It is no strange news that 2021 is a bullish year for the crypto industry. On the other hand, 2022 is widely regarded as the crypto winter. As a result, the main question on the mind of many is: Will the crypto market recover in 2023?
VeChain (VET) is a coin that has seen many fluctuations in its price so far and a new crypto coming onto the market, Collateral Network (COLT), is set to drive up competition and investors are keen to see if the coin reach its forecasted 3500% gains.
The Cryptocurrency Industry is Expected to Recover After a Tumultuous 2022
2022 initiated the start of what many refer to as a “crypto winter”. Indeed, many renowned companies collapsed across the board. As a result, the trepidation among investors made the demand for cryptocurrencies fall, causing the prices of cryptocurrencies to fall dramatically.
Various high-profile events took many crypto investors off-guard. This made it more challenging to predict the price of major cryptocurrencies. The crypto world became dominated by many pundits making enthusiastic calls about the eventual position of the crypto market.
This all began in May as terraUSD, which is an algorithmic stablecoin that is meant to be compared with the U.S. dollar. Luna is a sister token to terraUSD and its failure hit organizations that were exposed to these aforementioned digital currencies.
In November 2022, one of the largest cryptocurrencies across the globe, FTX, collapsed. It was all down to the indiscretion of Sam Bankman-Fried, an executive who was never shy of the spotlight. The fall of FTX triggered a ripple effect across the entire cryptocurrency industry.
Now, experts believe that there are now reasons to hope. After all, there are certain tokens that are showing promising signs. Even though volatility can never be neglected, certain properties of these tokens offer reasons for investors to dream again.
As crypto investors and enthusiasts hope for the recovery of the crypto industry, experts have named VeChain (VET) and Collateral Network (COLT) as must-haves.
VeChain (VET) is a digital currency that is based on a blockchain that is referred to as the VeChainThor blockchain. This combines both centralized and decentralized finance. VeChain (VET) is adopted by corporations to perform various functions like tracking goods.
In a market that is currently experiencing a dramatic fall in value, investors can rely on digital currencies that are readily available for investing, staking, buying, and selling. This is exactly what VeChain (VET) provides. Companies can also promote instant and quick settlements and payments for the different corporations adopting it in these various functions through VeChain (VET).
Based on the value generated by and in blockchain and VeChain (VET) crypto, VeChain (VET) can be considered a good investment for crypto traders.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralized payment gateway that combines both decentralized finance and traditional finance to ensure that users can unlock their crypto assets. They can also be able to stake, store, loan and pay anywhere and anytime.
With Collateral Network (COLT), investors can improve their spending capacity instantly. As an investor, this is exactly what you need to thrive in a market that has fallen dramatically.
Built on an Ethereum (ETH) blockchain network with a total supply of 1,400,000,000 tokens, only 50% available during its presale and at a current price of $0.01 per token, crypto analysts are strongly predicting a 35x surge for Collateral Network (COLT) tokens within the next 6 months.
The Collateral Network (COLT) token is known to have bridged the gap between the physical and the digital world. In addition to governance, holders of Collateral Network (COLT) tokens stake their collateral tokens and receive passive income.
Even though the year 2022 is at an end and 2023 is here, crypto investors across the far reaches of the globe are experiencing their worst nightmares as the crypto market declines, coupled with FTX collapse. However, the properties of VeChain (VET) and Collateral Network (COLT) make them must-haves for investors, especially in the dark days of the crypto world.
Find out more about the Collateral Network presale here:
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