Every savvy cryptocurrency investor is on the lookout for the most promising coins to boost their portfolio. Analysts recommend paying close attention to Conflux (CFX), Ethereum (ETH), and Collateral Network (COLT).
Conflux (CFX)
While the crypto market is still recovering, Conflux (CFX) has earned the reputation of being one of the best performing cryptocurrencies this year. The price of Conflux (CFX) has surged by 1400% in just a few months.
There are several reasons for the stellar performance of Conflux (CFX). Firstly, Conflux (CFX) is the only approved blockchain in China, so there’s little chance of the authorities shutting down Conflux (CFX).
Secondly, Conflux (CFX) has partnered with China Telecom, which aims to launch blockchain SIM cards in Hong Kong. Besides, Conflux (CFX) further provides a bridge between the West and East. The excellent performance of Conflux (CFX) can also be attributed to capital inflows from several partnerships with different companies.
Conflux (CFX) is presently trading at $0.4249 with a 24-hour trading volume of over $593,115,195. Compared to its price of $0.17 a year ago, Conflux (CFX) has gained by over 135% in the last 12 months. Given its solid background and current performance, Conflux (CFX) is a great option to diversify your crypto portfolio.
Ethereum (ETH)
Ethereum (ETH) still is and has always been one of the top tokens to watch. Moreover, technical developments on the Ethereum (ETH) blockchain have recently made Ethereum (ETH) even more popular and increased demand and price.
For instance, having successfully made the Merge, which saw Ethereum (ETH) transition to the proof-of-stake consensus, Ethereum (ETH) opened staking opportunities to earn passive income on the platform.
Another reason for the recent growth of Ethereum (ETH) is the much anticipated Shanghai upgrade which goes live on April 12th. The Shanghai update will finally complete the Ethereum (ETH) staking initiative.
Many leading crypto analysts are bullish on Ethereum (ETH). Most agree that if ETH maintains its positive trend, it might skyrocket to $3,750 or even $4,300 by the end of the year.
Collateral Network (COLT)
Collateral Network (COLT) is another great option for short-term and long-term gains. Collateral Network (COLT) uses Web3 technology to provide an effective platform where borrowers can connect with lenders and get loans against their physical assets as collateral.
As the world’s first blockchain-based crowdlending platform, Collateral Network (COLT) allows users to create NFTs that represent the value of their assets. Then, the NFTs are fractionalized to let owners to borrow funds from multiple lenders on the Collateral network (COLT).
There are many types of physical assets or items that you can put up as collateral on the Collateral Network (COLT), including rental properties, pieces of art, luxury watches, vintage cars, and even expensive wines. The NFTs are backed 1:1 by the physical items.
Lenders get a fixed interest rate on the loans they provide on the Collateral Network (COLT) platform. In addition, the COLT token powers the Collateral Network (COLT), giving several benefits, such as staking rewards and governance rights on the platform.
Collateral Network (COLT) is currently in the presale stage. According to experts, the price of Collateral Network (COLT) is expected to grow by 3500% during the presale.
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.