Bitcoin (BTC) and Ripple (XRP) have been some of the most well-known cryptocurrencies in the past decade. They have a loyal and growing base of millions of users, with acceptance from tons of merchants globally. From an investing perspective, experts consider them safe bets, given their track record and longevity. Yet, the potential returns are only remarkable if you invested many years ago.
But don’t despair when Collateral Network (COLT) is poised to enter the market with an estimated extraordinary 3,500% growth. After learning about its unique value proposition, you won’t want to miss out on the ongoing presale.
Bitcoin (BTC)
Since November 2021, Bitcoin (BTC) and the rest of the broader crypto market have been in a sustained downtrend. That year, investors were eager to see the value of Bitcoin (BTC) surpass $100k, but it only managed $69,000.
Since November 2022, when Bitcoin (BTC) was worth about $15500, things have been looking up for a few reasons. The Lightning Network has lowered the cost of transactions and enabled faster payments worldwide and the recent collapse of three US banks has led some investors to revisit crypto.
Presently, Bitcoin (BTC) is worth around $27,000. Although Bitcoin (BTC) has improved from the previous price, it’s still an expensive coin for first-time investors. Also, if you bought Bitcoin (BTC) at $15,500, your current return would be less than 2x, which isn’t impressive.
Ripple (XRP)
Ripple (XRP), like Bitcoin (BTC), has enjoyed a resurgence in the last few months. After hitting a low of $0.3388 at the start of 2023, the Ripple (XRP) price has almost doubled since it’s now worth $0.538. Generally, Ripple (XRP) follows the value of Bitcoin (BTC).
Yet, Ripple (XRP) has jumped partly because investors hope Ripple (XRP) will win the ongoing case with the US Securities and Exchange Commission. Also, in February 2023, the Ripple (XRP) ledger reported 5 million users, the highest in its history.
Still, the projected returns for Ripple (XRP) are not spectacular. Like Bitcoin (BTC), you would have a near 2x return if you purchased the Ripple (XRP) coin at 30 cents.
Collateral Network (COLT)
With Collateral Network (COLT), you’re in the prime position for incredible growth. So, what is Collateral Network (COLT)?
Put simply; it is lending done differently. Collateral Network (COLT) is the first-of-its-kind lending service for alternative assets using the blockchain. It is now simpler to use valuables like watches, fine art, cars and gold bars to raise money for loans against real-world physical assets.
After sending your asset to the Collateral Network (COLT) team, the lending platform will appraise your asset before storing it in a vault upon successful authentication. Then, the platform mints an NFT to represent it, meaning an actual valuable item backs the NFT, making it 100% asset-backed. This NFT is then fractionalised to enable lenders to buy in with small amounts of money and assist in contributing to the loan for an agreed interest rate and time frame. Any member of the Collateral Network (COLT) community can become a fractional lender to the NFT by loaning to receive interest.
Following this, the borrower can receive their asset back from Collateral Network (COLT) if the loan is paid back fully to the lenders and the NFT will then be burned. In the event that the loan defaults, the asset is sold at auction which COLT holders can enter into and buy distressed assets for a discounted price.
The Collateral Network (COLT) platform will also have a native token, $COLT, offering many benefits to lenders and borrowers. These include staking, discounts on trading/borrowing fees and access to online auctions for distressed assets.
So, what is the potential return? Analysts predict $COLT will 35x from $0.01 to $0.35 in the next few months. Only a limited number of tokens remain before $COLT becomes more valuable. So, get in on the presale whilst the token price stands at only $0.01 before it’s too late.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
