Are NFTs on the Cardano (ADA) Platform as bullish as Collateral Network’s (COLT) Asset-Backed NFTs?
Cardano (ADA) is moving away from the sale disasters happening across many blockchains as it experiences incredible sales increases of its NFTs. It is beating major tokens like Ethereum, Solana, and Polygon, which are all seeing significant sales decreases.
While this is happening, Collateral Network (COLT), a new player on the market, is being billed as the top new altcoin and predicted to grow over 1000% in the next few months.
Cardano (ADA) Sees Unrivaled NFT Sales Increases as Others Struggle in the Same Boat
After huge spikes in NFT sales, Cardano (ADA) is now the fifth-largest sales platform in the market. Cardano (ADA) soars past the likes of Ethereum, Polygon, and Solana, with a reported sales volume of NFTs of more than $200,000. This represents a 22.05% increase in Cardano (ADA) sales, while all the others are experiencing huge declines of more than 20%.
And with the spikes in Cardano (ADA) NFT sales, other Cardano (ADA) metrics are also on the come up. The most popular NFTs that contributed greatly to Cardano’s (ADA) sales include Clay Nation by Clay Mates, The Ape Society, and Zesty Zebras.
The surprising increases in Cardano (ADA) sales spark confidence in the coin and a boost in interest for both Cardano (ADA) and other investors.
Collateral Network (COLT) To Provide 3500% Gains
While many prominent altcoins struggle to gain solid ground and stability, Collateral Network has already seen a market leading price increase of 40% in the past few days.
Collateral Network is the world’s first peer-to-peer lending platform on the blockchain to offer fractionalized lending to its users of real-world physical assets. It is set to revolutionize both the crypto and lending industries with its real-world utility, sparking growing interest from many analysts and crypto experts who believe the project has 100X potential by the time it lists on major exchanges.
With Collateral Network borrowers can leverage their real-world assets, like luxury watches, super cars, real estate, and Gold to obtain crypto loans. This is the only lending protocol on the blockchain that is able to bring off-chain assets to the blockchain so users can unlock liquidity from them.
The process begins when a borrower sends the asset in to be assessed. Once everything checks out an NFT is minted representing the physical item in the digital world and is fractionalized into pieces enabling multiple users on the platform to each fund the loans but with a smaller capital outlay (fractional lending) . Each person who finances the loan receives weekly fixed interest payments. Once the loan is repaid, Collateral Network burns the NFT and returns the asset to the borrower.
According to crypto experts and analysts, thanks to its real-world application and the fact that the asset-backed lending industry is worth $trillions per year, the potential for the price of COLT is huge. Many anticipate between 1500% to 3500% but this could be eclipsed once it lists on major DEX’s and CEX’s.
Learn more about the Collateral Network presale here:
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