Cryptocurrencies have a high level of volatility. However, this volatility is exactly one of the key reasons why they have managed to grab the attention and appeal of numerous investors.
Some projects, such as Collateral Network (COLT), currently in its presale stage, can leap in value by 35x in the upcoming months. To see why this project can disrupt the industry and provide a lot of value, we will be comparing it to other well-established projects such as XRP (XRP) and Stellar (XLM).
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XRP (XRP)
XRP (XRP) is the native cryptocurrency utilized across the XRP Ledger (XRPL). Xumm teased a new feature that can revolutionize trading on the XRP Ledger Wallet. On April 3rd 2023, they shared a tease surrounding a highly secure and seamless trading experience on Twitter.
As of April 9th 2023, the XRP (XRP) cryptocurrency traded at $0.5045821. Its all-time high was achieved on January 7th 2018, at $3.40. In the last 30 days, XRP (XRP) has grown in value by 35.1%; however, in the last 24 hours, XRP (XRP) decreased by 1.2%.
The XRP (XRP) trading volume also decreased by 25.36%. While XRP (XRP) is still in the green, recent price swings for XRP (XRP) could indicate a bearish outlook, leaving investors to look elsewhere for alternatives.
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Stellar (XLM)
Stellar (XLM) announced on April 7th 2023, through Twitter, the Soroban Developer Workshop, where enthusiasts can gain the opportunity to write their first smart contract on Soroban with Morgan Wilde, Paul Bellamy and Anuhya. The event will take place on April 13th at 2:30 PM ET.
Stellar (XLM) traded at $0.103746 on April 9, 2023. In regards to the historic all-time high for Stellar (XLM), it was on January 3rd 2018. In the last 30 days, Stellar (XLM) increased by 34.5%. However, Stellar (XLM) has begun decreasing in value, as in the last 24 hours, Stellar (XLM) decreased by 1.5%. The trading volume behind Stellar (XLM) also decreased by 6.12%.
Collateral Network (COLT)
Collateral Network (COLT) is a project that operates peer-to-peer (P2P) and is built on top of the Ethereum (ETH) blockchain, whose native cryptocurrency can increase by 3500% based on predictions made by market analysts.
The Collateral Network (COLT) platform allows anyone to borrow cryptocurrencies against physical assets they already own, and anyone to lend sums of money towards the loans which are required from the asset’s value. Numerous types of assets can be minted in the form of an NFT, and these include gold bars, watches, diamonds and much more.
Borrowers will need to send the asset to Collateral Network (COLT), where a non-fungible token (NFT) will be minted to represent the physical asset, making it 100% asset-backed. Then, these NFTs will be fractionalized and are a lot more liquid as multiple people can help fund the loan. Whenever a borrower defaults on a loan, their asset will be distressed, and Collateral Network (COLT) token holders will be able to buy it for under its market value through the auctions on the network.
COLT is the native token used across the Collateral Network (COLT) platform, and it provides access to the private auctions, staking, discounts and governance rights on future developments of the platform.
The team tokens will be locked for two years, but the liquidity pool will be locked for 33 years. There are a total of 1,400,000,000 (1.4bn) COLT tokens. However, only 38% of the supply will be available at the Collateral Network (COLT) presale. The smart contract has also been audited.
At the presale stage, the COLT token is offered at $0.014. Analysts predict its value can climb to $0.35 in the upcoming months. By getting into the Collateral Network (COLT) presale early, investors and traders can get the most out of the project.
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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