The cryptocurrency market has begun making a correction when it comes to the value that many cryptocurrencies have. What this means is that many might fall or decrease in value and return back to normal based on their overall value and performance.
One project that has specifically sparked interest among the investor circles due to its price growth potential is Collateral Network (COLT), where its price can 35x in regards to its value.
To see how far Collateral Network (COLT) can grow and what kind of value it brings to the Web3 space, we will go over the project and put it against XRP (XRP) and Aptos (APT).
Collateral Network (COLT)
Collateral Network (COLT) is being developed to become the first Web3, Peer-to-Peer (P2P) lending platform that can transform the overall lending industry moving forward.
With Collateral Network (COLT), anyone can utilize their real-world assets of value to get capital. What this means is that if a person, for example, owns a luxury watch, or a vintage car worth $50,000, they can utilize it as collateral and borrow against the asset.
They send the asset to Collateral Network (COLT), after which they create a non-fungible token (NFT) that is a representation of the physical asset. This means that it is 100% asset-backed. This asset can then be fractionalized into smaller pieces, which means that just about anyone globally can lend smaller amounts of funds for an agreed-upon interest. This is known as fractional lending on top of the Collateral Network (COLT).
There are also auctions that are a part of the Collateral Network (COLT), where users will gain access to the possibility of getting distressed assets, which can provide investors with an opportunity to buy assets under the market value when a borrower defaults on a loan.
The native token is COLT, and it enables holders to get a number of benefits, such as exclusive access to auctions, reduced borrowing costs, or the ability to get a cut of the trading fees as a crowd lender. It can also be utilized for governance.
As for the value of Collateral Network (COLT), at its presale, its offered at $0.01. Experts predict that the price can reach $0.35 in value throughout the following months. The project’s smart contract has also been audited, and the liquidity will be locked for 33 years, while the team tokens have a two-year lock.
XRP (XRP)
XRP (XRP) has seen higher activity, as on April 2, 2023, the BTC Markets Twitter page announced that the coin had reached a 5-month high due to speculation of commodity classification.
The Chief Financial Officer (CFO) behind Ripple described XRP as a commodity, and developers proposed a cross-chain bridge to strengthen this use-case.
As of April 6, 2023, XRP (XRP) traded at $0.499532. In the last 24 hours, XRP (XRP) decreased in its value by 2.9%. However, in the last 30 days, its value has been up by 34.6%.
The trading volume behind the coin has also decreased by 12.03%, indicating that investors and traders are not moving as much XRP (XRP). If the coin manages to break past the $0.5 price barrier, it could reach new heights in April or May of 2023. However, investors are also eyeing Aptos (APT) and Collateral Network (COLT) as alternatives.
Aptos (APT)
Aptos (APT) made an announcement that they are a member of the Blockchain Association on April 4, 2023, where they retweeted the post originally made on April 3.
The Blockchain Association is a collective voice of the crypt community and advocates at the policy level to put power in the hands of creators and consumers through the usage of blockchain technology.
The Aptos (APT) cryptocurrency was trading at $11.68 on April 6, 2023. In the last 24 hours, it only dipped by 1.1%, and it is still up 3.4% in the last 30 days. The Aptos (APT) token also saw an increase in its trading volume by 30.76%. This has left investors a bit worried; if it drops under $11, it could have a bearish outlook and reach the red zone. This is why investors typically diversify with altcoins such as Collateral Network (COLT).
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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