Crypto presales remain an excellent way for investors to involve themselves with a project at the earliest stage. The earlier the investment stage, the more upside potential they can catch. Another considerable advantage of presales is the holder base; all holders believe in the project and want it to soar, whereas already established projects have plenty of bagholders waiting to dump on every minor rally.
With significant consideration for its utility properties, analysts have already named Collateral Network (COLT) the best presale coin of 2023, expecting it to outperform Dogecoin (DOGE).
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Collateral Network – Hottest Presale of 2023?
A token rarely creates such a buzz during its presale. With Collateral Network already raising more than $1 million in the initial phases of its presale, on-chain data shows incredible investor appetite. Collateral Network is a challenger lender reshaping the DeFi collateral landscape by introducing real-world assets for the first time.
Collateral Network values real estate, fine art, rare whiskey, luxury watches, jewelry, and more, then mints a unique NFT 100% backed by the asset, which the owner can then use to access crowdsourced loans on the protocol’s marketplace. Alternatively, they can sell this NFT on the secondary market, as it is now fully liquid.
The protocol provides asset owners a place to leverage their existing assets and unlock loans with rapid turnaround and high levels of privacy without the geographical limitations or bureaucratic processes in TradFi asset-backed lending. Meanwhile, lenders can use the platform to earn passive income from interest payments.
Both parties receive significant discounts on services if they hold the $COLT token creating an enormous natural source of buy pressure for the token, resulting in analysts predicting that it will 35X before the presale closes. With locked liquidity, a doxxed team, and plans to launch $COLT on centralized exchanges, it is no surprise that analysts have touted Collateral Network as the best presale coin to buy in 2023.
Dogecoin Faces Increased Competition
Dogecoin, the original memecoin created in 2013 by Billy Markus and Jackson Palmer, forked from the Litecoin (LTC) network. Dogecoin introduced an entire sub-genre of tokens known as memecoins, and its influence on crypto more broadly cannot be understated.
Dogecoin performs best in a risk-on environment with high investor confidence, which is required due to the token’s lack of utility. Analysts have constantly critiqued Dogecoin for this lack of utility which holders of Dogecoin would say does not matter, given by nature, it is supposed to be a memecoin.
Dogecoin can be used for online payments and has yet to look to integrate additional utilities. This has led to a new generation of memecoins massively outshining it. Investors in these sentiment-led tokens always search out the latest iteration with price prediction forecasting Dogecoin (DOGE) trading between $0.092 and $0.11 this year, making the Collateral Network presale far more attractive as an investment opportunity.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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