) rallied through February on the news of it releasing its zk-evm rollup, but it appears that it was a buy the news sell the rumor event for Polygon (MATIC). Polygon (MATIC) now fights to stay above the $1 mark, with significant downside capitulation possible if it drops below this support level.
Polygon (MATIC) has consistently developed layer two scaling solutions since the Polygon (MATIC) PoS sidechain; however, Polygon (MATIC) now farces much fiercer competition. And analysts have revised their price predictions for Polygon (MATIC) accounting for other layer twos such as Arbitrum (ARB), Optimism (OP), and zkSync. Analysts forecast Polygon (MATIC) to trade between $2.12 and $2.38 in 2024, which still offers a decent upside, but nothing comparable to Collateral Network (COLT), which smart money has already been buying.
Collateral Network (COLT)
Collateral Network (COLT) has created an undeniable buzz amongst traders, analysts, investors, and media organizations. Its initial presale has already raised more than $450,000, and analysts have been quick to claim that given its ability to bring real-world assets on-chain and unlock their liquidity, Collateral Network (COLT) could become a blue chip within the next twelve months. This is alongside their forecasts that COLT will surge 3,500% before the presale ends.
Collateral Network (COLT) has built a multi-sided platform where lenders can earn stable passive income, and borrowers can unlock the liquidity potential of their assets without having to sell them. Collateral Network (COLT) provides institutional-level liquidity whilst onboarding real-world assets through its use of 100% asset-backed NFTs, and this challenger lender reshapes the world of DeFi lending.
At the heart of the Collateral Network (COLT) protocol is COLT, which grants discounted borrowing fees, trading fee reductions on the marketplace for lenders, and access to auctions where distressed assets will be sold. Additionally, COLT holders can provide liquidity to the loan book by staking their tokens- another passive income play.
Collateral Network (COLT) represents the next stage of DeFi lending and could easily be one of 2023’s most successful projects.
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
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