Analysts Cryptocurrency Recommendations 2023: XRP, BNB And Collateral Network (COLT)

This article will explore these recommendations and dive into why Collateral Network (COLT) is one of the year's top-picked cryptocurrencies and the price is expected to 35x.

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XRP (XRP)

Investors are closely watching Ripple (XRP) due to its potential for significant growth in the near term. The recent uptrend in XRP's price is attributed to the "sell the news" event, where community members anticipated a summary judgment from Judge Analisa Torres in late March. The hype eased off after the judge delayed the ruling, causing a decline in XRP's price.

However, the recent downturn in XRP's price has allowed sidelined investors to buy the dip. The buying pressure has increased, kickstarting a northbound move that could see investors recoup recent losses. If the XRP bulls sustain the current accumulation pattern, Ripple's price could rally north, breaching the immediate resistance level at $0.531 and shattering the $0.558 resistance level on its northbound move.
In highly bullish cases, Ripple's price could spring up and tag the $0.590 resistance level, denoting a 16.25% ascent from the current price. This would be a watershed moment for XRP bulls, given the level was last tested almost a year ago in May. As the countdown to the ruling continues, XRP's outlook remains positive, and its growth potential is drawing investors' attention.?

BNB (BNB)

In a similar vein, Investors are also looking up to Binance Coin (BNB) due to the upcoming hard fork upgrade named "Planck" on its blockchain network, Binance Smart Chain (BSC). The security enhancements proposed by the BNB developers team aim to address vulnerabilities and improve the network's overall security.
In addition to improving security, the hard fork upgrade is also expected to enhance the efficiency and interoperability of the BNB Chain network, which can attract more users to the BNB platform and increase the potential for dApp developers to generate revenue from their applications.?

As a result of the upcoming hard fork upgrade, the BNB Chain's market capitalization has been growing steadily, reaching almost the $50 billion mark. This growth can be attributed to the increasing adoption of the BSC network and the growing interest in its use cases.?

Overall, the upcoming hard fork upgrade is an essential milestone in the BNB network's development, creating a more efficient and reliable blockchain ecosystem that may support a wide range of dApps and use cases, drawing investors' attention.

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Collateral Network (COLT)

Collateral Network (COLT) is a decentralized finance (DeFi) platform that allows users to provide loans across multiple blockchains. What sets it apart from other DeFi platforms is its hybrid infrastructure model, which combines both on-chain and off-chain assets, resulting in institutional-level liquidity for those wishing to unlock liquidy from their real-world physical assets..?

As a modern-day blockchain network, ?Collateral Network (COLT) uses artificial intelligence (AI) to value assets accurately and generate algorithmic lending rates, making the lending process more efficient and accurate.

One of Collateral Network (COLT) primary advantages also includes slippage-free trading, which prevents the price of an asset from being impacted by huge trades, creating a more stable market. The platform also provides 2FA security options, ensuring users' funds are safe and secure.

Collateral Network (COLT) is a cross-chain network, making it highly versatile and usable on different blockchains. The platform's native token is $COLT, which can be used to pay transaction fees, participate in governance, and earn rewards.?

Collateral Network (COLT) $COLT token is currently selling at the presale. The price was $0.01 and has already risen to $0.014 as experts have predicted that the project will surge by a massive 3500%, and 1 COLT could sell for $0.35 before the end of the presale.?

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