Thousands of altcoins have grabbed the attention of cryptocurrency traders and investors throughout the history of the Web3 space. Not all of them have proved to stand the test of time and maintain their value. Some projects shine, while others eventually get to the point in time when they decrease in value.
This has sparked interest in investors to diversify their cryptocurrency holdings and begin making investments within alternative cryptocurrencies with high-growth potential, and one of the latest challengers that can disrupt the lending space is Collateral Network (COLT), currently in stage 1 of its presale.
Analysts predict that the token can increase to $0.35 in value and eventually 100x when it gets listed on major exchanges, so today, we will compare it to altcoins such as ApeCoin (APE) and EOS (EOS).
ApeCoin (APE)
On March 27th 2023, Ledger announced that ApeCoin (APE) is their next Ledger Quest partner. They also announced that they would be dropping an exclusive Ledger Quest for ApeCoin (APE) holders that will allow them to increase their security and earn a PoK NFT, alongside claiming a custom ApeCoin (APE) Nano.
As of March 28th 2023, the ApeCoin (APE) cryptocurrency was trading at $4.06. While in the last 24 hours, ApeCoin (APE) did manage to climb by 4.7%, in the last 30 days, its value decreased by 18.8%.
This means that ApeCoin (APE) still has a long way to go in terms of its value increase in order to get back up to its value 30 days ago. It’s all-time high was on April 28th 2022, at $26.70, meaning that ApeCoin (APE) now trades 84.76% under its all-time high.
With this in mind, it is likely that investors and traders will move towards newer, high-growth altcoins.
EOS (EOS)
On March 28th 2023, the EOS (EOS) Network Foundation announced the EOS Fireside Chat, where users could hang out with members of the ENF and broader EOS (EOS) community and talk about the latest ecosystem news.
As for the value movement behind the EOS (EOS) cryptocurrency, as of March 28th 2023, EOS (EOS) was trading at $1.10.
Its all-time high was on April 29th 2018, at $22.71. This means that EOS (EOS) iss trading at 95.14%, under its all-time high.
In the last week, the value of EOS (EOS) also decreased by 4.8%. Those who want to get the most gains out of their investment will likely diversify with other cryptocurrencies due to the recent performance behind EOS (EOS).
Collateral Network (COLT)
Collateral Network (COLT) is a platform built to facilitate Peer-to-Peer (P2P) lending and disrupt the overall lending landscape through the utilization of blockchain technology, non-fungible tokens (NFTs) and fractionalization.
The goal and appeal behind Collateral Network (COLT) is that it enables anyone the ability to use their physical assets to fund specific loans.
Anyone within the Collateral Network (COLT) ecosystem can borrow against assets, for example, real estate, fine art, vintage cars, gold, fine wines, watches, diamonds and other collectibles.
Let’s assume that Mark has a Rolex watch worth $50,000. He would send his watch to Collateral Network (COLT), where a dedicated, specialized team will authenticate and accurately value it. Then the watch would get stored in a vault, and an NFT that represents the physical asset would get created. This NFT will then get fractionalized into smaller pieces, where anybody would be to contribute to the loan and lend smaller amounts of money for an agreed fixed rate of interest over a certain period of time. Once a borrower claims their asset back from Collateral Network (COLT), the NFT would get burned.
Lenders can get access to a high level of security and fixed passive income, while borrowers will get quick turnaround times, privacy, transparency, low costs and accessibility.
The platform will feature a dedicated marketplace and auctions. Holders of the native cryptocurrency, COLT, can access the private auctions of distressed assets, which will be held online and will enable anyone to purchase assets below their market value when a borrower defaults on a loan.
COLT can also be used for governance and can be staked to provide additional rewards to holders. It can lead to the reduction of borrowing costs and price cuts on trading fees.
Throughout its presale stage, the COLT token is trading at $0.01. Experts believe it can reach $0.35, a 3500% increase, over the upcoming months.
The Collateral Network (COLT) team tokens will be locked for 2 years, and the liquidity pool will be locked for 33 years. The token’s smart contract has also been fully audited, and only 38% of the token supply will be available throughout the presale stage.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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