Collateral Network (COLT), Litecoin (LTC), and Decentraland (MANA) are three must-have cryptos for April 2023. So, what are these cryptocurrencies and why should investors pay attention to them? Let's take a closer look.
Collateral Network (COLT)
Collateral Network (COLT) is the future of lending and borrowing, offering a faster, more secure, and more flexible alternative to traditional loan processes. With Collateral Network (COLT), borrowers can access the capital they need quickly and easily, while lenders can enjoy a new level of efficiency and security in their lending practices.
Collateral Network (COLT) makes this possible by minting NFTs that represent the loan's collateral, which are physical assets, such as cars or jewelry. Borrowers pledge their assets as collateral for the loan, and the NFTs are then used to represent these assets. As these NFTs are fractionalized, there is not only one lender backing that loan but many, who pledge smaller amounts towards loans and enjoy more significant returns.
Collateral Network (COLT)'s use of smart contracts removes the need for middlemen and other centralized authorities, allowing for quicker, more secure transactions. Plus, the metadata of the NFTs contains loan data, so the terms are always agreed upon and enforced transparently.
The COLT tokens power all transactions on Collateral Network (COLT). Plus, holders of COLT tokens can earn staking rewards and cheaper transaction fees. The best part is that, during its presale period, COLT is currently available at $0.01, so investors can get in on the ground floor before its price skyrockets on major exchanges.
Litecoin (LTC) is a decentralized, peer-to-peer cryptocurrency created in 2011 by famous crypto pioneer, Charlie Lee. Litecoin (LTC) offers a faster transaction speed than Bitcoin (BTC), making it more suitable for everyday purchases. Litecoin (LTC) is also one of the most secure, reliable, and widely accepted cryptocurrencies in the world — but this isn't why analysts view Litecoin (LTC) as a must-have crypto for April.
This is because of Litecoin (LTC)'s upcoming halving event scheduled for August 2023, which will reduce the Litecoin (LTC) block reward from 12.5 LTC to 6.25 LTC, potentially increasing its value due to reduced supply and higher demand.
This increase is already being factored into the price of Litecoin (LTC), as its value has boomed from $66 to $93 over the past two weeks. As investors continue to anticipate the impending halving, analysts are predicting that Litecoin (LTC) will surpass the $100 mark and shoot for $200 before the end of 2023.
Decentraland (MANA) is a decentralized virtual world built on the Ethereum (ETH) blockchain. It was launched in 2017 by the Decentraland (MANA) Foundation and is designed to be a platform for creating and experiencing immersive, user-generated 3D content.
In Decentraland (MANA), users can buy and sell virtual land, create and publish content, and interact with other users in a fully immersive virtual environment. Decentraland (MANA) uses non-fungible tokens (NFTs) to represent virtual land and other digital assets, which allows Decentraland (MANA) users to have full ownership and control over their virtual property.
Decentraland (MANA) recently pumped a massive 70% in value following a major announcement that Samsung would be building on the Decentraland (MANA) platform. With Decentraland (MANA) continuing to make headlines, Decentraland (MANA) looks set to break out of this range and reach the $1 mark at some point this year.
Find out more about the Collateral Network presale here: