As the present market conditions remain undefined and the next direction of the market uncertain, top cryptocurrencies like Aave (AAVE) and Chainlink (LINK) have seen their prices move up and down the slope. Unimpressed investors are moving to Collateral Network (COLT), the hottest newcomer for 35x gains.
What is Aave crypto?
Aave (AAVE) is a top DeFi platform that enables users to lend or borrow digital assets. Aave relies on Automated Market Makers (AMMs) to create a liquidity pool that facilitates the lending and borrowing process.
Recently, Aave (AAVE) deployed on Metis Andromeda, a multi-faceted Layer-2 solution, enlarging its ecosystem. Also, the Aave DAO has been selected by the Arbitrum Foundation to receive some of its DAO allocations. Sadly, Aave has been on a downward trend despite these welcome developments.
As of press time, Aave (AAVE) is trading at $71.18, which is a fall of 12% in the past 14 days. Also, the moving averages for Aave (AAVE) display sell signals, which paints a grim outlook for the token’s future.
What is Chainlink?
Chainlink (LINK) is a Decentralized Oracle Network (DON) that provides on-chain smart contracts with off-chain data. This makes Chainlink very useful in DeFi. Recently, the Celo blockchain, a carbon-negative, mobile-first, EVM-compatible blockchain ecosystem, adopted Chainlink in an on-chain governance vote to utilize its scale service.
Chainlink provides reliable, tamper-proof data to smart contracts by collecting and validating data from independent sources. Also, Chainlink is blockchain agnostic, making it possible to work with various blockchain networks.
But despite its relevance in the space, Chainlink (LINK) has been underperforming in price. Chainlink (LINK) is currently trading at $7.05, which is a 5.6% drop in the past 14 days.
Collateral Network (COLT) bringing physical assets to the blockchain
Collateral Network (COLT) is the first web3 peer-to-peer lending platform for asset-backed NFTs, which enables users to unlock liquidity from their physical assets. Collateral Network mints NFTs which are backed by the physical assets of borrowers. Also, it fractionalizes these NFTs, offering multiple users the opportunity to provide liquidity and become lenders.
This approach to asset-backed peer-to-peer lending is unique in the crypto space as it connects the digital world to real-world assets. As a result, Collateral Network offers an efficient way to unlock cash from real-world assets on-chain. Industry experts have recognized Collateral Network and its potential to revamp the credit markets. Collateral Network could surge 3500% before the presale is over based on their forecast.
At the time of writing, the price for the COLT token is $0.014 and is expected to rise to $0.35. Join the presale now to enjoy massive gains when this project becomes a major player in the crypto community.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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