The financial positions of crypto tokens cannot be more apparent now that we are over the first quarter already. Many altcoins have been projected to do massive numbers in the market, and tokens like Cardano (ADA) and Litecoin (LTC), are already walking the talk. However, we might have a new horse in the race, as Collateral Network (COLT) is set to take over. It is still in the presale stage with a token price of $0.01, and is already showing signs of it being a promising token.
With the sole aim of Cardano (ADA) being solving interoperability, scalability and long-term sustainability issues, Cardano (ADA) is poised to solve the unique problems in the DeFi space, as well as in areas of human endeavors that blockchain has a direct impact on.
After surviving an initial decline in the first few weeks of 2023, Cardano (ADA) finally shows signs of a rebound. As expected, investors are starting to look at Cardano (ADA) again. Just last month, the Cardano (ADA) price went up from $0.35 to $0.37, and in the past 24 hours, it has further gone up by 10%.
The trading volume of Cardano (ADA) has also increased from an initial $240M to $300M, signifying a renewed interest by crypto enthusiasts. As expected, its market cap has also shown an upward trajectory. Analysts and most crypto price predictions are expecting a bullish run. In short, things are currently looking good for Cardano (ADA).
Litecoin (LTC) is steadily positioned to solve some of Bitcoin’s (BTC) scaling issues. Litecoin (LTC) is being developed to make crypto transactions safe and much faster. Its innovative “Scrypt” technology, a hashing algorithm that aims to solve the issue of higher energy consumption, is a game changer.
The transfer speed of Litecoin (LTC) is almost comparable to Bitcoin (BTC), and the recent market movement of Litecoin (LTC) gaining more than Bitcoin (BTC) and Ethereum (ETH) in the past few days, lends credence to this fact. In just ten days, the Litecoin (LTC) price has moved from $78.42 on the 20th of March to $89.14.
Litecoin (LTC) trading volume has also risen from $534M to $556M, even though its market cap dropped. The adoption of the deflationary model by Litecoin (LTC) means that the number of tokens in circulation will reduce over time, creating scarcity and, subsequently, value benefits for investors.
Collateral Network (COLT)
Looking at the earlier two tokens, how does their trajectory apply to the increased adoption that Collateral Network (COLT) has seen recently? In line with solving existing, real-life solutions, Collateral Network (COLT) is one token to look out for.
Collateral Network (COLT) is the first decentralized blockchain platform to create some form of transparency to access cash while tying it to real-world assets. Collateral Network (COLT) is the first-of-its-kind lending protocol that seeks to create a level playing field for attaching value to real-world assets.
Collateral Network (COLT) is on the Ethereum (ETH) blockchain, as well as on different platforms. This was done to give investors a flurry of options and eliminate the need for folks to sell their alternative assets. Collateral Network (COLT) mints NFTs against physical assets and then fractionalizes them to allow lenders to fund the loans for borrowers by lending money and then earn fixed-interest payments in the long run.
It does this without leaving any trace on the borrower’s credit file and is very discreet. Since it is in the decentralized finance space, Collateral Network (COLT) allows borrowers with no access to credit options where they are domiciled to obtain credit and allows anyone to become fractional lenders to provide the funding for the loans, regardless of their financial history or geographical location.
Potential investors are curious to see what this coin is being positioned to do, and how it would revolutionize the finance sector. Testament to this is the fact that current estimates show that holders are in line to benefit from the over 3500% estimated growth by the end of the presale. To give an idea, a potential investor of $100 could gain $3500 in the next six months.
Find out more about the Collateral Network Presale here: