It can be hard to navigate the ever-evolving crypto world. To help you out, we’ve compiled a list of three crypto gems that are worth keeping an eye on — Collateral Network (COLT), VeChain (VET) and ImmutableX (IMX). With Collateral Network (COLT) just starting phase 1 of the public presale ahead of forecasted 3500% gains, this could be the perfect time to invest.
VeChain (VET)
VeChain (VET) is an enterprise-focused blockchain platform designed to make it easier for enterprises to adopt and implement blockchain technology. VeChain (VET) uses a proof-of-authority consensus algorithm, which allows for faster transaction speed and increased scalability.
VeChain (VET) has already seen success, having partnered with several large corporations, such as DNV GL and Kuehne+Nagel. These companies have already implemented VeChain (VET) into their business models and are reaping the benefits of its efficiency.
The price of VeChain (VET) is directly correlated to the number of projects running on the VeChain (VET) platform, meaning that as more companies adopt VeChain (VET), its price is likely to increase. The current bear market conditions could make now the perfect time to invest in VeChain (VET).
ImmutableX (IMX)
ImmutableX (IMX) scales Ethereum’s (ETH) DeFi solutions, allowing users to access the same features but with much higher transaction speeds. By using layer-2 technology, ImmutableX (IMX) can increase Ethereum’s (ETH) scalability and performance while decreasing its gas fees.
ImmutableX (IMX) has already seen success, with hundreds of P2E games now live on the ImmutableX (IMX) network and more being added daily. This surge in activity has made ImmutableX (IMX) one of the most talked-about projects in the DeFi space, and its price could benefit from this increased exposure.
Perhaps the most impressive partnership ImmutableX (IMX) has secured so far is the one with GameStop – the world’s largest video game retailer. This could be a huge boon for ImmutableX (IMX) and its users, as it could bring an influx of new investors and users to the ImmutableX (IMX) platform.
Collateral Network (COLT)
Obtaining a loan can be a helpful way to get the financial resources we need in a timely manner. However, loans can also be accompanied by drawbacks, such as high-interest rates and credit checks that may require us to divulge personal information.
Collateral Network (COLT) is a decentralized lending platform that allows users to borrow funds with asset-backed NFTs as collateral. This means no credit checks are required, which makes Collateral Network (COLT) perfect for those who have difficulty obtaining loans from traditional institutions.
Fractionalization allows people to participate in the lending process even if they don’t have enough money to fund an entire loan on their own. For borrowers, fractionalization can lead to faster funding times, as the loan is supported by multiple lenders instead of just one.
Smart contracts within Collateral Network (COLT) help to streamline the lending process, as they can automate many of the tasks that would otherwise need to be performed manually, meaning no more greedy middlemen taking advantage of borrowers.
Holders of COLT tokens will be able to take advantage of a variety of benefits as the Collateral Network (COLT) project continues to develop, such as staking rewards, reduced transaction costs, governance rights and more.
As the Collateral Network (COLT) project progresses and more people become aware of the benefits of COLT tokens, it is likely that demand for the tokens will rise, driving up the prices in line with the 35x returns predicted by analysts. It is worth noting that the COLT tokens will be listed on exchanges in 2023, with the Collateral Network (COLT) presale acting as an opportunity for early investors to get their hands on them at discounted prices.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Source: https://www.cryptopolitan.com/three-crypto-gems-collateral-network-colt-vechain-vet-and-immutablex-imx/