With over 23,000 projects to pick from, it is clear why finding a hidden gem, a project that can provide 35x in regards to value, can be difficult.
One such project that has captured the attention of numerous investors and traders with its presale is the Collateral Network (COLT) project. In stage 1 of its public presale, it has been forecasted to increase by 3500% in value for its holders.
Let’s find out exactly why this cryptocurrency has grabbed so much attention and how it compares to Quant (QNT) and Internet Computer (ICP).
The Chief Executive Officer (CEO) behind Gilbert Verdian appeared on a Future of Finance panel. He discussed CBDCs and how they can happen within the major global currencies.
Despite the appearance, Quant (QNT) did not leap in regard to value. As of March 28th 2023, the Quant (QNT) cryptocurrency traded at $120.19. Its value is much lower than its all-time high, where on September 11th 2021, Quant (QNT) reached $427.42 in value.
Within the past seven days, Quant (QNT) decreased in value by 5.6%. In the last 30 days, the overall value of Quant (QNT) saw a dip of 8.9%. If Quant (QNT) keeps up this downward trend, it can go under $110 within the next three months.
Due to these bearish outlooks for Quant (QNT), investors and traders are moving towards projects at their presale stage with high-growth potential.
Internet Computer (ICP)
DFINITY, the blockchain organization that builds the Internet Computer (ICP) protocol, recently shared how 6.8 million people gained exposure to Web3 SocialFi on top of ICP. Despite the massive exposure surrounding Internet Computer (ICP), their value did not see a major increase.
On March 28th 2023, Internet Computer (ICP) traded at $4.76. Its all-time high was on May 10th 2021, at $700.65. This means that Internet Computer (ICP) is now trading at 99.32% at its all-time high.
Within the last seven days, Internet Computer (ICP) decreased by 7.3%, and in the last month, the decrease was at 22%.
Considering these technical indicators, if Internet Computer (ICP) does not recover its momentum, it can dip under $4 by the end of 2023. For this reason, Internet Computer (ICP) holders are looking at alternative cryptocurrencies for long-term profitability.
Collateral Network (COLT)
Collateral Network (COLT) is being created to provide something new and unique to the Web3 space by enabling new ways from which users can utilize physical assets that they already own in order to get loans on top of the platform.
Specifically, Collateral Network (COLT) is a Peer-to-Peer (P2P) lending platform that makes it easy to borrow cryptocurrencies against physical assets built on top of Ethereum (ETH). Any individual or SME can use real estate, fine art, vintage cars, gold, fine wine, watches, diamonds or collectibles to get a loan. Borrowers can borrow against their physical assets digitally, and this works through a combination of non-fungible tokens (NFTs) and fractionalization.
All users need to do is send the watch to Collateral Network (COLT), after which there is a dedicated team of experts that can authenticate and accurately value the asset. Then the asset would get stored in a vault, and an NFT would get minted, which represents the physical asset. This would then be fractionalized into smaller pieces, and users can then lend specific amounts of money for an agreed-upon rate of interest at a certain time frame. Once a borrower repays the principal loan and the interest, they can collect the asset from the vault, and their NFT will get burned.
If they default on a loan, the asset gets auctioned off, where investors can get it at a discount when compared to its market value. This is how distressed assets will be treated through Collateral Network (COLT).
COLT is the native token behind the Collateral Network (COLT) platform. Holders of the token get numerous benefits, such as access to the auctions mentioned above, reduced borrowing costs, price cuts and the ability to stake the token and participate in the governance process.
At its current presale, Collateral Network (COLT) is trading at a value of $0.01. Experts believe that COLT could grow to $0.35 throughout the upcoming months. Only 38% of the total supply of COLT will be available at the Collateral Network (COLT) presale stage, and the token’s smart contract has been fully audited. The token is also expected to surge by 100x when it lists on major exchanges and can disrupt the pawnbroking industry by reinventing P2P lending.
Find out more about the Collateral Network presale here: