Cryptocurrencies started the year on a roll after a bear market took a toll on traders' sentiments last year. However, just as things were starting to look up, the upwards momentum is showing signs of fading off, with the likes of Bitcoin (BTC) and Ethereum (ETC) coming under pressure.
Nevertheless, EOS (EOS), Filecoin (FIL) and Collateral Network (COLT) will always be solid plays for riding out the wave in case of another bear run. In particular, Collateral Network (COLT) a new lending platform emerging onto the market with a token price currently of just $0.01 in its presale. Analysts have predicted a 3,500% (35x) price increase during the presale.
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Filecoin (FIL) has created excitement and heightened anticipation with the launch of the Filecoin Virtual Machine (FVM). This now allows developers to deploy smart contracts on the network similar to the Ethereum Network and their EVM. This upgrade means that Filecoin (FIL) is now a fully developed layer-1 blockchain.
Like Collateral Network (COLT), Filecoin (FIL) stands out in its bid to reduce reliance on mainstream file storage or cloud computing platforms. Filecoin (FIL) is a blockchain platform operating as a digital storage provider. The primary goal of Filecoin (FIL) is to incentivize a network of computers to offer storage for anyone looking to store their files in a decentralized network.
Filecoin (FIL) is one of the tokens projected to explode in 2023 as more people move to store files in decentralized storage facilities, given the enhanced security from Filecoin (FIL).
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EOS (EOS) is another project worth paying attention to amid the race to develop decentralized applications and smart contracts. While the focus has always been on Ethereum (ETH) and Cardano (ADA), EOS (EOS) continues to grow under the radar as one of the most flexible and scalable projects.
EOS (EOS) boasts of a smart contract functionality that makes it easy for developers to create and launch their decentralized applications through EOS (EOS). The EOS (EOS) platform stands out partly because it supports feeless transactions, a key attractive feature to developers.
While EOS (EOS) has the latest technology and community backing mode, developers continue to flock to the EOS (EOS) platform fueling demand for the native EOS token.
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Collateral Network (COLT) has everything needed to succeed. As the first-of-its-kind blockchain crowdlending platform, Collateral Network (COLT) continues to elicit strong interest from retail and institutional investors. Its primary goal is to make it easier for people to borrow funds by using their physical assets as collateral.
Consequently, Collateral Network (COLT) has unveiled a crowdlending platform where people looking to raise funds can mint an NFT against their physical asset that is then fractionalised. The community is then able to fund a loan against these assets.
The Collateral Network (COLT) platform will provide a fast turnaround for borrowers to receive cash within 24 hours. In addition, it will ensure privacy by ensuring borrowers borrow without leaving any footprint. In addition, lenders stand to earn some fixed income paid weekly for providing the loans.
COLT is the utility token that will act as a medium of exchange on the Collateral Platform. The total number of COLT tokens that will ever be in circulation is capped at 1.4 billion. Borrowers holding the token receive discounts on borrowing and trading fees. Holders will also be able to stake their idle coins to earn some passive income and vote on key decisions on the project.
Collateral Network (COLT) has huge potential as it moves to enhance crowdlending using fractionalized NFTs backed by real world assets. Collateral Network (COLT) is predicted to see a significant spike in demand and price as more people flock to the presale, an estimated 3500% price increase has been made for the token. Collateral Network (COLT) is an exciting play for riding any bear run in the crypto market and diversifying a crypto portfolio.
Website: https://www.collateralnetwork.io/
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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.