With the collapse of multiple centralized banks and the overall increase in the inflation rate on a global scale, there has been an increase in the interest surrounding cryptocurrency projects with real-world use cases.
One project that aims to revolutionize an entire industry is Collateral Network (COLT), and today, we will be going over how this platform can disrupt the traditional lending industry and grow by 35x in value, as well as how it compares to other, well-established projects such as Polygon (MATIC) and Uniswap (UNI).
Polygon (MATIC)
On April 5, 2023, Polygon (MATIC) shared an update on Twitter about Spearbit’s Security Audit results. In fact, the team mentioned how every component of Polygon zkEVM, including the prover, was audited.
Going over Polygon (MATIC)’s value, on April 8, 2023, it was trading at $1.11. Polygon’s (MATIC) all-time high was on December 27, 2021, at $2.92. Polygon (MATIC) decreased by 0.9% in the last seven days. However, in the last 30 days, Polygon (MATIC) is still up in value by 5.2%. Regarding its trading volume, in the last 24 hours, it decreased by 31.17%.
With the stagnation in the growth of Polygon (MATIC), cryptocurrency traders and investors are looking elsewhere for alternatives.
Uniswap (UNI)
On April 7, 2023, Uniswap (UNI) shared an announcement on Twitter where they went over how Decentralized Exchange (DEX) trading is at a high, and this meant that there are also rewards for Liquidity Providers (LPs). The LPs on Uniswap (UNI), in March of 2023, earned a total of $77 million in fees. Despite this growth in LP rewards, the overall value behind Uniswap (UNI) has declined.
On April 8, 2023, the Uniswap (UNI) cryptocurrency traded at $5.95. Its all-time high occurred on May 3, 2021, at $44.92. In the last seven days, Uniswap (UNI)’s value decreased by 1.9%, and in the last 30 days, its overall value has been down by 2.5%. The trading volume behind Uniswap (UNI) also decreased by 4.92%. If Uniswap (UNI) does not manage to kick up its pace, it could be headed toward a bearish outlook.
Collateral Network (COLT)
Collateral Network (COLT) is a crowdlending platform that operates Peer-to-Peer (P2P) and allows users and SMEs to borrow capital against physical assets in a decentralized manner.
The project’s main goal is to disrupt the traditional lending industry by bringing it into the digital era. Built on the Ethereum blockchain, Collateral Network (COLT) enables users to borrow against their real estate, fine art, vintage cars, gold, fine wine, watches, diamonds, or other collectibles.
An owner of an asset can essentially send it to Collateral Network (COLT), where it will get validated and valued. Then, a non-fungible token (NFT) will be created to be backed by the asset in question.
This NFT can then get fractionalized into smaller pieces, which means that anyone globally can lend smaller amounts of funds for an agreed-upon interest rate via this NFT.
The COLT token is the native of the platform and provides numerous benefits to its holders. They can get reduced borrowing costs, price cuts on trading fees, governance access, and staking rewards. The smart contract has been audited, and the team tokens are locked for two years, while the liquidity will be locked for thirty-three years.
The Collateral Network (COLT) token is currently priced at $0.014 at its current presale stage, having surged over 28% from its initial price of $0.01. Analysts within the Web3 space predict that its value has the potential to climb to $0.35 or for the token to experience a 3500% rise in value over the upcoming months.
Investors and traders will want to jump into Collateral Network (COLT) throughout its presale stage in order to get the most out of it before it explodes in value.
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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