The world of cryptocurrency trading is abuzz with excitement as crypto adherents closely monitor the performance of Cardano (ADA), NEAR Protocol (NEAR) and Collateral Network (COLT). This in-depth article will dive into the latest developments surrounding these three digital assets, shedding light on their unique features, market dynamics and growth prospects.
Collateral Network (COLT)
Certainly, one of the most exciting projects in 2023 is the Collateral Network with its practical use case, strong tokenomics and doxxed team.
Collateral Network is the world’s first blockchain-powered peer-to-peer lending platform that lets individuals use their physical assets as collateral for a loan, leveraging NFTs. These digital tokens embody the value of borrowers’ tangible assets like luxury watches, high-end cars or fine art.
Collateral Network (COLT) mints NFTs representing a borrower’s physical asset. These NFTs are broken down into smaller pieces (fractionalized), allowing anyone with a crypto wallet to help fund the loans and receive a fixed interest rate. Lenders now participate in the lucrative $560 billion lending market and become their banks by building their portfolios of loans.
COLT is the token of the platform. Holders of this utility token have access to exclusive perks on the platform, such as discounted fees on borrowing and for using the marketplace to lend. The coin also serves as a governance token, allowing holders to vote on significant project advancements.
The price of COLT has already seen a bullish increase of 40% and is currently priced at $0.014. With analysts predicting an increase to $0.35 when it hits major exchanges like Uniswap, COLT represents a rare opportunity with major upside potential.
Due to its latest price increase and popularity, Cardano (ADA) has been in the news recently. The Cardano (ADA) proof-of-stake consensus process, widely seen as a more effective and ecologically friendly option to proof-of-work, is one factor in its success.
Furthermore, as developers create many apps and protocols on the Cardano (ADA) blockchain, the system’s smart contract technology has attracted interest in decentralised finance (DeFi).
The much-awaited smart contract upgrade Goguen, which Cardano (ADA) recently disclosed is about to launch, is predicted to increase the network’s functionality and create new options for users and developers.
The Cardano (ADA) price is $0.3455 as of last month, and its market value is $11.99 billion. This outcome, however, is based on an earlier observation and might not accurately represent the Cardano (ADA) present or future worth. According to experts, the price of Cardano (ADA) is expected to increase to $0.50, estimated at $17.4 billion.
NEAR Protocol (NEAR)
According to our NEAR Protocol (NEAR) price prediction for 2023, the minimum and maximum prices are anticipated to be around $2.35 and $5.75, respectively. At the same time, the average price may be around $4.05.
Since the start of 2023, there has been a bullish trend influencing the Near Protocol (NEAR) price, which has led to expectations that the NEAR price would continue to rise significantly for the remainder of the year.
In 2023, the NEAR Protocol (NEAR) value may continue to be significantly inflated, but only after it reaches the bottom of the bear market.
NEAR Protocol (NEAR) has drawn strong buying pressure, countering the negative volume. The NEAR value may grow significantly in the second part of the year, potentially reviving a big bullish trend. By the conclusion of the third quarter of 2023, the NEAR Protocol (NEAR) price might try to surpass $5, and by the end of the year’s trading, the price of NEAR Protocol (NEAR) might fluctuate between $7 and $8 but might not reach double-digit.
Read more about the COLT presale here:
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.