Picking a crypto project for long-term gains is never an easy decision.
Aave (AAVE) is no doubt one of the top players in decentralized finance (DeFi) but Collateral Network (COLT) may outperform it soon due to the added advantage of fractionalized NFTs being used to facilitate crowdlending.
Impressively, analysts have forecasted a massive 3500% price increase for the COLT token in presale.
Aave (AAVE) ranks number one in most lists of top DeFi lending protocols online. Aave (AAVE) enables the lending and borrowing of cryptocurrencies. Some excellent features of the protocol include stable interest rates, large crypto lending pools, collateralized loans, and flash loans.
But as expected, the present crypto winter has its toll on the value of Aave (AAVE). Aave (AAVE) saw a huge drop from $97 to $55 in early November 2022 following the collapse of FTX.
Indicators show a bearish momentum for Aave (AAVE) and the coin faced a strong selling pressure earlier in December 2022. On the 19th December 2022, Aave (AAVE) formed a range that extended down from $56.6 to $53.1 but fast forward to February 2023 so far, the token is currently priced at $86.43, an impressive gain in just a few months.
Nevertheless, the billion size market of the Aave (AAVE) protocol cannot be ignored. With a TVL of over $4 billion dollars and a set of amazing features, Aave (AAVE) appears to be the giant in DeFi, except that a new challenger has come aboard.
Collateral Network (COLT)
Collateral Network (COLT) is a new decentralized crowdlending platform on the Ethereum (ETH) blockchain that uses NFTs to facilitate loans. Aave (AAVE) may look like the King now but Collateral Network (COLT) is bringing new use cases into the crypto lending space, and may outperform its predecessors as it prepares to decentralize the archaic lending industry .
Collateral Network (COLT) uses fractionalized NFTs to facilitate lending and borrowing. Collateral Network (COLT) makes it easy for borrowers to get cash out of their physical assets on the blockchain, like real estate & luxury cars.
This solves a key problem, as individuals looking for loans get to convert their physical assets as collateral into fractional NFTs which can be sold to lenders as a way to fund the loan. As a result, the lenders receive a mixed rate of interest on the loan.
COLT token holders will enjoy certain benefits like discounts on transaction fees and interest rates, staking rewards, voting rights, and more. To crown it all, analysts predict that Collateral Network (COLT) will surge in price by 35x in the next few months and its token price stands at only $0.01 in the first phase of its presale, representing a prime opportunity to snap up the future of DeFi lending at a discounted rate.
Find out more about the Collateral Network presale here: