There are many cryptocurrencies in the market to invest in. However, the recent market crash has testified to the notion that cryptos with real-world utilities are always considered a stable investment option.
Therefore, investors of Cosmos (ATOM) and Ripple (XRP) are jumping ships to join Collateral Network (COLT), which is a new crypto that has started its presale and is expected to give 35x return on investment.
Cosmos (ATOM) Continues Its Bearish Outlook
Following the FTX debacle, the price of Cosmos (ATOM) has significantly declined. Besides, the Cosmos (ATOM) community has denied implementing a new tokenomics framework, which the project was expected to do. Subsequently, the price of Cosmos (ATOM) has dropped by 10% in the last month. This bearish outlook of Cosmos (ATOM) has forced its investors to trade carefully and look out for other cryptos that offer stability and profit. Currently, Cosmos (ATOM) is being traded at $9.15.
Cosmos (ATOM) has been referred to as an “Internet of blockchains.” The primary goal of Cosmos (ATOM) is to establish a unified network of different cryptos. Cosmos (ATOM) was launched to develop an ecosystem of networks without the presence of any central command.
Ripple (XRP) Struggles To Cope With Harsh Market Conditions
Ripple (XRP) has been trying to come out of the bearish zone with new developments. For instance, Ripple (XRP) recently announced working on a real-time global payment settlement platform to smoothen cross-border transactions. However, the ongoing SEC lawsuit has hindered all the growth prospects of Ripple (XRP).
The price of Ripple (XRP) has suffered a steep fall in the last few weeks. The value of Ripple (XRP) has fallen by more than 10% in the past 30 days. Thus, the current trading price of Ripple (XRP) has tumbled to $0.36.
Ripple (XRP) is a blockchain-based digital payment network. Ripple (XRP) was launched with the primary goal of facilitating cross-border payment and remittance settlement.
Collateral Network (COLT) Real-World Utility Boosts Project’s Growth
Streamlining the process of lending and borrowing cryptocurrencies, Collateral Network (COLT) has entered the crypto world with a unique business roadmap with huge market viability. Collateral Network (COLT) is the only blockchain-based platform in the world that is exclusively dedicated to lending and borrowing cryptocurrencies. Collateral Network (COLT) has been developed on the Ethereum blockchain.
Collateral Network (COLT) enables users to borrow cryptocurrencies against their real-world physical assets using blockchain technology. Collateral Network (COLT) mints NFTs against physical assets to enable borrowers to take a loan. Interestingly, on Collateral Network (COLT), borrowers can encash their assets within 24 hours. Moreover, borrowing on Collateral Network (COLT) will not have any impact on users’ credit history.
Lenders are also offered many benefits on Collateral Network (COLT). On Collateral Network (COLT), the lenders’ community can lend funds by purchasing fractional NFTs, which are backed 1-to-1 by real-world assets. This backing by real-world assets protects NFTs’ prices from volatility or sudden market crash. It also helps Collateral Network (COLT) keep its market value stable. Lenders are allowed to offer fractional loans to borrowers at a pre-agreed fixed rate of interest. Moreover, lenders will be getting a fixed income every week on Collateral Network (COLT).
Given these benefits, market pundits are confident that COLT will be a huge hit in the crypto world. COLT is the native token of the Collateral Network ecosystem, which consists of three components – Crowdlending, Auction, and Marketplace.
COLT tokens will start trading at the initial price of $0.01 during the presale round. Analysts have pegged Collateral Network (COLT) to witness a value appreciation of 35x in the next six months. Collateral Network will be supplying a total of 1.4 billion COLT tokens, of which only 50% will be available to the public during the presale.
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/cosmos-atom-and-ripple-xrp-are-no-match-for-rising-collateral-network-colt/