The latest market correction caused many cryptocurrencies to drop over 10% in value. However, projects are now bouncing back amid the latest banking crisis. Projects such as Stellar (XLM) and Fantom (FTM) are experiencing renewed confidence among holders, driving up their value. Meanwhile, new projects like Collateral Network (COLT) are bursting onto the crypto scene, offering projected 3500% returns for early adopters.
Stellar (XLM) Surges After Market Correction
After crashing earlier in the month, Stellar (XLM) has bounced back at extraordinary rates. In just 2 weeks, Stellar (XLM) has increased in value from $0.76 to $0.1046, offering a monthly return of 19.13% for investors who purchased tokens at the start of March.
Stellar's (XLM) market cap has also grown by $0.3 billion during this price increase, taking the total market cap from $2.4 billion to $2.7 billion.
Given its influence on the world's financial systems, Stellar (XLM) is in an extremely strong position to capitalize on the recent market turbulence. As a result, market analysts predict that Stellar (XLM) could surge again in April, potentially hitting prices of $0.13.
Fantom (FTM) Capitalizes On Banking Downturn
Much like Stellar (XLM), Fantom (FTM) has surged in price following a turbulent start to the month. At the start of Marchn one Fantom (FTM) token was selling for $0.4281. This has increased by 1.28% to $0.4499 in the last 30 days following price surges in the last 2 weeks.
These price searches have been attributed to the recent banking downturn in which several large banks have collapsed, and Credit Suisse, one of the largest banks in the world, required a bailout. Given its practicality and low barrier to entry, Fantom (FTM) has quickly become a strong crypto alternative to hedge against inflation and financial uncertainty. Should Fantom (FTM) capitalize on this new attention, the project could easily experience additional price surges throughout the year.
Collateral Network (COLT) Applies DeFi To Crowdlending
Collateral Network (COLT) offers a unique new DeFi application that has already caught the attention of investors. Collateral Network (COLT) uses NFT technology to help borrowers bring their real-world physical assets on-chain and unlock liquidity with asset-backed NFTs. In the process, borrowers can quickly generate cash from lenders who will earn a passive income for any capital they lend investing in an NFT fraction.
Collateral Network (COLT) uses artificial intelligence (AI) to accurately value assets and enables investors to provide loans across multiple blockchains, with borrowers receiving cash in just 24 hours. Collateral Network (COLT) is completely decentralized and lets borrowers liquidate assets without complex processes or leaving a credit footprint.
Collateral Network (COLT) has passed an audit to guarantee the safety of borrowers and lenders, both of which can earn a number of rewards when holding Collateral Network (COLT) and using the platform.
Collateral Network (COLT) tokens are currently available for $0.01 and are expected to hit highs of $0.35 during the presale. This 35x ROI has investors excited about the future of Collateral Network (COLT) and what it can bring to the pawnbroking industry.
Find out more about the Collateral Network presale here: