Quant (QNT) and Onyxcoin (XCN) have been underperforming recently, causing many losses for crypto investors. But analysts believe they have found the perfect substitute – Collateral Network (COLT), a Web3 lender currently in Phase 2 of its public presale that could disrupt an entire industry! With some analysts predicting a 35x gain for early COLT investors soon, let’s see what sets this hidden gem apart from the rest of the pack!
Quant (QNT)
Quant (QNT) recently attended the CityAM digital asset event to explore tokenization and its benefits. Quant (QNT) intends to make tokenization publicly available since it claims to increase trade transparency.
Quant (QNT), at the time of writing, has a value of $121.17 with a market cap of $1.4B, up 0.89% in the past 24 hours. The trading volume for Quant (QNT) also jumped by 1.14% in that same time, reaching $12,122,283.
On a negative note, the technical analysis for Quant (QNT) shows a bearish sentiment, with all its moving averages displaying sell signals. With this analysis in mind, experts predict Quant (QNT) could see a short-term rise to $130 within Q4 of 2023. But if a downtrend occurs due to selling pressure, Quant (QNT) may also fall below $110 within that period.
Onyxcoin (XCN)
As a result of ongoing crypto crashes and outages, Onyxcoin (XCN) has suffered in the past two weeks as it sank by 9.5%. Currently, Onyxcoin (XCN) is trading hands at $0.004101, which is a fall of 0.77% overnight.
Also, the 24-hour trading volume for Onyxcoin (XCN) has also decreased by 0.20% and now stands at $8,282,416. When looking at the technical analysis for Onyxcoin (XCN), we can also see that its technical indicators are in red.
Analysts remain long-term bearish for Onyxcoin (XCN), with many of them pointing to the fact that it’s real-world utility is still lacking. With a predicted fall below $0.003000 by December 2023, Onyxcoin (XCN) holders are looking for a way out as Onyxcoin (XCN) looks to be under bear control at the moment.
Collateral Network (COLT)
Collateral Network (COLT) aims to disrupt the lending industry by creating a revolutionary Ethereum-based peer-to-peer crowdlending platform where users may unlock liquidity from off-chain assets, such as cars, real estate, and art pieces, without actually selling them!
Say you need a short-term loan; you can simply send these assets to Collateral Network (COLT) and use them as collateral. The Collateral Network platform will then mint an NFT representing the physical version of the asset itself (100% asset-backed) and store it on-chain. After fractionalization, this token will be sold to the Collateral Network (COLT) community in parts that will fund the loan!
This process, called fractional lending, provides advantages to all lenders as they will earn a fixed weekly interest rate with a partial NFT purchase. On the other hand, borrowers can borrow against their assets without leaving a trace on their credit file and with flexible terms!
The COLT native token will bring its holders perks such as voting rights on future listings, passive income in the form of staking, and access to distressed items below market value on the Collateral Network (COLT) auctions site. With a current presale price of just $0.014, up from its initial price of $0.01, now is an excellent opportunity to obtain these benefits plus a 40% deposit bonus!
Analysts think its value will increase by 3500% over the next few months, reaching $0.35. If you want to participate in this presale with excellent short and long-term upside, now is the time to get involved.
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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