What does the crypto market have in store for Huobi Token (HT), Polygon (MATIC), and Collateral Network (COLT)? Huobi Token (HT) and Polygon (MATIC) are two established cryptocurrencies, both ranked in the top 100 on CoinMarketCap. However, they could be surpassed in the future by an innovative, crowdlending platform currently in its first presale stage with a token price of $0.014 in the form of Collateral Network (COLT).
Collateral Network (COLT) Novel Mechanism Boosting Credit Industry
Collateral Network (COLT) has the first-mover advantage, as it is the first crowdlending platform for tangible assets. Collateral Network (COLT) allows people to use their real-world assets, like gold bars, vintage cars, rare wine, and others, as collateral for obtaining loans. Hence, Collateral Network (COLT) has a hybrid infrastructure model that combines on-chain and off-chain assets.
Usually, conventional banks do not grant loans against non-traditional assets, and the pawnbroking industry provides funds against physical assets at an exorbitant interest rate. Thus, until now, people had only one option of selling their assets at a lower market price to arrange funds. So, Collateral Network (COLT) has built a platform that entertains a wide range of physical assets as collateral, and gives loans by minting fractionalised non-fungible tokens against them.
Collateral Network (COLT) sells these fractional NFTs to lenders in a decentralized marketplace where lenders receive passive income in exchange for funding a loan. Meanwhile, borrowers are allowed to redeem their assets after repaying the loan, and Collateral Network (COLT) destroys all NFTs minted against the asset.
Therefore, the demand for Collateral Network (COLT) is soaring, and the value of a presale COLT token has shot up to $0.014 from $0.01. The fact that only presale investors will get access to the VIP members club has further created a rush and the market price of COLT has been predicted to rise to $0.35 during the presale.
InterFi Network have audited the project, and a 33-year liquidity lock after presale will be performed after the presale ends, cementing Collateral Network as one of the best investment options on the market!
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Huobi Token (HT) Struggling to Regain its Previous High
Huobi Token (HT) had a rough month when the price crashed from $4.87 to $3.84 in less than 24 hours. Since the crash on 10th March, Huobi Token (HT) has been showing a sideways movement and slipped down a little more. With the price of Huobi Token (HT) troubling token holders, the long-term predictions did nothing to cheer them up. Analysts say that Huobi Token (HT) is likely to have a bearish pattern throughout the year. Some predict that Huobi Token (HT) might touch $11 by the end of the year and it appears that competitors are gaining over Huobi Token (HT).
In other news, Huobi Token (HT) pledged to pay $25 million worth of user benefits and cash to victims scammed in the Gala Games. Huobi Token (HT) will be paying $15 million Tether, and $10 million worth of equity as compensation to victims. After a bad actor minted $1 billion worth of pGALA by scamming users. Gala Games and Huobi Token (HT) made this announcement five months after the incident. Time will tell if this news will boost the token’s upward momentum.
Will Polygon (MATIC) Turn Bullish or Bearish?
Polygon (MATIC) appears to be struggling with the resistance level, according to analysts. Though Polygon (MATIC) found a minor support level at $1.08 by last month’s end, the token hasn’t yet gained an upward momentum. The new resistance for Polygon (MATIC) is set at $1.25. This is a long way above the Polygon (MATIC) price of $1.124 at the time of writing.
Polygon (MATIC) has previously reached closer to $1.25 in mid-March. However, Polygon (MATIC) couldn’t break free, and establish a bullish trend. We saw Polygon (MATIC) fall over the next few days before moving upward again. Analysts predict that Polygon (MATIC) will repeat a similar pattern if it doesn’t cross the $1.25 mark soon. If Polygon (MATIC) falls to less than $1.08, it could end up closer to $0.95. Though this year has been good for Polygon (MATIC), the token is yet to establish a strong bullish trend.
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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