Investors are wondering whether the Aave (AAVE) and Maker (MKR) tokens can deliver better utility compared to Collateral Network (COLT).
Well, that will undoubtedly be a difficult task for the two tokens, as Collateral Network (COLT), currently in stage 2 of its public presale, continues to gain investor attention with its 3500% growth potential.
Collateral Network (COLT)
Collateral Network (COLT) continues to impress as it shows signs of excellent utility in the future. The Collateral Network (COLT) is the first Web3 peer-to-peer decentralized lending platform.
Collateral Network (COLT) enables borrowers to put up real-world assets like watches, collectibles, and real estate as collateral and borrow funds against their value. Then, Collateral Network (COLT) mints NFTs against these physical assets and further fractionalizes them into smaller pieces. This fractionalized lending model that the Collateral Network (COLT) team uses enables anyone to lend smaller amounts of money and get weekly fixed-interest payments in return.
Additionally, Collateral Network (COLT) enables borrowers to get the necessary funds within 24 hours. Also, by using Collateral Network (COLT) to borrow money, borrowers ensure a 100% discreet lending process that does not leave a mark on their credit files.
Collateral Network (COLT) is currently in stage 2 of its public presale, and grants holders numerous benefits like staking, governance rights and more. The COLT token is trading at $0.014, up over 40% from its initial price of $0.01, and experts believe that it could deliver up to 35x gains to its holders.
With this unprecedented demand, and an ongoing 40% deposit bonus for presale buyers, now represents the perfect opportunity to get involved in a project that is set to be the future of lending.
The Aave (AAVE) bears have been working overtime to protect the Aave (AAVE) $82 resistance level, driving the Aave (AAVE) price below the immediate support at the 20-day EMA ($75).
Since the Aave (AAVE) turndown, the Aave (AAVE) price has increased and at the time of writing, trades at $75.90 per token.
Additionally, experts believe that Aave (AAVE) could continue to move closer to the uptrend line. However, this could go both ways for Aave (AAVE) holders.
Namely, if the Aave (AAVE) bulls defend the 200-day SMA level at $73 strongly, they could cause the Aave (AAVE) price to rebound off the uptrend line and break above the 20-day EMA. This could drive the Aave (AAVE) price up to $82 again.
However, the Aave (AAVE) bears could invalidate the bullish movement and make the Aave (AAVE) price go down to $68 if the token breaks below the uptrend line.
Since the beginning of 2023, the Maker (MKR) token has been moving upward. And after reaching its primary resistance level, the Maker (MKR) token price began consolidating between its primary support and resistance.
But soon after the Maker (MKR) token reached the secondary level of resistance at $970.83, Maker (MKR) sellers pushed the Maker (MKR) token below its primary resistance.
Currently, the Maker (MKR) token is trading at $703.39, marking a 1.63% increase in price in the last 24 hours and an increase in the Maker (MKR) market cap of 1.62%.
These factors combined led experts to put the Maker (MKR) token at a resistance level between $823.69 and $970.83. Additionally, they mark the token’s support level between $656.92 and $588.25.
So, the current state of the Maker (MKR) token suggests that it’s undergoing a price consolidation, and its increased RSI and MACD show strength in the current uptrend.
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