Investors that hold Dogecoin (DOGE) and Litecoin (LTC) are currently excited at the recent performance. However, all eyes are on Collateral Network (COLT) and the massive profit they stand to gain.
According to experts, Collateral Network will deliver 3500% to investors by 2024, and with a current token price of $0.014, it’s the perfect time to invest.
Dogecoin Set For Further Price Increase
Dogecoin breached the resistance trendline on April 3rd and suggested a possible trend reversal. This could attract bullish sentiment and encourage buyers to enter the market, leading to upward Dogecoin price movement.
If Dogecoin buyers successfully retest the breached trendline as potential support, this could provide further bullish momentum. If the market perceives this support level to be strong and reliable, it may attract more buyers and potentially drive the Dogecoin price higher.
The high trading volume of $1.16 Billion over 24 hours indicates significant market activity and interest in Dogecoin. This increased trading volume may reflect positive market sentiment and lead Dogecoin (DOGE) price upward if buyers continue to outnumber sellers. Although Dogecoin has pumped 5% now, investors believe that the coin can even pump further soon.
Litecoin Displays Bullish Trend
Similar to Dogecoin, Litecoin price analysis indicates that the cryptocurrency is currently experiencing a bullish trend. Litecoin (LTC) price has increased to $89.91 with a 1.06 percent gain in the last 24 hours.
The bullish momentum has managed to avoid being overtaken by the bearish momentum, which suggests that Litecoin is likely to continue its upward movement. The Bollinger bands, which represent resistance for Litecoin, show the upper band at $101, indicating that the cryptocurrency has growth potential.
Additionally, the moving average (MA) indicator is trading at $88.51, which is below Litecoin current trading price, suggesting that the bullish trend is likely to continue. The high volatility also indicates that the future will likely be positive for Litecoin.
Furthermore, the 4-hour Litecoin price analysis shows that the bullish momentum remains intact, with the hourly trend line moving upward. Overall, the 1-day and 4-hour Litecoin price analysis suggests a rise in price levels, with the coin’s price likely to reach the $90 range under the influence of the bulls.
Collateral Network Poised To Revolutionize Lending
Collateral Network is an innovative platform that allows individuals and SMEs to borrow funds against their physical assets (cars, jewelry, real estate) on the blockchain. This lending protocol, which operates on the Ethereum blockchain, is the first of its kind for real-world assets and disrupts the lending industry by solving several problems.
One of the problems that Collateral Network addresses is the difficulty in obtaining loans for non-traditional assets from financial institutions. More often than not, borrowers experience geographical restrictions, red tape, and low-interest rates. Thanks to Collateral Network, borrowers can benefit from fast turnaround times, privacy, transparency, and low-cost loans.
As for investors, they can act as mini-banks by offering loans backed by tangible assets and earn a fixed passive income with flexible payment terms. Decentralized loans offer full control over their loan book and early redemption options to investors.
Collateral Network token holders can also access private auctions of distressed assets, allowing them to purchase assets below market value when borrowers default on a loan. Experts predict that the Collateral Network (COLT) token will increase by 3500% by 2024 and could exceed a price of $0.35.
Find out more about the Collateral Network presale here: