A crypto project needs strong fundamentals, a solid foundation and the possibility for long-term development. Our researchers have found a project that fits these criteria in Collateral Network (COLT), the world’s first Web3 challenger-lender currently in stage 1 of its presale. Some analysts have even hinted at the possibility of this project achieving 3500% gains for early investors. But how will this rookie compare to established cryptos such as Cardano (ADA) and Cosmos (ATOM)?
Collateral Network (COLT) decentralized peer-to-peer lending platform
Collateral Network (COLT) is the first-ever decentralized peer-to-peer lending platform that will enable anyone to borrow cryptos against real-life off-chain assets such as exquisite wines, watches and diamonds using blockchain technology. These assets cannot be used as collateral in the current banking system, but Collateral Network (COLT) will bring the necessary change.
Borrowers are no longer required to cope with the headache and credit checks associated with conventional lending methods. Simply send a valuable item as collateral to Collateral Network, which will then mint an NFT backed by the physical asset. Through fractionalization, Collateral Network (COLT) will allow lenders to become mini banks and buy into the NFTs partially, crowdlending the funds to the borrower for the loans and getting a set interest rate in return.
Collateral Network (COLT) will be the perfect way to release cash and make use of assets that are in your residence without having any adverse effects on your credit score. The Ethereum-based platform will also have multi-chain capabilities, planning to bridge to other blockchains to reduce gas fees and improve transaction speeds.
At the core of the vast Collateral Network (COLT) ecosystem is its native token, COLT, which is valued at just $0.014.
With all of this in mind, the success of Collateral Network (COLT) comes as no surprise, with many experts predicting a 35x increase in the price with the token price reaching $0.35 within the next five months. Now is the perfect time to invest in an upcoming market disruptor in a $trillion market with tremendous growth potential.
Cardano (ADA) at the forefront of development
About 600 people have signed up for the Cardano Blockchain Education program, which has started its Alpha edition. Cardano hopes that with this program, blockchain technology will be adopted at a faster rate on a worldwide basis.
Cardano has a value of $0.4439, a drop in the last 24 hours. Not only that, the trading volume for Cardano has also decreased and now sits at $413,950,040.
The relative strength index (RSI) for Cardano sits at 60, which places it in the buy zone. Sentiment around Cardano is bullish currently, with experts predicting a rise to $0.51 within Q4 of 2023. However, a $1 valuation for Cardano may not come anytime soon as holders look at other projects with more room for growth.
Is Cosmos (ATOM) a good investment?
It was recently revealed that Cosmos (ATOM) would host Cosmoverse 2023 in Istanbul from October 2nd to 4th. After this event, for the first time, a Cosmos hackathon will also happen, and applications for it are currently ongoing.
At the time of writing, Cosmos is trading at $12.63, a rise of in the past day alone. Moreover, the 24-hour Cosmos trading volume now stands at $163,936,998.
Bulls are currently in control of Cosmos, with nearly all of its technical indicators showing buy signals. Although Cosmos is predicted to reach $14.26 by December 2023, many Cosmos holders are looking elsewhere for profits as it still lacks real-world utility.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
