After the blip Bitcoin (BTC) and other altcoins experienced in the late quarter of last year, the beginning of 2023 has begun to look up, and it is looking to become a positive one for assets in general. This includes stocks and cryptocurrencies.
A convergence of factors, such as decelerating inflation and oversold conditions in these markets, has made this possible. The best performers in recent times have been Decentraland (MANA), Polkadot (DOT) and the disruptive newcomer Collateral Network (COLT) which has an enticing token price of only $0.014 currently in its presale phase. We shall outline these tokens in this article.
Decentraland (MANA)
In 2023, the manifesto of Decentraland (MANA) was targeted to the platforms and their creators. The metaverse coins saw a positive rally that has been seen to the biggest narratives that have dominated the fate of altcoins in the new year.
Decentraland (MANA) has already entered the alpha phase of SDK7 (Software Development Kit) and has provided a wider variety of options under development by Decentraland (MANA). For dApps, there is a high dependence on business development and partnerships and a need for a quicker transition toward platform development within Decentraland (MANA).
Decentraland (MANA) offers up a lot of advantages to its holders. This includes the control and ownership over virtual land, the core ability to create and trade unique assets, and finally, the opportunity to thrive in the metaverse through Decentraland (MANA). Decentraland (MANA) is a token that is fast becoming the choice of crypto buyers.
Polkadot (DOT)
Polkadot (DOT) has a cross-chain messaging platform (XCM) that has finally merged after 15 months of development. This update by Polkadot (DOT) has brought about more improvements in features like cross-chain locking, exchanges, NFTs, bridges, conditionals and context-tracking for Polkadot (DOT).
New wallets are also being promoted to improve Polkadot (DOT) user experience, and there is the transformation of the Polkadot (DOT) native token, DOT, from security to software. This is in line with stipulations from the U.S. Securities and Exchange Commission. In short, these recent improvements have resulted in an upward growth of the Polkadot (DOT) token, and it is not strange that investors are flocking to buy Polkadot (DOT) as a result.
Collateral Network (COLT)
The world of cryptocurrency is constantly evolving, and presales are becoming a tangible way for investors to discover new projects with a high tendency for growth. Numerous ICOs stand out with unique solutions to existing challenges, but Collateral Network (COLT) is blazing the trail.
Collateral Network (COLT) has been designed as a blockchain crowdlending platform that allows token holders to become borrowers and utilize their tangible assets as collateral for loans without having to part ways with their possessions.
One of the standout features of Collateral Network (COLT) is that it aims to decentralize the lending space and improve access to credit facilities, allowing individuals to unlock cash from their assets on the blockchain through the use of fractionalized NFTs.
Hence, lenders can become their own banks while earning a fixed interest rate of weekly passive income by lending small sums of money towards the fractions of the NFTs that will represent the real-world assets, making them 100% asset backed through Collateral Network (COLT).
Even if a borrower defaults on their loan repayment back to the lenders, their funds are protected as the assets held by Collateral Network (COLT), would then be distressed and sold at public auction, enabling COLT holders to buy the assets at a below market value price to recoup their money.
The Collateral Network (COLT) native token, $COLT, although still in its presale, has risen in price from $0.01 to $0.014 and is poised to grow over 3500% in months to come. The current price for Collateral Network (COLT) looks like good value and early buyers could see a lot of upside in the token.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
