The demand for fresh, promising projects has been growing rapidly, with investors eager to jump on the next wave of blockchain-based solutions. One such project is Collateral Network (COLT), which has already increased by 40% its price, rewarding its early investors. In this article, we take a look at how Collateral Network (COLT) has managed to sway investors away from the popular Tezos (XTZ) and Chiliz (CHZ) coins.
Collateral Network is a trailblazing Web3 platform that aims to reinvent the way lending works. Collateral Network's approach is unique – it's not about borrowing money against your credit score or your home; instead, it allows you to unlock liquidity against physical assets, which are turned into digital representations, known as NFTs.
At the moment, Collateral Network accepts a variety of physical assets as collateral for unlocking liquidity, including watches, jewelry, vintage cards, properties, artworks, and fine wines.
These NFTs are fractionalized, which enables multiple lenders to contribute to a single loan, each earning a proportionate return on their investment. For example, a $10,000 watch can be split into 10 fractions worth $1,000 each. Lender-A can buy two of these fractions and earn a return on those two fractions, while Lender-B can buy the other eight.
Collateral Network's game-changing approach is further amplified by its use of DeFi protocols and smart contracts, making the process fast, secure, and highly transparent. No longer will borrowers have to wait days or weeks to be approved – with Collateral Network, they can get liquidity within minutes.
The buzz around Collateral Network is substantial, with experts suggesting it could disrupt the massive $7 trillion lending industry. The potential for a 35X price surge when the token hits the public market offers early investors the opportunity to potentially realize significant returns as Collateral Network steps into the limelight of the lending market. Furthermore, once it hits major exchanges, experts predict that it will surge by a further 100x.
So, the best moment to buy COLT tokens is now, when it is currently available at $0.014, with a 40% deposit bonus.
Tezos, the blockchain platform designed for executing smart contracts and developing decentralized applications, has seen a significant decline in its value. Since hitting a market cap of $7.2 billion in January 2021 after an ICO, the price of Tezos (XTZ) has dropped over 90% to its current price of $0.89.
Tezos's substantial drop can be largely attributed to the overarching bearish sentiment in the cryptocurrency market, which has negatively affected even the most robust projects.
However, Tezos has also faced its unique set of challenges, including a lack of an active development community and difficulties in attracting new users and developers to Tezos.
Despite these challenges, some analysts still envision the possibility of a recovery for Tezos in the event of a broad cryptocurrency bull run. However, it is seen as improbable that Tezos (XTZ) will soon regain its all-time high of $9.17. Instead, the most likely scenario for Tezos (XTZ) is a continuation down to the $0.70 support zone.
Chiliz (CHZ) has also had a difficult time recovering from the market-wide selloff. Chiliz (CHZ) initially saw success when it emerged in the middle of 2020 and reached an all-time high of $0.76 during the 2021 bull run.
However, since that time, Chiliz (CHZ) has seen its price slip down to current levels of around $0.10 — a massive drop of 87% from its all-time high. Chiliz has been unable to break the $0.14 resistance level, suggesting it will remain at current levels for the foreseeable future.
Investors have been hesitant to put much stock in Chiliz, owing mainly to its lack of fundamentals and utility as a token. While Chiliz has seen the adoption of its socios.com platform, there isn't enough utility in the Chiliz token for it to see significant long-term gains.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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