A rumor of an Interpol Red Notice for CZ circulates on Twitter, and traders have started shorting Binance Coin (BNB). However, despite this, Hedera (HBAR), Conflux (CFX) and Collateral Network (COLT) continue to rip, and altcoin season is in full swing with the chance for investors to make outlandish returns, specifically with Collateral Network (COLT) which has a projected 3500% growth potential to an ultimate $0.35 price.
Hedera (HBAR) has executed more than one billion transactions in the past seven days and has announced several partnerships, including one with Fresh Supply Company. Investors like what they see, and Hedera (HBAR) is up more than 10% this week.
Hedera (HBAR) trades at $0.06676, with price predictions from analysts forecasting a range between $0.11 and $0.13 in 2024 for the token. The Hedera (HBAR) project bills itself as an open-source public network for institutions, and Hedera (HBAR) has been quietly building throughout the bear market. This institutional-grade blockchain leverages Directed Acyclic Graph (DAG) technology making Hedera (HBAR) one of the most scalable and sustainable public networks.
On-chain data shows traders going long Hedera (HBAR), as well as Conflux (CFX), and aggressively participating in the Collateral Network (COLT) presale.
Conflux (CFX) has been a massive beneficiary of the China Narrative. And analysts expect that Conflux (CFX) will rally when Hong Kong legalizes crypto trading for retail investors in June. Conflux (CFX) is the only public blockchain endorsed by the Chinese government, and as such, Conflux (CFX) enjoys a position of privilege in Asian markets.
Conflux (CFX) employs a hybrid consensus mechanism, blending proof of work (PoW) and proof of stake (PoS), known as the Tree-Graph consensus mechanism, which has been in development since 2017.
Analysts forecast that Conflux (CFX) will range between $0.68 and $0.76 in 2024, a significant move up from the Conflux (CFX) current price of $0.3568.
Collateral Network (COLT) is a peer-to-peer challenger lender representing the world’s first decentralized lending protocol specializing in real-world assets. Collateral Network (COLT) lets asset owners tap into global institutional-level liquidity by minted asset-backed NFTs.
The Collateral Network (COLT) platform brings together lenders who can earn stable returns on their capital, outpacing those offered by other DeFi protocols and banks, and borrowers with assets can collateralize privately without any mark on their credit history. Collateral Network (COLT) can unlock liquidity for real estate, jewellery, fine art, vintage cars, diamonds, and many other physical assets.
Collateral Network (COLT) has already been fully audited, with the COLT token delivering platform discounts for lenders and borrowers, providing passive income through staking, and unlocking access to the protocol’s auction house. Analysts continue highlighting Collateral Network (COLT), which they believe will rally more than 3500% in its presale phase. The initial phase of the presale has already raised more than $430,000, and analysts state that there is still lots of room for growth.
Analysts expect it to continue rallying, highlighting its several unique and distinct forms of buy pressure. With expected gains of 3500% in the coming weeks and a further rally of 100x when COLT launches on centralized exchanges, this protocol could become a blue-chip project as early as 2024.
Find out more about the Collateral Network presale here:
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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