As uncertainty and constant price fluctuations continue to plague the crypto market, we turned to ChatGPT for some insight. The AI was optimistic regarding Bitcoin (BTC) and Ethereum (ETH), and it quickly reminded us that it could not predict future prices.
With that said, ChatGPT has some excellent things to say about Collateral Network (COLT), which further backs up expert analysis and opinion on the token. Namely, it's expected to rise 3500% even before its public presale ends.
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Collateral Network is set to revolutionize the lending industry and make loans much more accessible to individuals and businesses. It allows Collateral Network holders to leverage real-world assets, like watches, fine art, fine wines, vintage cars, etc., and take out loans against them. This is something that the crypto and the lending industry have never seen before.
The whole lending and borrowing process with Collateral Network will work like this: Borrowers send a real-world asset to Collateral Network for valuation and storage. Then, Collateral Network (COLT) mints the asset into an NFT and sells it in fractions.
Lenders can buy fractions of the 100% asset-backed NFTs (fractionalized lending) and receive fixed-interest weekly payments in return. Once the borrower settles the loan, the asset is returned, and the NFT is burned. Lenders can also use the platform to create passive income streams with it and get discounts on trading fees, governance rights, and more.
During its public presale, Collateral Network (COLT) has already managed to boost its price by 40%. Experts predict 3500% gains for Collateral Network holders before presale ends and an additional 100x gains when the coin hits the exchanges.
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When it comes to the future of Bitcoin, ChatGPT seems quite positive. Even though ChatGPT cannot make predictions, it told us that it expects to see Bitcoin (BTC) prices rise in the near future. So, investors' hopes that Bitcoin (BTC) will reach the $30,000 mark by the end of 2023 might come true, according to ChatGPT.
Currently, Bitcoin is trading at $27,642.29 per token, a 0.56% decrease in the last 24h. The Bitcoin trading volume is up by 19.73%, which shows positive investor movement. Lastly, the Bitcoin market cap is down by 1.65% in the past 24h.
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Like with Bitcoin, ChatGPT couldn't provide us with a concrete prediction for Ethereum. However, it did say that certain factors will have a massive effect on how the Ethereum (ETH) price will move, with one of them being Bitcoin itself.
Other factors that will affect the Ethereum price include government policies and regulations regarding crypto, macroeconomic conditions, and social media. So, with that in mind, ChatGPT told us that Ethereum has a positive future ahead because it has a large community of Ethereum investors and Ethereum supporters.
Ethereum is currently trading at $1,889.92, a 0.97% decrease in the past 24h. Also, the Ethereum market cap is down by 1.09%, while the Ethereum trading volume is up by 13.15%.
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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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.