The post Litecoin (LTC) Halving Could Lead To Gains, But Why Do Investors Prefer This New Altcoin Contender appeared first on Coinpedia Fintech News
Does Litecoin Halving Increase Price?
Investors in Litecoin (LTC) are careful about the forthcoming halving event, which happens every four years on the Litecoin network. The current block reward for Litecoin (LTC) is 12.5 Litecoin (LTC), which will be reduced to 6.25 Litecoin (LTC) following the halving, and consequently, decreasing the pace at which Litecoins (LTC) are minted.
This process of halving will continue until about the year 2142. Litecoin (LTC) is trading at $85.59, down 11.19% in the last week, with a market size of $6.23 billion and a 24-hour trading volume of $527.65 million.
Despite the recent decline, the price of Litecoin (LTC) has reinforced its bullish attitude by passing the nine-day exponential moving average (EMA). Litecoin (LTC) has developed an inverted head and shoulders pattern, indicating a trend reversal. This pattern can cause a 30% rise or reversal in the cryptocurrency.
As the 2023 halving event approaches, investors remain optimistic that greater Litecoin (LTC) scarcity will result in long-term success for one of the crypto ecosystem’s oldest and most renowned assets. Moreover, market players will be watching the price fluctuations of Litecoin (LTC) and its broader influence on the cryptocurrency sector.
A New Contender Bridges The Blockchain and Traditional Lending
Collateral Network is a decentralized platform disrupting the traditional pawnbroking sector. The platform allows people to use their physical assets, such as fine artworks, fine wine, and vintage vehicles, as collateral to unlock liquidity and obtain loans in crypto. It’s a cross-chain network with a hybrid architecture concept that takes conventional lending to Web3.
A borrower may obtain financing using a real-world asset minted into an NFT that reflects the asset on-chain at a 1:1 ratio (asset-backed NFT). In their current form, NFTs are fractionalized into smaller parts, allowing anybody, regardless of money or location, to become a fractional lender.
Collateral Network (COLT) Leverages Fractional Lending
By enabling various lenders from across the world to allocate smaller amounts of money towards the loans, borrowers on the platform can access global liquidity.
Lenders on the platform benefit as they receive a weekly passive income, becoming their own bank by building a diversified portfolio of loans.
Massive Gains Are Expected From The Collateral Network Presale because of the project’s potential to transcend the crypto market with its real-world utility application.
The token price is now $0.014 with a 40% deposit bonus and is expected to increase 100x when COLT is listed on major crypto exchanges. According to analysts, Collateral Network (COLT) is expected to yield 3500% during the presale.
Find out more about the Collateral Network presale here:
|Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues.
Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks