Binance is arguably one of the biggest cryptocurrency exchanges handling huge trading volumes on any given day, contributing to the Binance Coin (BNB) growing popularity. In addition, renewed interest in cryptocurrency after last year’s implosion and collapse will likely drive the Binance Coin (BNB) demand and price. Similarly, analysts remain optimistic about Toncoin (TON) and Collateral Network (COLT), which has seen great success in its presale phase so far with a 40% price increase.
Binance Coin (BNB) Price Prediction
Binance Coin (BNB) is the native token that powers the Binance crypto exchange. The Binance Coin (BNB) token is already up by more than 30% for the year. However, more gains are expected amid renewed interest in cryptocurrencies that have significantly increased trading volumes on the Binance exchange.
The increased trading volumes on the Binance exchange translate to a significant increase in trading fees that must be paid in Binance Coin (BNB). Consequently, demand for Binance Coin (BNB) continues to increase as more people flock to the exchange to buy and sell cryptocurrencies.
While Binance Coin (BNB) price prediction is dependent on the growth of the Binance Exchange platform, its future looks bright. Expectations are high that Binance Coin (BNB) will power through the $400 level before the end of April. In addition, increased focus and interest in cryptocurrency should also see the Binance Coin (BNB) price cross the $700 level by the end of 2023.
Collateral Network (COLT): The Future of Crowdlending
Collateral Network (COLT) is a new Web3 peer-to-peer crowdlending project built on the Ethereum blockchain that enables borrowers to obtain loans against their physical assets by leveraging NFT technology.
The process works by minting an NFT against the borrower’s physical asset. Therefore, every NFT is backed 1:1 by the physical asset, which is stored in the vault for the duration of the loan. The platform accepts real estate, watches, jewelry, fine wines, etc., as collateral for the loan. The NFT representing the physical asset is fractionalized, enabling the community of lenders to fund the loan by purchasing one or more fractions of the NFT. In return, lenders receive a weekly fixed interest rate.
Therefore, multiple lenders lend small amounts of money to fund a loan, opening this market to more people and enabling them to build a diversified portfolio of mini loans.
Users’ identities and anonymity are protected, allowing people to borrow discreetly against their assets without leaving any footprint or affecting their credit scores. All contractual information is stored in the metadata of the NFTs and cannot be erased or changed.
Additionally, the crowdlending platform has its own token, COLT, that enables holders to enjoy low trading fees and access to the auction of distressed assets, among others. The COLT token is in its presale phase at $0.014, with experts anticipating it to reach $0.35 before it is listed in major exchanges.
Toncoin (TON), Enhancing Blockchain Transactions
While experts have anticipated that the COLT token will increase by 3500%, Toncoin (TON) is also expected to make stellar gains in 2023. However, TON, the native token powering the Toncoin (TON) network, has come under pressure recently and remains 10% down for the year.
Toncoin (TON) is a Layer-1 blockchain cryptocurrency developed by the encrypted messaging app Telegram. Sustained by a massive worldwide user base, the Toncoin (TON) blockchain enables superfast transactions at some of the lowest costs. It can process 55,000 transactions per second and handle millions daily.
Backed by a multi-level structure that takes advantage of sharding, the Toncoin (TON) network is secure and less prone to attacks than other networks. Additionally, Toncoin (TON) maintains a high level of scalability and therefore does not suffer from congestion issues.
Toncoin (TON) is one of the cryptocurrencies worth paying attention to as it is supported by Telegram, one of the biggest messaging apps. Amid the increased focus on cryptocurrencies as a way of payment, it could become a preferred means of payment for millions of people that flock to the app to connect.
Bottom Line
There is no doubt that Binance is one of the biggest crypto exchanges enjoying an excellent reputation. Its native token, Binance Coin (BNB), continues to elicit strong interest from people looking to transact and do business on the exchange. Likewise, Collateral Network (COLT) continues to elicit strong interest in presale, with its COLT token expected to rise by over 3500%.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Why Are Analysts Calling Toncoin (TON) And Collateral Network (COLT) The Top
