Polygon (MATIC)’s recent performance left many holders disappointed as the price failed to live up to their expectations. This has led to a huge shift among investors, who are now looking for alternative digital currencies in search of more promising opportunities.
Two notable options that have garnered interest are Pepe (PEPE) and Collateral Network (COLT), both of which offer potential gains in the ever-evolving cryptocurrency landscape.
Polygon disappoints its holders, and promotes the search for promising alternatives
Polygon holders are frustrated that the token price is still stagnant around $0.892. Polygon recorded a trading volume of $219.23 million in the last 24 hours, with a market capitalization of $8.27 billion, contributing to a market dominance of 0.63%.
Despite the slight 0.25% increase in the price of Polygon (MATIC) over the past 24 hours, its holders are eager for more significant gains and are exploring alternative options.
Polygon price analysis on June 1 indicates a consolidation phase, where the momentum of both bulls and bears remains uncertain.
While the resistance above $0.9 poses a challenge to the bulls, Polygon price dropped below the 23.6% Fibonacci level, which created a bearish zone near the $0.89 mark. This lack of a clear direction in price action has also caused polygon owners to become frustrated and look for alternatives.
Despite the disappointment, there have been notable developments for Polygon that could affect its future. Looking ahead, our forecast for 2023 indicates that the polygon could reach $1.66.
Pepe is emerging as a promising alternative amid disappointing price trends
The PEPE market was mainly driven by a green candlestick pattern, which indicates bullish momentum for the token.
In the recent rally, Pepe (PEPE) price peaked at $0.000001323, showing a significant increase. While there has been a slight decline in value since then, PEPE buyers have maintained their control, showing their resilience in the face of slight downward pressure.
Moreover, the PEPE support area at $0.000001197 has consolidated, providing buyers with additional confidence to hold onto their gains in the short term. This support level acts as the basis for a potential upward move, which reinforces the positive sentiment surrounding Pepe.
Since the beginning of the day, PEPE has already seen an increase of 4.46%, highlighting the continuation of the bullish trend and the growing confidence in the token’s potential.
As investors look for alternatives amid disappointing price trends, Pepe has emerged as a promising option, catching the attention and optimism of stockholders looking for better opportunities. However, another competitor in the market seems to be beyond PEPE’s capabilities!
Investors turn to the collateral network for the most lucrative gains
The concept behind Collateral Network is simple yet revolutionary. Imagine owning a valuable asset like a $1,000,000 villa. Through collateral network, you can use this asset as collateral to unlock liquidity. The process involves sending fixed assets to the escrow network, which then issues a non-fungible token (NFT) for the asset.
The NFT is then broken down into smaller chunks, allowing investors to borrow smaller amounts of money based on that. Investors who participate in the Collateral Network Lending System can receive weekly interest payments on their investments.
Meanwhile, the borrower pays off the principal loan amount and the accrued interest. This unique system provides a win-win situation for both investors and borrowers, allowing them to leverage their assets, access liquidity, and generate income for investors.
The Collateral Network (COLT) is currently on pre-sale, with the token trading at a discounted price of $0.014. Experts anticipate significant growth potential for the collateral network during the pre-sale phase, estimating a potential upside of 3,500%. Once COLT is listed on the major exchanges, forecasts show an additional 100x increase!
Learn more about pre-ordering the Collateral Network here:
notice: AndThis item has the function Exclusively The information, does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.
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