As the crypto market enters a springtime surge, investors are keeping a close eye on promising projects like Collateral Network (COLT), Arbitrum (ARB), and Litecoin (LTC), all poised to flourish in May. With Collateral Network offering discounts during the presale phase, early investors have a unique opportunity to participate in this ground-breaking project. Let’s take a closer look at each of these projects and what potential they offer.
Collateral Network set to transcend the lending market
Picture a Web3 platform set to revolutionize the colossal $4.5 trillion asset-backed lending market. This is the goal of Collateral Network, a system that converts borrowers’ tangible assets into unique digital NFTs that can be used as collateral.
These NFTs are then split into smaller portions, enabling multiple investors/lenders to participate and become mini banks. Collateral Network accepts a wide range of valuable assets, such as fine wines, art, jewelry, and watches.
Collateral Network provides investors with an opportunity to generate passive income by lending their funds to borrowers and earning interest in return. For borrowers, Collateral Network offers fast access to liquidity without the need for a bank.
The first phase of the Collateral Network (COLT) presale is now offering COLT tokens at $0.014 each, a 40% increase from its starting price of $0.01.The current price is time-sensitive, so investors need to take advantage of this opportunity to maximize their future returns.
Arbitrum poised for bullish returns
Arbitrum is a layer 2 scaling solution developed to enable Ethereum-based smart contracts that are private, fast, and secure. With Arbitrum, developers can launch and deploy complex dApps that would otherwise be impossible on Ethereum.
Arbitrum was launched in April but already has a total value locked of more than $2.9 billion. This impressive figure has allowed Arbitrum to sustain a market cap of over $1.5 million, which is impressive for such a new project.
Analysts believe that the Arbitrum network has the potential to become a major player in the future of DeFi. The $1.00 price level is a support foundation for Arbitrum, and buyers are likely to enter the market if there is a dip in this support zone. The most bullish analysts project the price of Arbitrum (ARB) to hit $2.50 – $3.00 in the coming months.
Litecoin event predicted to cause price increase
Last but not least, we have Litecoin, one of the original cryptocurrencies created in 2011 and still going strong today. Despite having been overshadowed by the larger altcoins, such as Ethereum (ETH) and Bitcoin (BTC), Litecoin is now in the spotlight as it is set to benefit from the halving event taking place in August.
This Litecoin event will cut the block rewards miners receive in half and is expected to drive up the price of Litecoin. Typically, the price of Litecoin has surged after each halving event in the past.
The current price of Litecoin (LTC) is around $76 and analysts are expecting it to rise as we approach the halving event. Many believe that Litecoin could potentially reach a high of $250 or even higher during 2023. However, the wider market conditions will impact just how much the Litecoin halving positively affects the price.
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:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.