Knowing which crypto to invest in can be a daunting task. Today, we look at three cryptos that have the potential to pump: Litecoin (LTC), Collateral Network (COLT) and Fantom (FTM). With Collateral Network (COLT) just entering the presale, gains could be explosive, specifically 35x gains within 6 months are forecasted to be on the horizon. Let’s look closer at why we have picked these three cryptos.
Fantom (FTM) is a smart contract network that enables developers to build distributed applications (dApps) quickly, securely and at a low cost. Fantom (FTM) achieves this through the use of directed acyclic graph (DAG) technology, which is where Fantom (FTM) differs from other decentralized projects.
Fantom (FTM) achieves consensus through a process called Lachesis Protocol, which allows transactions to be processed asynchronously without relying on miners. This makes Fantom (FTM) incredibly fast, with transactions being completed in under 2 seconds.
With clear advantages over blockchains, Fantom (FTM) is attracting developers and businesses who are looking to build dApps and decentralized services. Fantom (FTM) is even being used by the Uzbekistan government for its IT infrastructure.
During the last week of December 2022, Fantom (FTM) entered the top six EVM blockchains in terms of transactions, with a rate of 6.49 TX/sec. This shows that Fantom (FTM) is a popular choice amongst developers.
Litecoin (LTC) is a peer-to-peer cryptocurrency and one of the most well-known cryptos in the market. Litecoin (LTC) is a fork of Bitcoin (BTC) but features faster transaction times and lower fees.
Compared to Bitcoin (BTC), which can take hours for a transaction to be processed, Litecoin (LTC) processes transactions in around 2 and a half minutes. This makes Litecoin (LTC) ideal for everyday purchases, like buying a coffee.
For long-term investors looking for a secure and reliable investment, Litecoin (LTC) is the way to go. However, the most compelling reason to buy Litecoin (LTC) lies with its upcoming halving event coming up this August – an event that typically pumps the price of Litecoin (LTC) up significantly.
Collateral Network (COLT)
Collateral Network (COLT) is a platform that utilizes blockchain technology to facilitate secured lending by using tokenized assets as collateral. This allows users to access capital without affecting their credit scores or paying high-interest rates.
For example, Theo wants a new car but only owns a rare painting worth $30,000. Collateral Network (COLT) can mint the painting into an NFT and use it as collateral to loan Theo $30,000. This allows him to buy the car without affecting his credit score or having to pay high-interest rates.
The fractionalization capabilities of NFTs allow multiple lenders to join together to provide a loan on the same asset, making it more accessible and reducing risk. For example, even if Lauren only has $200 to her name, she can still join in on Theo’s $30,000 loan.
Smart contracts take control of the loan management process on Collateral Network (COLT) and automate it. This removes the need for middlemen and reduces operational costs. Plus, the NFT’s metadata contains all of the pertinent details regarding the loan so that everybody is completely informed.
Holding COLT tokens confers a variety of benefits to their owners. These can include reduced fees on the marketplace, the opportunity to earn rewards through a process called staking and the ability to have a say in how the Collateral Network (COLT) is run.
Collateral Network (COLT) has just been released in public presale with a token price of $0.01, and experts are already predicting a 35x increase for the token within 6 months, so great things are estimated for the project. The crowdlending market is worth an estimated $1.5 billion, so the potential for Collateral Network (COLT) is huge.
Find out more about the Collateral Network presale here:
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