As crypto coins continue to fluctuate in value, finding the right investment opportunities to grow your portfolio is getting more complex. However, Litecoin (LTC) has been showing bullish tendencies as its value increases, making it a good option to invest in.
But as Litecoin (LTC) continues to rise, so does Collateral Network (COLT), a Web3 challenger lender in stage 2 of its presale, forecasted to achieve 3500% gains for its holders.
Collateral Network (COLT)
Collateral Network (COLT) is preparing to transform the lending industry. It is the world’s first decentralized crowdlending protocol that enables anyone to use the blockchain to borrow cryptocurrencies and secure them with physical assets.
For example, let’s say you need capital for your business. If you have a watch worth $40,000, you can put it up as collateral on Collateral Network (COLT) and borrow against this asset.
Further, you take the watch and give it to Collateral Network (COLT) who will value and authenticate the item, then they will mint an NFT of the watch, which will serve as a representation of the physical version of the asset. Thereby, the NFT that they create is 100% asset-backed. Moreover, the NFT is then fractionalized into small parts. This way, anyone will be able to lend small amounts of funds and get fixed-interest payments in return. The Collateral Network (COLT) team calls this fractional lending.
Collateral Network (COLT) enables borrowers to get the funding they need without affecting their credit files. Also, it is an excellent option for all those who need money fast and must get approved for funding or financial institutions have rejected them.
On the other side of this process, we have the lenders, who reap the benefits of Collateral Network (COLT) as well. Lenders can use the Collateral Network (COLT) to create a fixed passive income stream. Additionally, lenders are well-protected, so even if a borrower does default on the repayment of the loan, Collateral Network (COLT) will take control of the asset and auction it off to recover the lender’s funds back to them.
Currently, the COLT token is available for $0.014, and experts forecast its growth potential to be 3500%, meaning Collateral Network (COLT) could see a price of $0.35 in the upcoming months.
Litecoin (LTC) has been going strong in the past few weeks. Litecoin (LTC) has gone from trading at $65 to its current price of around $98. Litecoin (LTC) is the 12th largest cryptocurrency, and its price has gone up in the past 24 hours alone, at the time of writing.
The recent bullish tendencies of Litecoin (LTC) can be credited to the upcoming halving event, which takes place every four years. As a result, some experts say Litecoin (LTC) can grow its price above $100 in the upcoming months.
Because of its deflationary model, where Litecoin (LTC) tokens in circulation decrease over time, Litecoin (LTC) investors can benefit greatly from holding Litecoin (LTC) tokens in the long term.
Discover more about the Collateral Network presale here:
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