Axie Infinity (AXS)
In recent positive news, a total of $5,800,000 worth of crypto taken from the Axie Infinity (AXS) Ronin Bridge last year by Lazarus hackers have been recovered by Norwegian police. The Axie Infinity (AXS) community applauded this operation because it was the most remarkable financial seizure ever in Norway.
Currently, Axie Infinity (AXS) has a value of $8.64 with a market cap of $980M, a decrease of 0.83% in the past 24 hours. Not only that, the trading volume for Axie Infinity (AXS) has also dropped by 43% in that same time. Bullish experts believe that Axie Infinity (AXS) may rise to $11.60 as its minimum price in 2023.
However, the technical analysis for Axie Infinity (AXS) shows sell signals in the last week, which could mean we may see it drop below $8 soon. With this data in mind, even Axie Infinity (AXS) holders are looking elsewhere for profits.
FTX Token (FTT)
A recent press release describing a report submitted in the Chapter 11 lawsuit states that FTX has a "significant shortage" in assets. This news also caused the FTX Token (FTT) price to drop last week.
FTX Token (FTT) is currently worth $1.29, down 3.03% overnight. Many FTX Token (FTT) holders are on the hunt for new projects with more utility as the FTX Token (FTT) price has already dropped by 34% in the last month. The technical analysis for FTX Token (FTT) also shows us that plenty of indicators are showing red which could mean a bearish trend is forming.
According to some analysts, this bearish trend is predicted to continue for FTX Token (FTT), with FTX Token (FTT) possibly falling below $1.10 by mid-2023.
The Collateral Network (COLT)
The first crowdlending platform will be created by Collateral Network (COLT), allowing users to buy fractional NFTs backed by physical assets like real estate or vintage cars.
Say you are an owner of a startup in need of funding. You also own a rare fine bottle of wine worth $30,000, this item can be used as collateral - and this is where Collateral Network (COLT) comes in! Send the bottle to Collateral Network (COLT) and they will create a NFT that represents the physical item on the blockchain. This NFT is then fractionalized into smaller pieces allowing lenders to help fund smaller portions of the required loan and receive an agreed fixed interest rate.
As a borrower you can now borrow against your assets discreetly without the need for credit checks and can unlock liquidity from your assets as quickly as 24hrs.
Holders of Collateral Network (COLT) tokens stand to receive various benefits as the platform develops. These benefits include staking rewards, borrowing fee discounts, and governance voting rights. The presale for the COLT token is now live with a starting price of just $0.01!
Analysts predict that this price may rally by 3,500% within the next six months, so follow the links below and purchase a potential blue-chip crypto for a very affordable price!
Find out more about the Collateral Network presale here:
Axie Infinity (AXS) And FTX Token (FTT) Fail To Provide Gains? Introducing The COLT Network (COLT) Presale!
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