With over 20,000 active cryptocurrencies in circulation, choosing your next investment can be a little difficult. That being said, certain investments have significantly higher potential than others. Three popular options in 2023 are EOS (EOS), Polkadot (DOT), and Collateral Network (COLT). The last one, Collateral Network, is a new disruptive DeFi project set to increase by 3500% before its presale ends.
Collateral Network (COLT) Looks To Revolutionize A Multi-Billion Dollar Market
Collateral Network (COLT) is a new DeFi project that’s selling out fast during the first phase of its presale. Having already sold out during its Beta stage, Collateral Network is expected to offer monumental returns of 3500% to early investors. Having already increased by 40%, the project is on track to hit this target.
Collateral Network is the first project of its kind, combining physical assets, NFTs, and crowdlending to offer a unique alternative to traditional lending processes. The current peer-to-peer (P2P) lending market size was valued at $83.79 billion in 2021 and is expected to hit over $705.81 billion by 2030, making it one of the fastest-growing industries worldwide.
That being said, many of its systems are outdated and unnecessarily complex. Collateral Network overcomes this using smart contracts and NFTs. Firstly, a borrower sends a valuable physical asset, such as fine wines, art, vintage cars, jewelry, and watches, to Collateral Network, which is then valued using AI and minted as an NFT. After fractionalization, this NFT is sold to investors who lend money to fund the loan, letting the borrower quickly unlock cash without unnecessary red tape.
For the duration of the loan, lenders will earn a fixed interest rate, which is paid out until the loan is fully repaid. This process is significantly more streamlined than traditional crowdlending and allows Collateral Network to disrupt a $4.5 trillion industry.
Given its potential, market analysts have predicted that Collateral Network tokens, currently in its presale stage, will reach $0.35 before the Collateral Network presale ends, with an additional 100x surge once COLT tokens are listed on popular exchanges. For those buying the token now, Collateral Network will give them a 40% deposit bonus.
Polkadot (DOT) Ecosystem Booms Despite Price Decline
The Polkadot community has been extremely busy following its new partnership with Stelar Network. Several Polkadot-based projects, including Efinity and ChatDKG, have made several developments, with Efinity taking Polkadot NFTs to the next level.
Despite these developments, Polkadot dropped in price by 11.5% in the past month, with one Polkadot (DOT) selling for $5.4468 at the time of writing. In the last seven days, Polkadot (DOT) has dropped by 2.43%, though it recouped some value on May 10 following a slight price increase. Given its ever-growing influence, investors remain bullish about Polkadot, believing its currently undervalued considering its utility.
EOS (EOS) Drops Below $1
EOS (EOS), an open-source blockchain platform, has dipped significantly in the past month, losing 22.56% of its value. The EOS project, built around performance, flexibility, and security, has been criticized for its lack of decentralization, governance issues, and high level of competition, causing EOS to fail to stand out from its competitors.
Having lost 7.04% of its value in the last week alone, EOS holders are starting to sell their tokens to capitalize on other projects and limit losses. That being said, it’s not all bad news for EOS. The project has recently invested in improving its user experience, which is expected to bring many users back to EOS. Should it succeed in this goal, the current price of EOS will be a bargain following future price increases.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
