The post Fantom (FTM), Avalanche (AVAX), And Collateral Network (COLT) Are Experts’ Top Cryptocurrency Picks For 2023 appeared first on Coinpedia Fintech News
As the cryptocurrency landscape continues evolving, investors are constantly looking for the next big thing. With 2023 upon us, experts have identified three cryptocurrencies that are generating significant interest: Fantom (FTM), Avalanche (AVAX) and Collateral Network (COLT), the latter being a recent project that is set to explode by over 3500% in the coming weeks due to its immense popularity and real-world use cases. Let’s find out more.
According to Coinpedia, Fantom (FTM) price could claim a potential high of $0.62 by the end of 2023 and reach a maximum of $4.45 by the end of 2030. In addition, Crypto Reporter PR has listed Fantom (FTM) as one of their top picks for scalable and fast transactions in 2023.
Fantom (FTM) is based on a novel consensus method known as ‘Lachesis,’ one of its many enticing features. The technique does not need miners because many validators add fresh blocks to the chain and are compensated with Fantom (FTM) coins.
Suppose the environment is favourable to the Fantom (FTM) vision. In that case, the community’s stance and programs like incentive schemes will all be advantageous and could quicken the protocol’s acceptance, which might attract more new investors. As a result, the Fantom (FTM) price could spike to its $0.62 annual closing goal.
On the other hand, if things don’t go as expected and the digital asset is exposed to unfavourable press and FUD, the Fantom (FTM) currency’s price would stabilise at its possible low of $0.35. However, considering all factors, a promising average price for digital currency might be $0.48.
According to crypto experts, Avalanche (AVAX) is expected to have an average rate of $15.94 in March 2023 with a potential ROI of 6.8%. The minimum and maximum prices can be expected at $14.42 and $16.39, respectively.
Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. According to market experts Crypto Vault, Avalanche (AVAX) can reach $104.70 by 2031, and it could reach as high as $48.28 by the end of 2025.
The most recent data shows the Avalanche (AVAX) trading volume has grown over the last four months. The current pricing is heavily influenced by the market’s size and overall supply.
Famous cryptocurrency investing company Valkyrie announced on May 4th 2022, that it intended to introduce an Avalanche Trust for corporate wagers on the chain’s native AVAX token. Additionally, this will increase the exposure of Valkyrie shareholders to the Avalanche (AVAX) blockchain platform. As new opportunities become available, future Avalanche (AVAX) ecosystem projects will likely benefit from this cooperation with Valkyrie.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralised crowdlending platform that enables anybody to borrow crypto against real world physical assets. Collateral Network has a strong foundation and good long-term growth prospects, which have led to a 35x predicted price increase.
This is executed by minting NFTs that accurately depict the physical form of the asset that a borrower on the platform is using as collateral to obtain a loan. These NFTs are fractionalized into smaller units allowing multiple lenders to fund loans in smaller amounts and still receive a predetermined interest rate from the borrower. After the loan has been paid back, the NFT is burned and the asset is returned to the original borrower.
For both borrowers and lenders, introducing off-chain items on-chain is an innovative approach. Borrowers can obtain funds from anybody without geographical restrictions. In 24 hours, money can be sent covertly without impacting their credit score.
Because Collateral Network (COLT) enables various people to fund the loans, borrowers utilising the crowdlending system now have the chance to enjoy institutional-level liquidity. Lenders effectively can become their own bank and participate in the lucrative lending industry while earning passive income.
COLT tokens can be purchased at a discounted rate of just $0.014 during the second round of the ongoing presale, offering an alluring opportunity for early investors. The Collateral Network (COLT) presale is expected to increase by 3500%.
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!
Read more about the COLT presale here:
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