With the new year staring at us, hopes are high that 2023 will favor both the crypto and NFT marketplaces. According to industry watchers, investing in projects with real-world use-cases and functionalities is one sure way to beat the bear market. Examples of these types of projects are Collateral Network (COLT), Civic (CVC), and Band Protocol (BAND). Investing in any of these three projects can change the narrative and put more money in your pocket in the coming year.
While Collateral Network (COLT) is a new entry into the crypto and NFT spaces, its performance in the short period of its existence has got investors talking, with some predictions forecasting a 35x price increase. In fact, it has outperformed the duo of Civic (CVC) and Band Protocol (BAND). Read on to find out what Collateral Network (COLT) team is doing to beat the bear market and stay on top of their game.
Collateral Network (COLT) Looks To Acquire Institutional Investors
The present bear market has pushed both retail and institutional investors towards viable projects like Collateral Network (COLT). Collateral Network (COLT) is the world’s first crowdlending marketplace where you can easily take loans using your physical assets as collateral. This is possible as the assets are minted as equity-backed, fractionalized NFTs which can be sold in fractions to investors who seek to function as lenders.
With $COLT serving as the platform’s primary currency, Collateral Network (COLT) is set to rule the world when it gets listed on major decentralized exchanges. There are over 1,400,000,000 $COLT tokens in circulation, with plans by the team to sell 50% of the tokens during presale at an initial starting price of $0.01. The token is “stakeable”; meaning, you can put it in a vault to generate passive income at a specific period. As a matter of fact, experts have predicted that $COLT will reach the 35x trajectory in the coming months.
How High Can Civic (CVC) Go?
With Civic (CVC) trading at $0.072, investors are wondering how high the price of the token will go in the new year. Industry observers believe that the performance of Civic (CVC) is tied to the performance of Bitcoin (BTC); meaning, if BTC gains traction, the price of Civic (CVC) will also surge.
Civic is a blockchain-powered identity management solution with offerings that help businesses and individuals to stay protected against unauthorized access to their personal or financial information. Unlike its competitors, Civic lets store their sensitive data on their mobile devices.
At press time, Civic (CVC) trades for $0.072445 USD with a 24-hour trading volume of $17,160,043 USD.
Band Protocol (BAND) Excited to Help Chee Finance in Achieving its Goal
With Band Protocol (BAND) planning to help Chee Finance in achieving its goals, developers will now have an opportunity to expand and improve their smart contract functionalities through its oracle. The partnership between Band Protocol (BAND) and Chee Finance will give consumers a safer, permissionless, and easy cash market.
Built using Ethereum, Meter.io, Celo, and BNB Chain, Chee Finance is a Web3 money market. Chee Finance aims to make users enjoy decentralized pricing feeds. On the other hand, Band Protocol (BAND) is a cross-chain data oracle platform with potential to collect real-world data and transfer the same to on-chain applications. Launched as an ERC-20 project, Band Protocol (BAND) later transited to the Cosmos network in June 2020 after the launch of Band Protocol 2.0.
The prolonged bear market has plummeted Band Protocol’s price point. Experts are of the opinion that Band Protocol (BAND) will rebound if the team can innovate to attract institutional investors. At press time, Band Protocol (BAND) trades at $1.44 USD with a 24-hour trading volume of $13,977,901 USD.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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