Collateral Network (COLT) is now live, with investors flocking to buy their first COLT tokens for only $0.01. While this rising star is attracting all the attention, Avalanche (AVAX) holders receive contradicting signals; Filecoin (FIL) holders should monitor the next network upgrade to understand whether the project is tanking or is on the path to recovery.
Avalanche (AVAX) Price Analysis: What’s Next?
In the past few weeks, Avalanche has been in a bearish trend, but AVAX holders shouldn’t lose hope as the project has recently shared its report of activities, highlighting an increase in transactions per second.
This growth sign, however, is to be taken with a grain of salt – the network had another short outage on the 26th of March, indicating that further improvements should target the disruptions that keep occurring.
On the good side, staking on the network has been on the rise. This is because the staking rewards increased by about 8%, which makes staking tokens more lucrative.
Filecoin (FIL) Seems Bearish
While many altcoins have been recovering lately, Filecoin (FIL) was not one of them, despite its strong potential. Filecoin is a blockchain project that targets the way we store and manage our data online, allowing users complete freedom and security and making data storage cheaper.
On the good side, Filecoin’s (FIL) price may start going in the right direction soon if the community votes on the next major network upgrade. Known as FIP0056, the upgrade could tackle some of the main problems with the network, such as increasing the sector durations.
In addition to this, network health remains good, but FIL may not be able to recover if the new upgrade is not approved by the community. Some metrics, such as trading volume, remain negative, while development activity has also been dropping.
Collateral Network Enters the Market at the Right Time
Amid spiking prices and tough economic conditions, Collateral Network comes as a breath of fresh air. This new crypto project brings together all types of investors, but also everyday individuals in need of money.
Essentially, this platform allows anyone to borrow against real-world assets by minting asset-backed NFTs. You can now use collectibles, artwork, vehicles, real estate, or other expensive goods as collateral for loans and get access to money when you need it.
Collateral Network revolutionizes the banking industry. People no longer need credit checks to borrow money, and interest rates represent a trustworthy source of income for lenders. NFTs are backed by assets 1-to-1, but NFTs are fractionalized, making them accessible to anyone. Also, users can trade and transfer their loan portfolios on the secondary market.
All transactions are based on Collateral Network’s native token, known as COLT. Currently, this innovative project is in its presale stage. One token is only $0.01, but thanks to its massive potential to change the money markets and revolutionize the lending industry, experts estimate that COLT will increase by 3,500% in the near future.
Blockchain technology is here to stay and is perhaps one of the hottest topics right now. New projects like Collateral Network are taking the market by storm, as it is the first challenger lender that allows users to access cash without the risks and drawbacks of traditional bank loans.
Find out more about the Collateral Network presale here: