Getting ahead of the curve in the blockchain space and knowing what projects to follow are essential. With over 22,000 cryptocurrencies available, it can be difficult to know what to look out for. Some investors might be incentivized to go towards the most well-known projects, such as XRP (XRP) and Litecoin (LTC), but with their recent dips in value, alternative projects might be a better solution. Collateral Network (COLT) recently began its presale at a bargain price of $0.01 and is set to be one of the best web3 projects of 2023.
XRP (XRP) is the native cryptocurrency utilized across the XRP Ledger (XRPL), which confirms transactions through the usage of a consensus mechanism. It enables the efficient transferring of assets globally and can aid in instant money transfers for payrolls, remittances, or other cross-border use cases, powered by XRP (XRP). Other platforms make use of XRP (XRP), such as RippleNet for example, developed by the startup company Ripple.
As of March 11, 2023, XRP (XRP) is trading at a value of $0.362976. It’s all-time high was on January 7, 2018, when it reached a value of $3.40. This means that the XRP (XRP) coin is trading at 89.22% lowers than its ATH. In the last week, XRP (XRP) also decreased by 3.47%.
Litecoin (LTC) is one of the oldest and most well-known Peer-to-Peer (P2P) cryptocurrencies that enables low-cost payments to anyone globally. Litecoin (LTC) was originally launched in 2011, and in 2017, it introduced Segregated Witness (SegWit) and even completed the first Lightning Transaction.
As of March 11, 2023, Litecoin (LTC) is trading at $68.94. The all-time high point of value for Litecoin (LTC) was on May 10, 2021, when it reached $410.26. This means that Litecoin (LTC) is trading at 83.02% under its all-time high point of value. The Litecoin (LTC) cryptocurrency is also trading at 22.48% lower in value when compared to its performance within the past week.
As investors are not satisfied with the performance of XRP (XRP) and Litecoin (LTC), they will likely look at new projects, such as Collateral Network (COLT).
Collateral Network (COLT)
Collateral Network (COLT) is a project that is building the world’s first web3 asset-backed lending marketplace that is set to transform the traditional lending industry and bring it into the digital era.
Built on top of the Ethereum blockchain, the Collateral Network (COLT) platform aims to make it as simple as possible for borrowers to unlock cash globally from physical assets using blockchain technology.
Collateral Network (COLT) does this through the minting of NFTs that are 100% backed against the borrower’s physical assets. Once minted the NFT is broken into various pieces meaning that anybody regardless of location can contribute and fund the loan for an agreed rate of interest.
The Collateral Network (COLT) team tokens are locked for three years, and the liquidity pool is locked for 33 years. As for the smart contract, it has been audited. 50% of the supply of Collateral Network (COLT) tokens will be available to purchase and the current value of the token is at a bargain price of $0.01. Analysts predict that the value of Collateral Network (COLT) will be 35x during the presale. Early adopters of the COLT tokens are primed for success.
Find out more about the Collateral Network presale here: