Experts have been enamored by a new crypto project that could change an entire industry as it brings innovation, solid fundamentals and a 3500% price growth potential. This project is Collateral Network (COLT), now in stage 1 of its public presale, the first challenger lender is well-positioned to overtake the lending industry. And this rookie could be an excellent substitute with cryptos such as Shiba Inu (SHIB) and Avalanche (AVAX) underperforming recently. Let’s find out why.
Avalanche (AVAX)
Avaissance is a project that Avalanche (AVAX) is initiating to jumpstart global artists’ careers and generate interest for Avalanche (AVAX) NFTs.
This news caused a slight increase for Avalanche (AVAX), which is currently worth $17.31, an increase overnight. The trading volume for Avalanche (AVAX) has also increased and now stands at $151,459,779.
The Avalanche (AVAX) technical analysis also paints a positive picture of the coin’s future, as its technical indicators and moving averages show strong buy signals. Bullish analysts predict Avalanche (AVAX) could jump to $20.03 within Q4 of 2023. However, if Avalanche (AVAX) does not surpass the resistance level of $18 soon, it could head south again.
Shiba Inu (SHIB)
Shibarium, the layer-2 testnet for Shiba Inu (SHIB), is just a few days old yet has already experienced tremendous growth. It was recently announced that Puppynet had surpassed 100,000 wallets, as Shiba Inu (SHIB) influencer Lucie stated.
However, the Shiba Inu (SHIB) token value still leaves much to be desired as it now trades for $0.00001084, a slight jump in the last day alone. On the other hand, the trading volume for Shiba Inu (SHIB) has decreased and now sits at $221,250,385.
The sentiment around Shiba Inu (SHIB) is bearish, as all its moving averages also show a sell signal. Nevertheless, analysts remain bullish for Shiba Inu (SHIB) as they predict a rise to $0.00001490 by the end of 2023. But, a $1 valuation for Shiba Inu (SHIB) may not come anytime soon as it still lacks real-world utility.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralized Ethereum-based lending platform that enables anybody to borrow money against their tangible assets using NFT technology.
If you have an off-chain asset, such as a Breitling watch, you can use it as collateral for a short-term loan and utilize Collateral Network (COLT), which will mint an NFT backed 1:1 by the asset itself. The NFT will then be fractionalized and sold partially to the Collateral Network (COLT) community, who, in turn, will receive a predetermined interest rate of income. According to the Collateral Network (COLT) team, this process is called fractional lending and could disrupt the entire pawnbroking industry.
Not only that, as long as they provide an item as collateral, borrowers worldwide can borrow against their assets since Collateral Network (COLT) will offer a permissionless and borderless platform that requires no credit checks.
The Collateral Network (COLT) team has also implemented security steps to alleviate security concerns. The smart contract has been audited, liquidity will be locked for 33 years, and 2FA security options have also been enabled.
Collateral Network (COLT) will also employ its native token, COLT, to reward holders with governance voting rights, exclusive access to private auctions where they can buy distressed items which are being sold due to defaulted loan repayments by borrowers back to lenders, staking income and more. And for the current price of just $0.01, these benefits come as a bargain.
But this price will not be available much longer; as the presale advances, so will its value, with analysts forecasting a $0.35 value for COLT in the next six months. This is a 35x jump you want to take advantage of – so sign up for its presale below.
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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