As the crypto market waxes and wanes, new players are finally coming up for air, and old ones are rising from the ashes. Recently, holders have pointed to Polkadot (DOT) and FIlecoin (FIL) as the top options for long-term holders. However, there is a player that outperforms both of them, the Collateral Network (COLT), which is in Stage 1 of its public presale.
Collateral Network (COLT)
The Collateral Network (COLT) will revolutionize the lending industry as the first Web3 peer-to-peer decentralized lending platform. COLT will allow people to use real-world assets, like watches, fine wines, real estate, and vintage cars, and borrow money against them.
The way it works is pretty simple. Let’s say you have a $10,000 fine wine bottle. You can put that bottle up as collateral with the Collateral Network (COLT) and receive the necessary funds.
The Collateral Network (COLT) will take your asset and mint an NFT to represent the bottle. This NFT will be a 100% asset-backed NFT that Collateral Network (COLT) will use to get you the funding following the asset’s value. Also, your asset will be evaluated with AI, ensuring a fair and discreet valuation.
Moreover, the Collateral Network (COLT) uses fractional lending. This means that COLT fractionalized your NFT into smaller pieces, enabling anyone around the world to lend smaller amounts of funds and get weekly fixed payments in return.
The Collateral Network (COLT) is currently in Stage 1 of its public presale, trading at $0.01. However, experts believe that COLT has the potential to reach 0.35 in the upcoming months, marking a 3500% rise in value for its holders.
Polkadot (DOT)
Polkadot (DOT) is currently ranked as the 11th biggest cryptocurrency. However, the Polkadot (DOT) token value has decreased by 3% in the past week. Polkadot (DOT) is currently trading at $6.32, marking a 2.96% decrease in the Polkadot (DOT) price in the last 24h (at the time of writing).
Also, the staking of Polkadot (DOT) tokens has declined from $632 million to $609 million.
But despite its recent decline, analysts still predict a bullish movement for Polkadot (DOT) in the long term and believe that Polkadot (DOT) can reach $15.44 by 2024.
Filecoin (FIL)
Recently, the Filecoin (FIL) platform introduced the Filecoin Improvement Proposal (FIP) process allowing people to suggest changes and improvements to the Filecoin (FIL) network. With this, it has attracted much attention, especially since it’s about to become even more community-driven.
In the past month, the Filecoin (FIL) token’s price has been variating between $5.345 and $5.930, currently trading at $5.57. And, despite the 2.5% decrease in price in the last 24h, Filecoin (FIL) is still in the higher price range.
Moreover, crypto experts believe that Filecoin (FIL) will reach a $50 price mark in the future, despite its recent volatility.
Explore the Collateral Network (COLT) presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
