It is always a good idea to begin planning early for which cryptocurrency tokens to follow in the coming year. While it’s also important to keep an eye on the industry’s biggest names, there are several promising new initiatives that might make a mark in 2023 as well.
A few good examples to watch out for include Helium (HNT), Fantom (FTM) and Collateral Network (COLT). Collateral Network (COLT), for instance, has been predicted by industry experts to surge 35x in the next few months while Helium (HNT) and Fantom (FTM) are still in a consolidation phase.
Let’s examine how the three coins are expected to perform in the coming year.
Helium (HNT)
Helium (HNT) is a project that aims to build a decentralized network for low-power Internet of Things gadgets. By employing a unique consensus mechanism called Proof of Coverage (PoC), Helium (HNT) is able to incentivize node owners to contribute to network stability.
T-Mobile partnered with Helium (HNT) to create the Helium Mobile and the Helium 5G, thus the company’s technology has already been utilized in a variety of practical applications. Thanks to this collaboration, customers can mine for cryptocurrencies while they use the service.
The Helium (HNT) network is expected to expand in the future years as the number of connected devices increases. However, the price of Helium (HNT) has been hit hard by sellers so far. It is following a strong negative trend in intraday trade.
It is also worth noting that the price of Helium (HNT) has been stuck in a tight trading range since August 2022. Those looking to buy HNT coins will need to drive the price up in order to see the token break above the daily moving average.
For the HNT coin price to stay in the upper range of the consolidation, the bulls’ support is crucial. Short-seller pressure might increase as the token nears the consolidation period’s high. As it stands, the volume shift for Helium (HNT) is too modest for it to rise above the consolidation phase.
Fantom (FTM)
The goal of the Fantom (FTM) project is to provide a long-term and scalable platform for smart contracts. To implement smart contracts, Fantom (FTM) leverages directed acyclic graph (DAG) technology rather than blockchain, setting Fantom (FTM) apart from competing platforms.
There are in fact many countries planning to deploy Fantom (FTM) for intellectual property transfers among other uses.
Using a daily time frame, it is quite clear that the price of the Fantom (FTM) coin has been trading within a decreasing parallel channel.
Since the beginning of 2022, the Fantom (FTM) token has been stuck in a falling parallel channel. Fantom (FTM) needs additional customers, or a market breakthrough, to buck the trend.
Collateral Network (COLT)
The goal of Collateral Network (COLT), a blockchain platform based on Ethereum (ETH), is to unify the digital and real worlds.
Collateral Network (COLT), a blockchain-based peer-to-peer lending platform that has been called “the premier global challenger lender,” enables users from any country to quickly and easily secure loans backed by their real assets.
Individuals on the Collateral Network (COLT) platform may lend money to one another at a predetermined interest rate, thus functioning as their own banks.
Besides the crowdlending platform, the Collateral Network (COLT) ecosystem includes marketplace and auction features. COLT is the native token for Collateral Network (COLT), and while there will be 1.4 billion of them in circulation, only 50% will be made accessible during the presale and the current price of the token is $0.01.
Thanks to its useful features in the business world, the price of Collateral Network (COLT) is anticipated to surge 35x in the next 6 months.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
