Collateral Network (COLT) Emerges As Better Opportunity Than Stacks Crypto And Ethereum

After the tumultuous market crash last year, 2023 has brought some relief to cryptocurrencies. Among them, Collateral Network (COLT), Stacks (STX), and Ethereum (ETH) are leading the way for bulls. In this article, we will analyze how a new project, Collateral Network, is leaving well-established cryptos like Stacks and Ethereum behind in growth rate.

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Stacks Eyes To Tap Artificial Intelligence

As the hype around the integration of artificial intelligence into Web3 is growing, Stacks has also moved forward. Recently, an AI-powered developer platform, Replit, started featuring the Stacks layer for Bitcoin. After this development, verified Stacks “Repls” will be accessible to over 20 million users of Replit.

This will help developers learn how to build on the Stacks blockchain. The engineering resources available in the Stacks Replit profile will include code templates, the Stacks Connect start kit, and beginner tutorials. Although Stacks is trying to integrate new technologies into its blockchain, the growth has tumbled in the past few weeks. At the time of writing, Stacks (STX) is changing hands at $0.71.

Ethereum Launches ETHIndia Grant 2.0

To increase its adoption and network activity, Ethereum has launched the second season of the ETHIndia Grants program. Under ETHIndia, Ethereum will provide developers with up to $5,000 in equity-free grants to support their projects. Besides, Ethereum will also provide continuity grants or external funding to growth-oriented projects.

Ethereum, through this program, wants to encourage and incentivize developers to build projects in the areas of ZK tech, next-gen wallets, and more. The ETHIndia Grants 2.0 program has followed the launch of Ethereum’s Shanghai Upgrade. Notably, the market value of Ethereum has witnessed a rise after the rollout of the Shanghai Upgrade. At the time of writing, Ethereum (ETH) is available to trade at $1,887.34, registering an increase of 9% in the past month.

Demand For Collateral Network Shoots Up

Are you looking for a platform where you can unlock liquidity from your luxury watch, vintage car, fine wine, or any other valuable physical asset and borrow crypto?

Collateral Network will be the go to place on the blockchain to achieve this. On Collateral Network, people will be able to borrow crypto by using their real world physical assets as collateral. This unique platform is set to disrupt the traditional lending market set to be worth $1721.38 billion by 2031 (source: allied market research).

Borrowers seeking loans send their physical assets to Collateral Network. The company then evaluates the asset, mints an NFTs that represent the physical item and fractionalizes it. These asset-backed fractional NFTs are sold to investors to fund the loans.

Lenders on the platform are from all over the globe so borrowers now have access to global liquidity and can obtain loans at competitive rates, lenders in return earn a fixed weekly income.

The platform is permissionless so there will be no need to submit private documents like proof of income or credit history to secure a loan.

Collateral Network’s presale is storming and COLT tokens are set to skyrocket by 3500% to $0.35 in the upcoming months. Just 38% of the total COLT supply will be released during the presale, and over 100 million tokens are already sold. At present, you can lock a COLT token at $0.014.

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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