Crypto analysts have noted that overall demand for stablecoins has dropped, meaning investors have begun deploying capital into the markets, optimistic that sentiment has reversed. Filecoin (FIL) and Avalanche (AVAX) received updated price predictions due to those new liquidity movements, and a new crypto challenger lender, Collateral Network (COLT), has been forecast to gain 3,500% in the coming weeks.
Filecoin (FIL) Price Prediction
Filecoin (FIL) is a decentralized storage network offering its open-source cloud storage services to individuals, companies, and dApps globally. Filecoin (FIL) has garnered attention recently due to the release of the Filecoin (FIL) Virtual Machine (FVM), meaning the Filecoin (FIL) blockchain now provides programmability and smart contract support. Filecoin (FIL) has also rolled out a generous bug bounty program with rewards of up to $500,000 for any critical issues found.
Analysts have updated their price predictions for Filecoin (FIL) given this new utility application of its blockchain and now forecast that Filecoin (FIL) will trade between $10.56 and $12.85 in 2024.
Avalanche (AVAX) Price Prediction
Avalanche (AVAX) is part of the alternative layer one blockchains that became prominent in the prior bull market, collectively dubbed the Ethereum (ETH) killers. Avalanche (AVAX) consists of three separate blockchains, but when investors discuss Avalanche (AVAX), they are typically talking of the Avalanche (AVAX) C-chain, the contract chain where all DeFi happens.
However, Avalanche (AVAX) recently pushed the Cortina upgrade, which went live on its testnet. This upgrade makes it easier for centralized exchanges to support the Avalanche (AVAX) X-chain, which is responsible for moving funds around. Additionally, Avalanche (AVAX) has launched its Evergreen Subnets, allowing institutions to easily develop blockchains for commercial use. As a result, price predictions for Avalanche (AVAX) have become more bullish, with a forecasted range between $30 and $36.91 in 2024.
Collateral Network (COLT) Set to Surge 3,500%
Collateral Network (COLT) continues its runaway success. In its initial presale phase, it has already raised more than $460,000, and analysts expect it to surge by 3,500% before the presale closes. This challenger lender capitalizes on two core growth narratives within crypto: real-world assets and NFT technology.
Collateral Network (COLT) is the first decentralized lending protocol for real-world assets. Collateral Network (COLT) unlocks liquidity for tangible off-chain assets using 100% asset-backed NFTs. It supports a wide range of assets, including but not limited to real estate, jewelry, vintage cars, luxury watches, and fine art. The asset owner receives an NFT after collateralizing their asset and can access institutional-level liquidity on the Collateral Network (COLT) platform through crowd-sourced loans.
Lenders can supply capital and earn passive income through interest payments, and COLT holders will gain access to auctions where distressed assets will be sold. Holders of COLT will also receive discounts on trading fees in the marketplace (lenders) and reduced interest rates (borrowers), as well as having the possibility to stake COLT for an additional stream of passive income.
Collateral Network (COLT) pushes forward the potential of real-world assets in DeFi, and analysts expect it to enjoy roaring success due to this value proposition in the coming months.
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
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
