The Cosmos (ATOM) price is entering an accumulation phase, but according to analysts, ATOM could rally 30% because Cosmos (ATOM) is at a key support area. Meanwhile, Collateral Network (COLT) is in the early stage of presale and has already gone up 40%. Investors see the long-term opportunity with Collateral Network (COLT) being the first NFT-backed peer-to-peer lending platform.
Cosmos (ATOM) to surge higher - large upside potential ahead
Experts expect support to continue to hold for the Cosmos (ATOM) native coin, ATOM. ATOM recently failed to break the upside, and price action has slowed down, with RSI barely reaching oversold levels.
It is soon to be expected that price action will take the price of Cosmos (ATOM) back upwards again. The bull trap at $13 has seen quite a decent amount of stopped-out positions, as the Cosmos (ATOM) price quickly retreated, and bears overhauled the bullish attempt.
Without much resistance for bulls to the upside, Cosmos (ATOM) holders are bullish on the nearly oversold RSI, and price action indicates Cosmos (ATOM) is set to soar higher. The probability is high that price action is strong enough to break the bearish cap at $13 because the path of least resistance is up. Passing that resistance opens the doors to go pretty much directly to the next resistance area at $15, which would reflect nearly a 30% gain for Cosmos (ATOM) holders.
Collateral Network (COLT) presale – COLT pumps 40%
Collateral Network (COLT) offers a decentralized peer-to-peer lending platform built on the Ethereum blockchain. They mint fractionalized NFTs (F-NFTs) backed by physical assets such as real estate, automobiles, jewelry, gold bars, etc. Once the NFTs representing the assets of borrowers are minted and fractionalised, they can be funded by a wide range of lenders in the Collateral Network (COLT) community.
Indeed, Collateral Network (COLT) accepts a wide variety of tangible assets from borrowers as collateral. After evaluation, they offer loans at competitive rates, and lenders create passive income by hosting small loans at a fixed interest rate.
Collateral Network (COLT) is the first project using smart contracts to automate the peer-to-peer lending process. Independent in geographical access, borrowers can raise funds with minimal hassle. Besides, accounts with Collateral Network (COLT) are decentralized, and investors are in complete control of their funds.
The easy-to-use marketplace provides fixed income at low risk, and staking of the native COLT token adds an additional possibility for passive income. Collateral Network (COLT) F-NFT tech plans bridge onto different blockchains, providing distribution to various ecosystems. COLT has already increased by 40% from the initial price of $0.01.
How to Buy COLT
COLT tokens are available for purchase in the presale portal on the official website. BTC, ETH, BNB, USDT, SOL, SAND, MANA, DOGE or SHIB are the accepted currencies.
Conclusion
The Cosmos (ATOM) recent price action indicates enough momentum to break the resistance at $13, and further gains seem ahead to the next resistance area at $15, where profit-taking will very likely create sell pressure and trigger a short-term correction.
Collateral Network (COLT) enters the market with the goal of disrupting the peer-to-peer lending industry permanently. Experts see the potential and expect COLT to reach 35x in the presale period and a possible 100x after listing on major exchanges.
Find out more 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
