Analysts have been advising investors to rotate into altcoins, specifically Aptos (APT), Mask Network (MASK), and Collateral Network (COLT). Bitcoin’s price continues to increase while Bitcoin dominance falls, a classic sign of altcoin season and a great time to hold smaller-cap tokens. Analysts remain hyper-bullish on the Collateral Network (COLT) presale, the first decentralized lending protocol for real-world assets.
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Aptos (APT)
Aptos (APT) is a third-generation layer one blockchain that uses a Proof of Stake (PoS) consensus mechanism, and Aptos (APT) boasts an incredible throughput of over 150,000 transactions per second. Aptos (APT) received colossal venture capital funding, and many believe this was due to the engineers working on Aptos (APT) who were former developers at Meta.
Aptos (APT) has been driving adoption and recently partnered with KYDLabs to deliver on-chain support for buying tickets to music events. Aptos (APT) has also been venturing into GameFi, and given the performance of the Aptos (APT) blockchain, it has an excellent application for DeFi as well. Price predictions remain bullish for Aptos (APT), with analysts forecasting a range between $20.96 and $25.50 in 2024.
Mask Network (MASK)
Mask Network (MASK) has steadily been climbing through the rankings. Mask Network (MASK) aims to decentralize Web2 social media and allow users to send encrypted messages on platforms like Twitter and Facebook. Mask Network (MASK) adds a privacy layer to these social media platforms, and Mask Network (MASK) essentially links Web2 social media and decentralization.
Mask Network (MASK) received an allocation of $ARB from the airdrop. With this additional funding in its treasury, it can adopt a more expansionary attitude, as shown by its recent acquisition of the team behind RARA- a social curation protocol.
Elon Musk taking over Twitter was a great tailwind for Mask Network (MASK), and since the token has been performing well. Analysts expect a continued uptrend and have given price predictions ranging between $10.59 and $12.17 in 2024- a decent upside from the Mask Network’s (MASK) current price of $5.37.
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Collateral Network (COLT) Expected to Surge 3,500%
Regarding upside potential, very few protocols can match Collateral Network (COLT). This new challenger lender has already raised more than $800,000 in its initial presale stage, and analysts forecast that by the time the presale ends, COLT will have surged by 3,500%.
Collateral Network (COLT) unlocks liquidity for real-world assets through its hybrid-infrastructure model and leverages 100% asset-backed NFTs to change the current landscape of DeFi lending. Until now, users have only been able to collateralize cryptos for permissionless loans. Thanks to Collateral Network (COLT), tangible off-chain assets, such as real estate, fine art, vintage cars, jewelry, gold, and many more, can now be used to access global decentralized liquidity pools.
Real-world asset integration in DeFi will be one of the core growth drivers in the next decade, and Collateral Network (COLT) rests at the frontier. The COLT token unlocks to the full potential of the platform. It entitles holders to discounts on interest fees (borrowers), discounts on trading fees (lenders), and access to auctions where they can bid on distressed assets at below-market prices.
Collateral Network (COLT) is a powerful multi-sided platform where lenders can earn passive income from interest payments, borrowers can use their assets to access liquidity without having to sell or go through the bureaucratic minefield of traditional asset-backed lending, and this protocol changes the current paradigm within DeFi lending. Easily one of 2023’s most exciting protocols.
Read 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