Chainlink (LINK) price prediction – Investors lose faith in Ripple (XRP) ahead of SEC ruling, Collateral Network (COLT) Pumps 40% in pre-sale with no stopping

The crypto world is buzzing with many events, some being bullish in nature while a few having a bearish outlook. Chainlink (LINK) investors’ loss, Ripple’s (XRP) legal tussle with SEC, and Collateral Network’s (COLT) enormous presale growth have been the biggest headliners.

The presale of Collateral Network is live, and has already risen by 40% in a matter of days. If you were also considering investing in one of these three cryptos, Collateral Network is undoubtedly the best option.

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Whales lose trust in Chainlink

The latest data from IntoTheBlock has made investors wary about Chainlink’s future growth. The data revealed that more than 80% of Chainlink token holders are suffering losses. It is largely due to a significant decline in the market value of Chainlink in the past few months. The current price of Chainlink (LINK) is 88% below its all-time high of $52.88.

At present, Chainlink is available to trade at $6.58. According to experts, the disenchantment of whales with Chainlink has been a primary reason behind the fall in LINK’s value. As per Santiment, the number of whale addresses on the Chainlink network has been on a declining trend.

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Ripple sees increase in Network Activity

Although the Ripple network has witnessed a surge in its network activity in recent weeks, bearish sentiments around it are getting intensified ahead of the verdict in the XRP-SEC lawsuit. Experts believe that the network activity has surged largely due to the nearing verdict in the lawsuit between Ripple and SEC.

Additionally, it has given a positive push to the price movement of Ripple. But experts opine that growing FUD around Ripple can cause a long bearish phase for its investors. According to LunarCrush’s data, bearish sentiments around Ripple have become 35% stronger in the past 90 days.

Investors are apprehensive about Ripple because if the court gives a verdict against the network, the price of XRP can suffer a massive drop. Currently, Ripple is changing hands at $0.51.

Collateral Network aims for the moon

Collateral Network is a Web3 crowdlending platform enabling users to take loans against physical assets at a competitive interest rate. The platform helps people borrow money against various non-traditional assets, including fine art, wine bottles, watches, cars, and more.

People seeking loans can send their assets to Collateral Network, which has employed an artificial intelligence-based mechanism to evaluate and authenticate the collateral. Collateral Network creates fractionalised NFTs against borrowers’ physical assets. The collateralised assets are kept safely in the company vaults until the settlement of the loan.

Investors can purchase these asset-backed NFTs from an open marketplace, and grant loans at fixed interest rates set by them. COLT tokens have multi-chain capabilities, and will be bridged onto other leading blockchains as well. COLT owners can also lock their tokens to the liquidity pool of the platform, and generate extra income.

The buying price of a Collateral Network (COLT) token currently stands at $0.014. As per experts’ projections, the price of Collateral Network will shoot up by 3500% before the culmination of the presale round. Moreover, Collateral Network is expected to become a blue-chip project soon as it will probably grow by 100x in 2023.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido