Beginner investors usually invest their money in popular cryptocurrencies like Polygon (MATIC) and TRON (TRX). Little do they know that new cryptocurrencies with massive growth potential generate the most significant gains. Take Collateral Network (COLT) for an example. While still in its public presale, it has been forecasted to achieve 3500% gains for its holders during the presale.
Polygon (MATIC) Falls Under Bearish Pressure
Polygon has recently launched the Polygon zkEVM Mainnet Beta. However, this news did not help the Polygon value – the price dropped by approximately 20.49% over the last month. Currently, Polygon (MATIC) is trading at $0.85. Technical analysis says that Polygon (MATIC) will continue the bearish trend until July, reaching a low of $0.63.
Despite that, crypto experts believe in a Polygon’s long-term development potential. The ongoing Polygon collaborations with companies like Disney and Starbucks will be a massive game changer in the industry.
Bulls expect Polygon to enter an upward trend starting at the end of this summer, forecasting 2023 high for Polygon (MATIC) at $1.32.
TRON (TRX) Shows Mixed Sentiment
TRON has been on an upward trend since the beginning of 2023, currently trading at $0.069. With TRON growing development, bullish investors expect the price of TRON to reach $0.082 by the end of 2023 and recommend TRON for a long-term portfolio.
On the other hand, Binance has removed TRON from its list of available cryptocurrencies. This decision comes after Justin Sun, the founder of Tron, was sued by the U.S. Securities and Exchange Commission (SEC) for alleged illegal activities related to the sale and distribution of unregistered securities, as well as fraud and market manipulation involving the TRX token.
Consequently, many technical analysis experts agree that the TRON trend will finish soon, and the TRON (TRX) price will start declining, potentially dropping to $0.058 by the end of June.
Collateral Network (COLT) Dominates the Crypto Scene
Collateral Network is a revolutionary Web3 peer-to-peer lending platform built on the Ethereum blockchain. It aims to disrupt the traditional lending industry by granting users worldwide an alternative funding option besides banks or pawnbrokers.
Collateral Network users can unlock liquidity against real-life assets, including real estate, fine art, collectibles, vintage cars, gold, watches, diamonds, and more, within 24 hours.
Say you have a diamond ring worth $5,000 and need a short-term loan. This is where the Collateral Network comes in. Collateral Network will receive, authenticate, and store your asset in its secure vault. Better yet, the company uses AI for the most accurate authenticity check and value estimation.
Then, Collateral Network will create an NFT that represents your diamond ring on a 1:1 basis. Finally, Collateral Network divides the NFTs into smaller pieces, i.e., fractional lending. As a result, multiple lenders can participate in your loan, function like mini-banks, and earn an interest rate on their investment.
The Collateral Network (COLT) price has already increased from $0.01 to $0.014 during the presale. This number is expected to increase further, reaching 35x before COLT enters major exchanges and 100x once it does. So, if you want to diversify your portfolio with a stablecoin, now is the time. Lock in the discounted price before the presale sells out!
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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