Polkadot (DOT) has faced a steady decline since 2022. In the last 12 months, its value has dropped by 63.80% and trading volume has halved. That being said, recent price surges have resulted in a spike in Polkadot activity, with DOT being one the few projects that's experienced a positive ROI in the last thirty days.
While analysts debate whether or not Polkadot (DOT) price will hit $10 in 2024, a revolutionary new altcoin is gaining traction, offering potential returns of 35x in just six months.
What is Polkadot (DOT)?
Polkadot (DOT) provides programmers with the tools needed to build DeFi projects including cryptocurrencies, DeFi gaming options and NFT collections. Polkadot (DOT) is run by its community, with token holders having voting rights to influence future policies.
Having already raised over $200 million during a private sale round, Polkadot (DOT) has recently announced that it will be collaborating with the NFL to create a NFL-themed mobile game.
This news has triggered a spike in the price of Polkadot (DOT), which has increased by 6.19% to $6.18 in the last 24 hours. Such a development could potentially revolutionize P2E gaming, taking the value of Polkadot (DOT) to new highs if successfully implemented.
Given that gaming is one of the fastest growing markets in the world, Polkadot (DOT) could definitely reach $10 in 2024. However, a revolutionary new alternative could offer investors higher returns in the meantime.
What Is The Crypto Project Offering 35x Gains?
As Polkadot takes the first step towards disrupting the P2E gaming market, an exciting new project looks to disrupt the real-world crowdlending industry using DeFi technology. Collateral Network (COLT) is the world’s first asset-backed lending marketplace for real-world assets on the blockchain.
With Collateral Network borrowers can loan against their physical assets (real estate, cars, luxury watches, fine art) by bringing them on-chain as NFTs. The NFTs are fractionalized so multiple individuals can lend as little or as much as they want based on their budgets. Investors who loan money become lenders and will generate a fixed passive income based on their loan amount.
The Collateral Network team has addressed many of the market's concerns when it comes to security. The project is doxxed and fully KYC’d, the smart contract has successfully been audited by both SolidProof and InterFi. The liquidity pool has been locked for 33 years.
With huge potential, market analysts believe that Collateral Network (COLT) could rise from its current price of $0.014 to $0.35 before its presale ends, offering massive returns for early buyers.
How Revolutionary Is Collateral Network (COLT)?
Despite still being in its presale, investors and analysts are extremely excited as to how much influence Collateral Network will have on the crowdlending market. The project offers a solution that's significantly more efficient than anything in the crowdlending space, providing borrowers with a fast, cost-efficient way to raise funds without impacting their credit files.
In just a few years, experts believe that Collateral Network could become a key player in the crowdlending market, outperforming some of the industry's top competitors.
With Polkadot (DOT) in a strong position to hit $10 in 2024, Collateral Network is shooting for the moon as its presale keeps attracting more investors. As thousands of investors buy COLT tokens, Collateral Network is predicted to rise to $0.0168 in just a few weeks.
Find out more about the Collateral Network presale here: