Don’t miss out on the top 3 hottest altcoins to buy: XRP (XRP), Dogecoin (DOGE), and Collateral Network (COLT). As the first decentralized peer-to-peer lending network for physical assets on Web3, Collateral Network (COLT) is set to revolutionize the industry, with analysts forecasting a 35x return for the project.
XRP (XRP)
As 2023 starts, Ripple’s XRP (XRP) provides a ray of optimism. XRP (XRP) is doing well despite an ongoing legal struggle with the US Securities and Exchange Commission (SEC). According to CoinMarketCap, XRP (XRP) is the best-performing major currency, having gained more than 35.11% in the previous 30 days.
The creation of higher lows, the defence of the $0.5 XRP (XRP) support, and a positive lower timeframe perspective imply that XRP (XRP) might break over $0.53. XRP (XRP) is now trading at $0.5128, up 51.56% year to date.
The market capitalization of XRP (XRP) is $26,540,848,474, up 1.32%. XRP (XRP) trade volume increased by 23.25% in the previous 24 hours (at the time of writing), hitting $800,646,417. XRP (XRP) bulls have held the critical $0.5 support level for the previous 10 days, increasing the chances of a bullish breakthrough for XRP (XRP).
Dogecoin (DOGE)
Dogecoin (DOGE) has gained 13.17% in the last week and 18.84% in the last month, with a current price of $0.09384. This Dogecoin (DOGE) surge is in part due to Tesla CEO Elon Musk’s comments, which have increased Dogecoin’s (DOGE) social engagement. However, the technical structure of Dogecoin (DOGE) predicts a regression for Dogecoin (DOGE).
Musk’s Twitter activity has boosted Dogecoin’s (DOGE) popularity; nevertheless, a lack of purchasing demand suggests a regression. This means that Dogecoin (DOGE) may continue to rise with Bitcoin.
Dogecoin (DOGE) has a market capitalization of $12.64bn and a 24-hour trading volume of $693.49m. Musk’s recent joke about paying one million Dogecoin (DOGE) for evidence of ownership of a diamond mine he claims to possess has increased interest in Dogecoin (DOGE).
Collateral Network (COLT)
Collateral Network (COLT) will be the first blockchain-based Web3 peer-to-peer lending network for loans backed by real-world assets. Collateral Network (COLT) is disrupting the crowdlending industry by addressing numerous challenges, such as liquidity, transparency, flexibility, and credit accessibility.
Fine art, automobiles, and diamonds, for example, have historically required a long and complicated liquidation procedure. Borrowers may use Collateral Network (COLT) with their tangible assets and borrow from lenders without having to pass through extra hurdles.
How can someone use Collateral Network, then? First, a borrower sends a physical asset to Collateral Network (COLT), which will authenticate and value the asset. Then, the team will mint an NFT to represent the asset and its value. The 100% physical-asset-backed NFT will be fractionalized further through Collateral Network (COLT). Finally, Collateral Network (COLT) lenders will acquire these fractionalized NFTs to provide the capital the borrower needs. Simultaneously, lenders become their own banks and earn a fixed interest rate on their money, resulting in a win-win scenario for everybody.
This system is facilitated with the project’s native COLT tokens, which provide various benefits for borrowers ranging from staking rewards to governance rights and more.
Collateral Network (COLT) is now in stage 1 of its presale, with Collateral Network (COLT) tokens valued at only $0.014. However, analysts believe the price will rise to $0.35 quickly, representing a 3500% gain for Collateral Network (COLT) investors.
If you are looking to benefit from COLT’s predicted rise from $0.014, check out the links below to find out how you can benefit from a 40% purchase bonus.
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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