Bitcoin (BTC) broke above $29,000, signaling altcoins have real room to run in the coming weeks. Analysts weigh in on Binance Coin (BNB) with bullish price predictions after it recovers from FUD (fear, uncertainty and doubt). They highlight signs of strength in Cardano (ADA) and call attention to a new lending protocol in Collateral Network (COLT), leading the charge in real-world assets in DeFi with a 35x growth prediction.
Binance Coin (BNB) Price Prediction
Binance Coin (BNB) suffered massive FUD last week due to an encrypted tweet by Cobie- a famous online crypto personality. However, CZ, CEO of Binance, shrugged it off with his typical response ‘4’.
Price predictions for Binance Coin (BNB) look strong, with a predicted range of $580 and $691 in 2024. A decent upwards move from Binance Coin’s (BNB) price, at the time of writing, of $314.
Analysts remain confident in Binance Coin (BNB), stating its importance to the Binance Smart Chain, the second-largest DeFi ecosystem. The Binance Smart Chain executes millions of transactions daily, all requiring a gas fee payable in Binance Coin (BNB).
Binance Coin (BNB) launched in 2017 and has become vital to the ecosystem. Long-term holders of Binance Coin (BNB) have seen enormous profits from its ICO price of just $0.15, but investors who want to realize gains similar to the early days of Binance Coin (BNB) need to look to newer protocols such as Collateral Network (COLT).
Cardano (ADA) Shows Signs of Strength
Cardano (ADA) has been in a steady uptrend since early March, and on-chain data shows that Cardano (ADA) whales have been accumulating aggressively. A potential reason for this may be that Cardano (ADA) is regulatory compliant, and more institutional money is moving into crypto.
Cardano (ADA) was designed by Charles Hoskinson and launched in 2017. Cardano (ADA) recently launched its Blockchain Education Alpha Program, which has been circulating on Crypto Twitter, bringing attention back to this layer one.
Analysts remain bullish and forecast that Cardano (ADA) would trade between $0.71 and $0.86 in 2024, meaning a 2X from Cardano’s (ADA) price, at the time of writing, of $0.39.
Collateral Network (COLT) Continues its Rally
Collateral Network (COLT) has garnered attention across the crypto universe because it allows borrowers to unlock liquidity from real-world assets. The integration of real-world assets into DeFi has been highlighted as a critical growth area. It will enable DeFi to expand its utility offering to a broader market whilst bringing vast amounts of capital on-chain.
Collateral Network (COLT) is a challenger lender disrupting the status quo and pushing the entire DeFi lending paradigm forwards. It is the world’s first decentralized lending protocol for tangible off-chain assets.
Collateral Network (COLT) leverages a hybrid infrastructure model. It lets borrowers use assets like real estate, supercars and luxury watches on-chain through the use of 100% asset-backed NFTs, which are fractionalized to facilitate crowdlending
Collateral Network (COLT) joins lenders, borrowers, tangible assets, and blockchain. Lenders can earn passive income by supplying liquidity. Borrowers can access capital from their assets without selling them, allowing them to take advantage of price appreciation. And all of this is powered by the COLT token which grants holders benefits like staking, governance rights and more.
Analysts have already forecast a 3,500% gain for the COLT token by the time the presale closes. This is likely only the preliminary rally before COLT launches on centralized exchanges, and early investors may see 100X on their initial investments.
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
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 Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
