Cryptocurrencies are constantly changing and evolving, making it challenging for investors to keep up with the latest trends. In recent times, three cryptocurrencies that have caught the attention of the market are Polygon (MATIC), Collateral Network (COLT), and Cardano (ADA).
These three digital currencies have seen significant growth and market adoption, making them some of the most talked-about cryptos in the space. Whether you’re an experienced investor or interested in cryptocurrency, read more about Polygon (MATIC), Cardano (ADA) and Collateral Network (COLT), which is notably set for 35x returns.
Polygon (MATIC)
According to a few sources, Polygon (MATIC) may be traded at an average price of $1.42 in May 2023. Another source predicts that the price of Polygon (MATIC) may hit a high of $2.45 (in December 2023) and a low of $0.61 in April 2023.
Polygon (MATIC) price seeks to break through the critical resistance (CR) mark at $1.27, which sits at the intersection of the 50% Fibonacci Retracement of the $1.52 to $1.01 movement if the bullish forecast seen in investors’ hands materializes. The altcoin must turn the current level into support so investors can push Polygon up by 32% to the $1.52 high of 2023.
The Relative Strength Index (RSI), which is in the bullish zone and is above the neutral point line, indicates that there is still a lot of space for a rally. A retracement toward the critical support (CS) at $1.04 would occur if the critical barrier were not overcome.
Cardano (ADA)
According to a recent article by Changelly, Cardano (ADA)’s price will be traded at $0.39996 on average in May 2023 and might increase the Cardano value to $0.439956. Another article by FXStreet states that Cardano gaming has gone cross-chain thanks to integration with a new layer-2 network. The partnership will enable ADA holders to play on-chain games without bridging tokens to other networks.
The most recent information indicates that Cardano’s price is currently $0.36, and ADA stands at No. 7 in the overall crypto ecosystem. Cardano has a market value of 34,730,976,807 ADA, with a distribution quantity of $12,577,219,897.51.
The cryptocurrency’s value has grown by $0.02 over the last 24 hours. ADA has remained in a strong upward trajectory for the past week, rising by 5.21%. Recently, Cardano has demonstrated very powerful potential, so now might be a good time to jump in and make an investment.
Collateral Network (COLT)
Collateral Network (COLT) enables people and businesses to obtain short-term loans without conventional banking middlemen. Collateral Network (COLT) generates asset-backed fractionalized NFTs for each physical object used as collateral by borrowers. After fractionalizing these NFTs, it makes them available to lenders.
The NFTs are tangible and secure for investors because they are supported 1:1 by borrowers’ physical assets like real estate, cars, luxury jewellery, etc. This enables borrowers to unlock capital quicker from a community of lenders, while these lenders earn a share of the fixed interest.
Collateral Network’s token is COLT. Holders of this utility token have benefits like staking, governance rights, and more. COLT is worth $0.01 in its current presale stage, but that price is expected to increase to $0.35.
Team coins have a three-year lockup period to safeguard the network and guarantee its growth. Additionally, the coins in the liquidity pool have a 3-year lockup period. Importantly, a smart contract audit for Collateral Network (COLT) was successful, giving investors peace of mind.
One of the most intriguing initiatives in 2023 is Collateral Network (COLT). It is worthwhile to watch because it has a practical use case, strong tokenomics, and a committed team.
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
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