Litecoin, Conflux and Collateral Network
As the sun shines bright and the temperatures rise, the cryptocurrency market is heating up with promising opportunities. In this article, we will delve into three cryptos poised for substantial gains in Summer 2023: Litecoin (LTC), Collateral Network (COLT), and Conflux (CFX). Most notable is the Collateral Network presale of discounted tokens, which is generating significant investor interest and demand.
Collateral Network poised to revamp the lending industry
Collateral Network is a Web3 lending platform that connects lenders and borrowers in a decentralized way. No longer do bank managers have to approve loans; lenders and borrowers can now connect directly on Collateral Network.
The key to Collateral Network’s innovative approach lies in the creation of fractionalized NFTs that represent a borrower’s tangible asset. This digitized asset acts as collateral on the Collateral Network platform, enabling users to secure loans from a worldwide network of lenders.
Transforming assets into NFTs allows for the division of collateral into smaller segments, making it possible for multiple lenders to support a single borrower and become mini banks. This means that even small investments, such as $10.00, can yield returns on Collateral Network.
Collateral Network (COLT) has already experienced significant growth during the second stage of its presale, with its value increasing from $0.010 to $0.014. As the launch price is set at $0.051 and with the potential to reshape the asset-backed lending sector, early adopters have a unique opportunity to reap considerable profits.
Litecoin price predicted to increase
While Collateral Network is an up-and-coming crypto, Litecoin is one of the most established cryptocurrencies in the market.
Since Litecoin’s launch in 2011, it has consistently been one of the top 10 cryptos by market capitalization and is considered a secure and reliable asset for those looking to diversify their portfolio.
But it isn’t Litecoin’s technical fundamentals that make it an attractive target for investors, but rather the upcoming Litecoin halving event. Due to take place in August 2023, the Litecoin halving will reduce the coin’s block reward from 12.5 LTC to 6.25 LTC, making it more scarce and thus increasing its value.
Litecoin is already reacting well to the halving event, with its value increasing from $47 at the start of the year to beyond $100 in April 2023. Analysts now anticipate the value of Litecoin (LTC) to reach $200 by the time the halving occurs.
Conflux price on the rise
Finally, Conflux is a blockchain network that combines Proof of Work and Tree-Graph consensus algorithms. This allows for greater scalability, making it possible for even more users to participate in Conflux’s decentralized applications.
Conflux is one of the top-performing cryptos of 2023, with the Conflux (CFX) price rising from $0.023 to a recent peak of $0.48 — a 1986% gain in just four months. However, the Conflux price has since corrected to $0.26 after profit taking.
Analysts expect that the Conflux price will again surge once more as users become more aware of its potential and innovative applications on the blockchain. They note that Conflux is a Chinese project, which could benefit from Hong Kong opening back up to crypto later this year.
The $0.20 level should act as strong support for Conflux, while the $0.48 level will act as overhead resistance.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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
