As the movement of a Polygon (MATIC) whale causes the token to move upward, investors are left wondering about the future of its price and its volatility. As a result, many have turned their sights to a new DeFi project on the market, which shows massive promise for long-term gains, expected to surge 35x in the few months, with a 100X increase once it lists on exchanges like Uniswap.
Polygon (MATIC) Price Prediction
Recently, a Polygon (MATIC) whale transferred 60 million Polygon (MATIC), which caused the Polygon (MATIC) network's supply to surge to 7.92%, marking a five-week high. As a result, the Polygon (MATIC) token is trading at $1.03 at the time of writing, with a 7.02% increase in the last 24 hours.
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This recent upward movement in the Polygon (MATIC) network has sparked debates over the future trends of the Polygon (MATIC) price. Namely, as the Polygon (MATIC) token broke above the critical bearish line with resistance near $0.98, analysts believe that the Polygon (MATIC) price could continue to rise once it hits the $1.01 resistance zone.
Still, Polygon (MATIC) holders are worried about the high volatility of the token, seeing how one move from a whale can easily change the coin's trajectory.
Which Project Are Polygon Holders Looking To for Higher Gains?
To improve the stability and gains of their portfolios, Polygon holders have been eying a new revolutionary DeFi project, Collateral Network, as their next purchase. Collateral Network is an innovative protocol that allows borrowers to borrow against real-world assets on the blockchain, including luxury watches, collectibles, vintage cars, and other valuables.
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The borrower sends their asset to Collateral Network , where the team uses AI to accurately value the asset and generate algorithmic lending rates to ensure a fair price. Then, Collateral Network mints an NFT against the asset and fractionalizes it into smaller pieces to enable multiple lenders to fund the loan and get weekly interest payments in return.
While other lending protocols do exist on the blockchain they only lend against digital assets. Collateral network is the only platform bringing off-chain physical assets to the blockchain. This new approach to asset-backed borrowing and lending has the potential to disrupt a market worth $trillions .
Collateral Network is one of the most promising new projects in the DeFi market. Currently in its presale stage, and the COLT token is trading at $0.014, which is a 40% price increase this week alone.
Additionally, the project has been attracting investors who believe it could grow by 3500%. Those buying now could stand to see a huge upside on their purchase.
Explore the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
