Some crypto projects are recovering from the depreciation that swept the industry recently. Tezos (XTZ) and Apecoin (APE) are two digital assets showing a ray of hope while Collateral Network (COLT) has been consistent with its appreciation and is ready to surge by over 35x according to analysts.
Tezos (XTZ) Shows Signs of Appreciation
Built on smart contracts, Tezos (XTZ) is a blockchain network sharing some similarities with the popular Ethereum network.
There’s a major difference between the two networks, though: the goal of Tezos (XTZ) is to offer a more advanced infrastructure that makes evolution and improvement possible over time without running the risk of a hard fork. At its core, Tezos (XTZ) provides many advantages and allows investors to enjoy Tezos (XTZ).
From an all-time low price for Tezos (XTZ) of $0.3146 four years ago, Tezos (XTZ) has appreciated significantly and recorded a 149.96% appreciation at the current price of $0.7865 for Tezos (XTZ).
Apecoin (APE) may Gain More
ApeCoin (APE) was introduced into the cryptocurrency community as an ERC-20 governance and utility token. APE is the ApeCoin (APE) ecosystem’s native token. ApeCoin (APE) is designed to incentivize and empower a decentralized community that is passionate about Web3 technology.
Currently ranked at number 31 on CoinMarketCap, ApeCoin (APE) reportedly has a circulating supply in excess of 361 million ApeCoin (APE) coins and a maximum supply of 1,000,000,000 coins while the ApeCoin (APE) live market cap stands at over $1.3 billion.
ApeCoin (APE) continues to be a top memecoin and possesses a strong potential to surge in value with increased development.
Collateral Network (COLT) Continues to Rise
Collateral Network (COLT) is another crypto project that has continued to rise despite the market’s volatility. The crowdlending Collateral Network (COLT) platform for non-fungible tokens (NFTs) is one of its kind in the industry.
On the Collateral Network (COLT) platform, borrowers can easily access funds from users who provide fractional loans for a fee, an agreed interest rate. Hence, Collateral Network (COLT) users who need funds can retain their physical assets and get a loan without going through the rigorous loan process that is the trademark of conventional financial institutions.
Through Collateral Network (COLT), users in need of funds can borrow against their physical assets via blockchain and NFT technologies.
Consider this scenario: A man who owns a property worth $100,000 may take an NFT-backed short-term loan against his property. Collateral Network (COLT) will step in and mint an NFT backed by the borrower’s physical property. The NFT will subsequently be fractionalized and thus turn investors into fractional lenders.
Analysts are optimistic that the COLT token will experience a 35x price surge within the next 6 months. Notably, Collateral Network (COLT) holders are eligible for numerous benefits across the ecosystem, like discounts, staking rewards and governance rights.
Find out more about the Collateral Network presale here: