The crypto market has never been more appealing. As blockchain technology gains traction, so do many attractive crypto projects. Collateral Network (COLT) is to reach 35x gains, but can established crypto projects like Litecoin (LTC) and Cardano (ADA) keep up?
What Is Collateral Network (COLT)?
Collateral Network (COLT) is the first crowdlending platform on the market that dazzles investors and crypto enthusiasts alike. The platform mints fractionalized NFTs, which are then backed up by lenders. The NFTs’ value is not dependent on broad market volatility, which means that lenders get to grow their wealth thanks to the fixed interest rate, regardless of the state of the financial markets.
At the same time, borrowers can raise funds within 24 hours using illiquid assets. For instance, you can raise quick cash by borrowing against a luxury or vintage car, fine art, liquor or wine, NFTs you own, luxury watches, diamonds, gold, and many other assets. Collateral Network (COLT) disrupts the lending industry as you cannot traditionally use these assets as collateral.
Anyone can obtain a loan against physical assets, regardless of their credit history. However, if the borrower defaults on the loan, their physical asset is sold in an auction to recover the loss. Another measure of security is that the Collateral Network (COLT) doesn’t accept loans backed by future income – only physical assets. If the loan is repaid successfully, the Collateral Network (COLT) returns the physical asset to the borrower.
Undoubtedly, Collateral Network (COLT) is a unique opportunity both for people who want to generate passive income, either via the fixed interest rate or by trading loan portfolios on the secondary market, and people who need access to money and can do so using illiquid assets.
Based on this long-term potential of the crypto project, Collateral Network’s native token, COLT, is predicted to skyrocket 35x as the project gains traction and popularity among investors.
Can Litecoin (LTC) and Cardano (ADA) Keep Up?
Established crypto projects like Litecoin (LTC) and Cardano (ADA) may need help to keep up with COLT. One of the main reasons could be the enhanced regulatory scrutiny. However, on the good side, Litecoin (LTC) could still record further growth; Litecoin’s native token, LTC, is expected to reach $100 thanks to the halving event later this year.
Cardano (ADA) has recorded increased demand from whales, but ADA holders may still have to be patient to see ADA reaching a new all-time high. However, with a low price and established market, Cardano’s ADA may have long-term potential, but Litecoin could stay right behind it in terms of gains this year.
Summary
Collateral Network (COLT), Litecoin (LTC), and Cardano (ADA) are very different crypto projects, so their growth potential is different. While Litecoin (LTC) and Cardano (ADA) have more abstract uses, Collateral Network (COLT) emerges as a new platform that directly targets the everyday investor but also anyone who needs a loan.
In addition to this, Collateral Network disrupts the current lending industry. It makes it easy and safe for anyone to generate passive income via different means or to access much-needed cash within only 24 hours.
Read more about the COLT 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.
