The recent memecoin craze has reawakened investors' minds to the idea of outsized crypto returns that initially drew many to the space. Analysts state that the momentum swings in favor of utility-driven protocols, citing the increasingly bleak macroconditions. With Collateral Network (COLT) ICO predicted to have a 35x increase, its presale is a good opportunity to capitalize on early investments.
Collateral Network is a disruptor, and this challenger lender seeks to change the lending models of TradFi and DeFi in the same stroke. Collateral Network unlocks on-chain liquidity for real-world assets by leveraging 100% physical-asset-backed NFTs.
How Does Collateral Network Work?
Thomas has a piece of fine art, and he knows an auction will soon be held where he wants to buy another valuable painting. Thomas collateralizes his work of art, and Collateral Network mints him a unique NFT 100% backed by his art piece. Thanks to the protocol's fractionalization process, Thomas can access institutional-level liquidity on the marketplace supplied by lenders worldwide. Thomas keeps ownership of his original art and unlocks its capital, helping him acquire another piece. Thomas successfully used Collateral Network to leverage his assets, and when the loan has been fully repaid, the protocol burns the NFT. Lenders also receive a weekly passive income as the loan generates interest.
Collateral Network (COLT) is the first protocol to integrate real-world assets into DeFi. The assets that can currently be used as collateral include properties, cars, artwork, jewelry, and watches, among others. Since analysts expect the real-world narrative to drive DeFi's next expansionary phase, they have already earmarked the platform token $COLT to rally by 3500% by the end of the presale and by a further 100x once it is listed in major exchanges.
The $COLT token entitles holders to discounts on fees (for lenders and borrowers), platform governance, and auctions of distressed items, and can be staked for a source of passive income. Investors can join this exciting project on the ground floor, still in its presale phase, with each token being sold at $0.014. So, the best time to buy COLT tokens is now, before their price increases.
Dogecoin holders have experienced a rough week, with Dogecoin's value dropping more than 9% in the past seven days. This slump in Dogecoin's price aligns with the more significant downtrend experienced by memecoins, adding validity to analysts' claims that those who want to want secure 35x will be better served to invest in utility-driven projects like Collateral Network.
Dogecoin faces two central issues: increased competition and general sentiment change. Because it relies on hype and market psychology, Dogecoin performs excellently in a risk-on environment and is a great token to hold when the markets are full of cheap liquidity. However, this is a double-edged sword, and the factors that allow Dogecoin to perform well in bullish market conditions make it perform horribly in bearish conditions.
Dogecoin price predictions remain bleak, with analysts expecting Dogecoin (DOGE) to trade somewhere between $0.092 and $0.11 by the year-end. A long way away from the Dogecoin (DOGE) supporters' vision of $1.
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/login
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.