But the focus of this article is on a promising blockchain protocol called Collateral Network (COLT) that lets users become their own bank. The new DeFi project is quickly selling out during a presale event and could be a strong alternative to the traditional banking system.

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Collateral Network poised to improve the lending industry


Collateral Network is an innovative platform that taps into the possibilities of Web3 technology to bring a paradigm shift in the $4.9 trillion asset-backed lending sector. With COLT, your valuable possessions — such as a unique piece of art, a diamond necklace, or even an exquisite wristwatch — can now be used as collateral for loans.


Here's what truly sets Collateral Network apart: it converts your tangible asset into a digital version, known as an NFT. This digital form is then fractionated, allowing a group of lenders to purchase these fractions and collectively fulfill the loan amount required.


For the lending industry, Collateral Network means lower barriers to entry, faster loan processing times, and much more transparency. Just $10 is enough to buy an NFT fraction, making COLT an attractive option for everyone looking to become their own banker.


With the current price of COLT at $0.0241 early holders are buzzing as they are already 141% up. Collateral Network aims to reshape a trillion-dollar industry, and market analysts predict the COLT token to surge by over 3500% during 2023, with further gains once the platform is live.


Conflux price analysis


Conflux is a new platform that offers cross-chain interoperability and scalability. Conflux is the first blockchain protocol to enable both Proof of Work (PoW) and TreeGraph consensus mechanisms, allowing for more secure transactions with faster settlement times.


Conflux uses ShuttleFlow, a highly efficient cross-chain asset bridge built on Conflux to facilitate swift and smooth asset transfers across multiple protocols. There is talk of Conflux being the best cross-chain platform, which caused the Conflux (CFX) price to rocket from a mere $0.02 to a staggering high of $0.48. Conflux is now trading at around $0.22.


Another bullish case for Conflux is its Chinese origin, which allows it to benefit from the re-opened crypto market in China. With the rapidly growing Chinese crypto community, Conflux is expected to dominate the industry and become a front-runner in cross-chain technology.

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Chainlink price prediction


Chainlink is a decentralized oracle network that helps link real-world data to smart contracts on the blockchain. This unique use case caused Chainlink to surge by over 1,000% during 2021 to a peak of $52.88.


However, following the soaring heights, Chainlink had to contend with a considerable downturn, with its price plummeting to a low of $5.40 in 2022. Chainlink now trades at $6.05 after a 10% decline in the last 24 hours.


Interestingly, the Chainlink (LINK) price has moved within the $5 and $10 range for the past year. Investors seem to be at a crossroads between the bullish and bearish case for Chainlink, but all analysts agree that Chainlink will see extreme volatility if it breaks this range.


A bullish break would likely see Chainlink hit $18, while a bearish break would likely see the Chainlink price fall to $1.35.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk