Both Polygon (MATIC) and Filecoin (FIL) are well known-projects that have for a long time enjoyed a huge following.
However, lately, there has been a significant migration of Polygon (MATIC) and Filecoin (FIL) investors to Collateral Network (COLT) which is a new blockchain-based crowdlending platform.
Collateral Network (COLT) is in its presale stage. Analysts predict the price of Collateral Network (COLT) could rise by 3500% by the end of the presale.
Let’s look at each of the tokens to see why holders of Polygon (MATIC) and Filecoin (FIL) are currently being drawn to Collateral Network (COLT).
Polygon (MATIC) is a well-known project that has grown in popularity due to the increased adoption of blockchain use. As a layer-2 scaling solution, Polygon (MATIC) provides a faster and cheaper way to handle transactions compared to Ethereum (ETH) which is often plagued by congestion problems and high gas fees.
The Polygon (MATIC) platform is powered by the MATIC token. Polygon (MATIC) has often marketed itself as the best scaling solution since it offers a faster and more scalable platform for building and deploying decentralized applications.
For a long time, many developers have relied on Polygon (MATIC) to create dApps and NFTs. The popularity of Polygon (MATIC) has been driving the demand for MATIC tokens.
At the time of writing, the price of MATIC stands at $1.10, a 2.1% drop in the last 7 days. Given the success of the Collateral Network (COLT) presale at the same time, most of the investors leaving Polygon (MATIC) are headed to Collateral Network (COLT).
Filecoin (FIL) is another popular decentralized file storage system that allows users to rent out hard drive space in exchange for FIL coins. Filecoin (FIL) puts a lot of emphasis on security and efficiency using blockchain technology.
Filecoin (FIL) has seen steady growth over the years due to its secure, cost-effective, and efficient data storage practices. In fact, most people view Filecoin (FIL) as a better alternative to centralized data storage systems such as Amazon S3 and Google Cloud.
Filecoin (FIL) also provides a more reliable data storage that is not susceptible to malicious attacks and failures because it is stored in multiple nodes instead of a single repository or location.
However, Filecoin (FIL) is currently trading at $5.70 with a trading volume of $191.72 million. Notably, the current price of Filecoin (FIL) has dropped by 1.89% in the last 7 days as more of its investors are drawn by the success of the Collateral Network (COLT) presale.
Collateral Network (COLT)
As the world’s first decentralized peer-to-peer lending platform, Collateral Network (COLT) allows users to unlock liquidity from real-world assets to acquire fast loans without having to sell their precious items.
Collateral Network (COLT) does this by enabling users to mint asset-backed NFTs of the assets they are borrowing against.
There are many real-world items that you can borrow against on the Collateral Network (COLT) platform including fine art, fine wine, luxury cars, luxury watches and many more.
Once an NFT of the asset has been minted it is fractionalized into smaller pieces so a user can borrow from multiple lenders. Collateral Network (COLT) is indeed a game changer in the crowdlending sector.
Holders of Collateral Network (COLT) tokens enjoy many perks including staking rewards and exclusive access to private auctions for below market value items. Collateral Network (COLT) is currently in the presale phase with the tokens going for just $0.014.
Collateral Network (COLT) has a total supply of 1.4 billion tokens but only 28% of them are available during the presale, which is why many Filecoin (FIL) and Polygon (MATIC) investors are rushing in to capitalize on the opportunity before the price skyrockets by 3500%, as predicted by industry experts.
Find out more about the Collateral Network presale here: