Aave & ApeCoin holders showing more interest in the Collateral Network presale

Great presales are the way to go for long-term returns at a low price, as most seasoned investors are aware. And the top presale to keep an eye on is Collateral Network (COLT), given its strong foundation and 35x return potential.

Let’s find out how the first crypto-challenger lender in the world, which is currently in Stage 1 of its presale, will fare in 2023 when compared to well-known coins like Aave (AAVE) and ApeCoin (APE)!

Aave (AAVE) 

Aave has been in the news recently after deploying on Metis Andromeda, further growing the Aave ecosystem. The Aave DAO has also been chosen by the Arbitrum Foundation to receive one of its DAO allocations, with nearly 2,704,175 Arbitrum tokens being given to the DAO. 

However, the AAVE token value has not been affected by all these developments as it trades for $69.67, which is a fall of 3.28% in the past 24 hours. The moving averages for Aave also display sell signals, which could paint a dire picture of the token’s future. 

Because Aave (AAVE) sentiment is bearish, analysts believe it could fall to its support level of $68.20 soon. For this reason, AAVE holders are beginning to look for a way out as new projects with more long-term growth potential are emerging daily. 

ApeCoin (APE) 

ApeCoin was recently announced as the new Ledger Quest partner. You can improve your Web3 security skills and get a special ApeCoin Nano thanks to an exclusive Ledger Quest that will only be available to ApeCoin holders, according to Ledgers’ announcement!

Currently, APE has a value of $4.07 with a market cap of $1.4B, a jump of 1.14% in the last day alone. The trading volume for ApeCoin has also increased by 70% in that same time and now sits at $132,013,705. 

The ApeCoin technical analysis also shows a bullish sentiment, with all technical indicators and moving averages showing green. Analysts remain bullish for ApeCoin, seeing it rising to $6.00 by December 2023. However, it lacks real-world use cases that could cause a significant rally.

Collateral Network (COLT)

Collateral Network will be the first Web3-based peer-to-peer lending platform where users can leverage valuable physical items such as real estate, luxury watches and cars, and more as collateral for loans. 

For example, a business owner who needs finance for a startup may now sidestep traditional lenders and banks by simply bringing their asset to Collateral Network to release its liquidity without selling the item. 

buy collateral network

Collateral Network will then mint an NFT representing the actual asset on the blockchain (making the NFT 100% asset-backed), fractionalize it, and allow the Collateral Network community to become fractional lenders by purchasing portions of these tokens for a predetermined interest rate! This will be paid out weekly, giving lenders a passive income. 

This platform will provide the perfect way to release cash and use assets sitting in your home without adversely affecting your credit score or paying anything to apply! Not only that, but lenders can also lend funds in various blockchains thanks to the multi-chain capabilities of the Collateral Network (COLT).

At the center of this platform will lie the COLT token, which will bring its holders’ various perks such as governance, staking rewards, trading/borrowing fee discounts, and more for a current price of only $0.01! But analysts believe this price will not be available for much longer, as they forecast a 35x jump to $0.35 for COLT in the next few months.

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

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

Related Articles

Back to top button