It is common for crypto investors’ to move from one project to the other, seeking the best returns. While The Graph (GRT) is preparing for decentralization and Quant (QNT) is fighting off price falls, investors are moving to Collateral Network (COLT) for 35x gains.
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The Graph (GRT)
The Graph is an open-source and decentralized indexing protocol for blockchain data. The Graph enables querying on the Ethereum network, allowing developers to build various APIs.
Recently, The Graph team announced that the project would shut down its hosted service and move towards a decentralized network beginning in June 2023. This is a good move as the centralized nature of The Graph (GRT) has been a limitation. Now, more developers will be attracted to The Graph (GRT) ecosystem, and investors’ confidence in the project will increase.
However, the impact of this positive news is yet to be felt on the value of The Graph (GRT) token. Trading at $0.14 at the time of writing. The Graph (GRT) has been down by about 13% in the past seven days.
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Quant (QNT)
Quant is a distributed ledger technology (DLT) service provider that improves connections and interactions between blockchains. Quant connects legacy systems, new applications, and tokenized assets to transform different business categories. The Quant (QNT) token is an ERC-20 token that is used to power the network’s Overledger brand of enterprise software solutions.
Much to the disappointment of investors, Quant has been on a downward trend in the past 30 days, dropping by approximately 11%. In the past seven days, Quant has dropped by 7.7% based on data found on CoinGecko. As of press time, a unit of Quant (QNT) costs $112.12. On the bright side, analysts at CryptoNewsZ forecast that Quant could be valued at around $200 by the end of 2023.
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Collateral Network (COLT)
Collateral Network is an Ethereum-based DeFi platform that is disrupting the lending sector with its advanced NFT feature. Here, individuals or business owners can deposit physical assets like gold bars, artwork, real estate, etc., as collateral to obtain loans.
How? Collateral Network mints NFTs to represent the value of borrowers’ assets. Thus making the NFTs 100% asset-backed. Next, the NFTs are fractionalized and sold in small pieces to multiple lenders. That way, borrowers receive instant funds while lenders earn high returns from fixed interest rates.
Therefore, Collateral Network (COLT) streamlines the financing process, making it simpler, faster, and more secure for users. Based on this efficient model, Collateral Network (COLT) has attracted significant enthusiasts during its presale. Plus, experts predict a 3500% growth for the Collateral Network token.
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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Source: https://www.thecoinrepublic.com/2023/05/08/the-graph-prepares-for-decentralisation-quant-drop-in-price-collateral-network-colt-aims-for-3500-surge/