Collateral Network (COLT) is a rare project that is bound to rise by 35x in the coming months. So, if you want to make big profits, Collateral Network (COLT) could be your best shot. Lets see how Collateral Network (COLT) compares with established projects like EOS (EOS) and Ripple (XRP).
EOS (EOS) Aims To Challenge Ethereum With Its EVM
To fight the prevailing bearish market sentiments, EOS (EOS) has many updates in its pipeline. This has created a bullish environment around EOS (EOS), causing an increase of 5% in its price. EOS (EOS) is currently trading at $1.21. Among all EOS’ (EOS) events slated for 2023, the launch of its EVM is the most-awaited one. With its EVM, EOS (EOS) promises to offer faster transactions and cheaper gas prices. This will make the EOS (EOS) network a major challenger to the Ethereum blockchain. To increase the adoption of its EVM, EOS (EOS) has already committed $20 million to encourage developers to build dApps, and other WEb3 products on its network. But experts believe that EOS’ (EOS) EVM might not be a big success, given that Ethereum’s Shanghai Upgrade is just around the corner.
Ripple’s (XRP) Future Depends On The SEC Lawsuit
Popular crypto analyst, Scott Melker, has indirectly helped Ripple (XRP) move up on the price chart, with his latest tweet. Melker triggered people’s speculation after asking people what will be the future of Ripple (XRP) if it wins the case against SEC. While many responded to his tweet saying that it would provide clarity on crypto regulations in the US, others claimed that Ripple (XRP) can inch closer to, or surpass, its current all-time high of $3.84. Meanwhile, top Ripple (XRP) executives have expressed their confidence that the blockchain network will emerge victorious against the SEC. But investors are still taking precautions before making a move for Ripple (XRP). Some believe that if Ripple (XRP) loses the case to the SEC, it can severely hurt the network’s existence. Ranked 6th by market capitalization, Ripple (XRP) is currently trading at $0.52.
Collateral Network (COLT) Goes Past The $400k Mark
The global credit industry is set to undergo a pivotal change, courtesy of the launch of Collateral Network (COLT), a Web3-based crowdlending platform. Collateral Network (COLT) enables people to access loans against off-chain tangible assets. The platform accepts real-world assets as collateral and converts them into asset-backed NFTs that are then fractionalized.
Anyone can borrow, on the platform, without selling their tangible assets or impacting their credit score. Lenders, on the other hand, can contribute to loans on the platform through ownership of these fractionalized NFTs for a fixed weekly income, and many additional benefits. Collateral Network (COLT) determines the market value of assets through artificial intelligence. In some instances, it could take only 24 hours to obtain a loan on Collateral Network (COLT).
To recover the funds from default loans, Collateral Network (COLT) will hold private auctions of distressed assets. COLT token holders will be allowed to participate in these private auctions to purchase real-world assets below market value. The Collateral Network (COLT) team has plans to host some auctions in the metaverse too.
Collateral Network’s (COLT) presale kicked off at a price of $0.01 and is now $0.014, and the token’s value is predicted to soar by 3500% during the presale. Buyers holding presale COLT tokens will get exclusive access to the VIP Members Club.
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
