Crypto investors have a reputation for investing in numerous cryptocurrencies to diversify their portfolio. Recently, most digital asset investors are turning to Collateral network as one of the most promising projects to invest in.
Render (RNDR) and Flow (FLOW) holders are two of the leading Collateral Network (COLT) token buyers as they are accumulating more of this token.
Let’s take a look at why they are interested in this new and promising project.
Render Token Can’t Meet Investors’ Expectations
Render token has failed to meet investors’ expectations, thanks to its disturbing free fall. The Ethereum blockchain-based GPU rendering network was designed as a platform for studios and artists who need huge GPU computing power to connect with mining partners who are willing to rent out their GPU powers.
Contrary to expectations, Render token has failed to justify investors’ confidence in it. Within a space of one year, it fell freely from $8.76 per coin to a paltry $0.4105 as of press time. The over 95% depreciation is one of the reasons why Render Token’s holders turn to other projects for gains in 2023.
Flow’s Continuous Depreciation is Alarming
Flow was created as a developer-friendly blockchain with decentralization and speed of execution as its main selling points. Flow was designed to power modern apps and games as well as the digital assets powering them.
Created by an experienced team with Dapper Wallet, CryptoKitties, and NBA Top Shot under its belt, investors have found the Flow project’s continuous depreciation worrisome.
Flow’s current price of $0.6659 is a sharp contrast to the $46.16 it peaked two years ago. The alarming depreciation influences Flow holders’ decision to invest in other projects.
Collateral Network on the Rise, More Hope for Investors
Collateral Network is a non-fungible token (NFT) crowdlending platform. The crypto project is one of the best performing in the market, the current market situation notwithstanding.
It is a platform for borrowers to take loans against their assets from fractional loan lenders on the platform for an agreed interest rate. The lending process is smooth and less time-consuming than taking a loan from conventional financial institutions.
Collateral Network allows such users to borrow against their physical assets through NFT and blockchain technologies.
For instance, a user who owns a sizable physical asset may approach the network for an NFT-backed short-term loan against the user’s property. Collateral Network team will then mint an NFT backed by the user’s physical property.
Collateral Network has an impressive ecosystem that boasts a marketplace for borrowers and lenders to connect. It also has an auction ecosystem for users to purchase distressed assets at highly reduced prices.
More so, COLT token holders are empowered with governance rights, the right to contribute to and vote on important issues that may have a huge impact on the project and its development.
Users can also earn passive income from the platform by staking their tokens for a stipulated commission for as long as they desire.
1,400,000,000 tokens are available at a starting price of $0.01. The token’s liquidity pool will be locked for 33 years as analysts predicted that the token will appreciate 35x within six months.
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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