Does Litecoin Halving Increase Price?
Investors in Litecoin (LTC) are careful about the forthcoming halving event, which happens every four years on the Litecoin network. The current block reward for Litecoin (LTC) is 12.5 Litecoin (LTC), which will be reduced to 6.25 Litecoin (LTC) following the halving, and consequently, decreasing the pace at which Litecoins (LTC) are minted.
This process of halving will continue until about the year 2142. Litecoin (LTC) is trading at $85.59, down 11.19% in the last week, with a market size of $6.23 billion and a 24-hour trading volume of $527.65 million.
Despite the recent decline, the price of Litecoin (LTC) has reinforced its bullish attitude by passing the nine-day exponential moving average (EMA). Litecoin (LTC) has developed an inverted head and shoulders pattern, indicating a trend reversal. This pattern can cause a 30% rise or reversal in the cryptocurrency.
As the 2023 halving event approaches, investors remain optimistic that greater Litecoin (LTC) scarcity will result in long-term success for one of the crypto ecosystem’s oldest and most renowned assets. Moreover, market players will be watching the price fluctuations of Litecoin (LTC) and its broader influence on the cryptocurrency sector.
A New Contender Bridges The Blockchain and Traditional Lending
Collateral Network is a decentralized platform disrupting the traditional pawnbroking sector. The platform allows people to use their physical assets, such as fine artworks, fine wine, and vintage vehicles, as collateral to unlock liquidity and obtain loans in crypto. It’s a cross-chain network with a hybrid architecture concept that takes conventional lending to Web3.
A borrower may obtain financing using a real-world asset minted into an NFT that reflects the asset on-chain at a 1:1 ratio (asset-backed NFT). In their current form, NFTs are fractionalized into smaller parts, allowing anybody, regardless of money or location, to become a fractional lender.
Collateral Network (COLT) Leverages Fractional Lending
By enabling various lenders from across the world to allocate smaller amounts of money towards the loans, borrowers on the platform can access global liquidity.
Lenders on the platform benefit as they receive a weekly passive income, becoming their own bank by building a diversified portfolio of loans.
Massive Gains Are Expected From The Collateral Network Presale because of the project’s potential to transcend the crypto market with its real-world utility application.
The token price is now $0.014 with a 40% deposit bonus and is expected to increase 100x when COLT is listed on major crypto exchanges. According to analysts, Collateral Network (COLT) is expected to yield 3500% during the presale.
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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