Investors in Kava (KAVA) and Quant (QNT) are running out of patience as the prices of both cryptos are falling. With their values going south, investors have taken notice of a new project, currently in its presale phase, that possesses a solid team and predicted to 35x during presale – Collateral Network (COLT).
Kava (KAVA) recently revealed that the much-anticipated Kava 13 upgrade would come on May 10th, 2023. With the Kava 13 update, developers can expand and expedite their protocols and improve user experience throughout the Kava (KAVA) ecosystem.
Nevertheless, the Kava (KAVA) token has been struggling over the last 24 hours as at the time of writing, it trades at $0.9176, a fall of 1.13%. Also, the trading volume for Kava (KAVA) decreased by 26% in that same time and now sits at $20,795,549.
Bearish sentiment can also be seen in the Kava (KAVA) technical analysis, with its moving averages and technical indicators displaying sell signs. Experts have noted these signs as they predict that Kava (KAVA) could drop to $0.800 by December 2023 if the resistance level of $1.160 is not broken soon. With the overall price action of Kava (KAVA) showing bearish signs, investors are sidestepping it for projects with more long-term upside.
According to recent statistics, Everledger, a blockchain operating system created by Quant (QNT), has increased activity over the previous week. This increase showcases the need for interoperability in the crypto market, something Quant (QNT) aims to provide.
However, this development for Everledger has not had any impact on the Quant (QNT) token, which, at the time of writing, has a value of $121.89, down 1.98% in the last day alone. Moreover, it looks like the selling pressure for Quant (QNT) is growing with a trade volume decrease of 13% overnight, standing at $15,821,025 currently.
All the technical indicators and moving averages for Quant (QNT) are also showing strong sell signals, tipping the scales in favor of Quant (QNT) bears. As this data points to adverse price action, analysts believe Quant (QNT) could plummet to its support level of $105 within Q4 of 2023.
Collateral Network (COLT) aims to become a market leader for borrowing and lending by creating a technologically superior platform to enable peer-to-peer crowdlending. This is made possible by allowing borrowers from around the globe to borrow against off-chain assets like luxury cars, watches, fine art and more on a decentralized, Ethereum-based lending platform.
Say you need a short-term loan; if you have a valuable physical item such as a luxury watch or a rare whiskey – you can use it as collateral by sending it to the Collateral Network (COLT). This platform will then mint an NFT entirely backed by the tangible item itself and store it on the Ethereum blockchain.
Because asset appraisal is done on Collateral Network (COLT) with artificial intelligence, borrowers do not have to go through the awkward ordeal of going into an actual store and negotiating. As well as this, fractional lenders who fund the loan are able to earn a fixed share of the interest rate in weekly installments.
COLT token holders obtain trading/borrowing fee discounts, staking bonuses, and governance voting rights, and investors can purchase COLT for a discount of just $0.014!
But with the presale being in Phase 1 currently, experts predict that by the time the presale concludes, this value may soar to $0.35. Sign up below and become an early investor in what some analysts predict may be the best investment for 2023.
Find out more about the Collateral Network presale here:
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