The crypto world has witnessed the fall of yet another big banking institution. However, unlike the first one, the market is faring better, with coins like Chainlink (CHAIN), Solana (SOL), and Collateral Network (COLT) getting bullish gains. Why have investors taken a liking to these coins, especially Collateral Network (COLT), the new coin on the blockchain?
Collateral Network (COLT)
Collateral Network (COLT) is a relatively new platform on the blockchain, but it will focus on an industry almost as old as time: the crowdlending industry. Collateral Network (COLT) is set to become the world’s first asset-backed lending marketplace for real assets on the blockchain.
There are many bullish reasons to watch Collateral Network (COLT). One of them has to do with the never-before-seen utility it plans to offer users – fractional lending. Collateral Network (COLT) intends to do this by letting anyone with physical valuables like art, watches, vintage drinks, and many more, borrow against them.
If a person with a valuable submits a physical good as collateral, it is valued and then locked up in a safe vault where it will remain until it is to be redeemed. Once locked up, Collateral Network (COLT) will mint and fractionalize an NFT version of the item.
Once fractionalized, it can be lent by investors who need short-term loans for an agreed interest rate and period. This great innovation links both Web2 and Web3 in a way that has never been seen before.
Collateral Network (COLT) will have a governance token COLT, that will be used for a variety of things, including staking and loyalty rewards for holders. The presale for the Collateral Network (COLT) token has kicked off and has been making waves in the crypto world, raising over $460,000 so far.
It is currently worth $0.01; however, analysts predict that this value could increase by 3500% as more people get exposed to what the Collateral Network (COLT) ecosystem offers. Many experts recommend getting in on the presale now as the price is bound to reach $0.35 soon.
Chainlink (LINK)
Chainlink (LINK) connects smart contracts on various blockchains to real-world data. Various decentralized applications and blockchain platforms, including DeFi platforms, prediction markets, and gaming dApps, use LINK.
The chainlink (LINK) token registered a bull run in the second half of 2020 when it hit its all-time high of above $20 thanks to the bullish market cycle and strong demand for its token (LINK). That value went higher in 2021 but has fallen since the crypto market entered the bearish market cycle, but Chainlink (LINK) has maintained relative stability compared to some other tokens.
Chainlink (LINK) is, at the time of writing, trading above $7, more than 80% lower than its all-time high of $52. Still, LINK remains one of the most active tokens, with a market capitalization of over $3 billion and ranked 19 on crypto ranking charts.
Solana (SOL)
Solana (SOL) is currently ranked number 10 on crypto ranking charts, and it is easy to see why investors are paying more attention to it. SOL is one of the world’s fastest, cheapest, and simplest platforms, and that has not changed.
The Solana (SOL) token has endured an alarming volatility rate for quite some time. However, many investors have remained optimistic about it. Unsurprisingly, one factor that has kept Solana (SOL) thriving even amidst the volatility is its cult-like supporters.
In November and December 2022, Solana (SOL) recorded huge losses; however, in the first quarter of this year, Solana (SOL) recovered well, with the value increasing by over 100%, which is expected to keep up as the rest of the year unfolds.
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
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