Bitcoin (BTC) has investors wondering about its next move as Aave (AAVE) experiences a pullback. However, the real eye-catcher is the Collateral Network (COLT) which outshines both tokens.
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Collateral Network (COLT)
The Collateral Network (COLT) is the first Web3 decentralized lending protocol for real-world assets on the blockchain that is set to revolutionize the lending industry with its solutions.
The Collateral Network (COLT) enables participants to borrow funds against their physical assets, including real estate, watches, fine wines, and vintage cars.
The way it works is the Collateral Network (COLT) uses the borrower’s assets to mint 100% asset-backed NFTs, which are representations of the asset. Then, the Collateral Network (COLT) further fractionalizes the NFTs into smaller pieces so that many people can lend smaller amounts of money and get fixed-interest payments in return.
The Collateral Network (COLT) enables anyone rejected by financial institutions to get the funds they need, providing borrowers with cash in just 24 hours. Additionally, lenders can benefit from the Collateral Network (COLT) and turn it into a passive income stream.
Moreover, the NFTs are kept in the Collateral Network (COLT) vault, ensuring their security. Also, borrowing money via the Collateral Network (COLT) does not affect the borrower’s credit file and is 100% discreet.
Currently, the Collateral Network (COLT) is in Stage 1 of its presale, and the Collateral Network (COLT) is trading at $0.014. However, experts predict that the price could rise to $0.35, signaling a 3500% growth potential for holders.
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Bitcoin (BTC)
Bitcoin (BTC) has experienced a 70% surge in price in 2023, with the Bitcoin (BTC) token going over $29,000 and hitting a nine-month high in price. Bitcoin (BTC) is currently trading at $28,333.73, with an increase in the Bitcoin (BTC) price of 1.50% over the last 24 hours (at the time of writing).
Additionally, the CEO of the Coinbase cryptocurrency exchange recently announced their intention to integrate Bitcoin (BTC) Lighting, the level 2 scaling solution that the Bitcoin (BTC) network offers.
Bitcoin (BTC) Lightning enables users to perform Bitcoin (BTC) transactions faster and at a lower price compared to the Bitcoin (BTC) base network, making it quite attractive to users.
Still, despite the surge and improved performance, investors believe Bitcoin (BTC) faces a low risk of liquidations-induced price volatility.
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Aave (AAVE)
The recent Aave (AAVE) turn down from the $82 overhead resistance level has indicated to experts that the Aave (AAVE) bears are vigorously protecting this level. Moreover, the bears have pulled the Aaave (AAVE) price below the immediate support at the 20-day EMA ($75).
Currently, the Aave (AAVE) token is trading at $76.15, marking a 1.27% price increase in the last 24 hours (at the time of writing the article).
However, experts believe the Aave (AAVE) and USDT pair could slip to the 200-day SMA ($73), moving closer to the uptrend line. But, if the Aave (AAVE) bulls defend this level and make the Aave (AAVE) price rebound off of the uptrend line and break above the 20-day EMA, experts believe Aave (AAVE) and USDT could reach $82 again.
However, experts think the bullish Aave (AAVE) movement would be invalidated if Aave (AAVE) breaks below the uptrend line, decreasing its price to $68.
Learn 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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Source: https://www.thecoinrepublic.com/2023/04/12/bitcoin-prediction-2023-what-does-the-market-have-in-store-for-aave-and-collateral-network/