We’re a quarter of the way into 2023, and crypto is still in a bear market. Yet, it presents the perfect opportunity to boost your crypto portfolio. Examples of projects you may consider are Fantom (FTM) and Klaytn (KLAY).
Or, if you’re looking for something with higher growth potential, a new project called Collateral Network could offer a much bigger 35x return on your investment – lets dig into why.
Fantom (FTM)
Fantom (FTM) is a well-established crypto project which has held its place in the top 50-100 coins in the last few years. Yet, one of the main disadvantages is competition and comparisons to Ethereum.
Some consider Fantom as a helper rather than a competitor. Either way, while it has an advanced infrastructure, it doesn’t offer something different from the many existing similar projects like Solana and Cardano.
Fantom hasn’t performed well in this bear market as with other coins. After reaching an all-time high of $3.48 in October 2021, it has tanked by almost 90% to 40 cents. Many experts predict Fantom will at least double its value before the end of 2023.
In the long term, Fantom may take several years before reaching the heights it once did. Thus, while a credible project, its potential returns are conservative.
Klaytn (KLAY)
Klaytn (KLAY) is a lesser-known blockchain than Fantom, focusing more on metaverse and GameFi services. Klaytn is also more prevalent in South Korea than globally. Regardless, Klaytn has little uniqueness that separates itself from the swarm of other blockchains in the same industries.
This is clear in Klaytn’s price, which started declining in April 2021, while the general crypto market only did so in October 2021. At its peak, Klaytn was worth $4.38 but is now valued at $0.22, representing a 95% decrease.
On the bright side, Klaytn’s developers recently passed a proposal to burn about half of the coin’s supply to boost a potential rise.
But, some forecasting analysis suggests KLAY may be worth less by the end of 2023. While there are optimistic projections, they are still cautious.
Collateral Network (COLT)
Investors are swarming Collateral Network (COLT), a project that’s simpler to understand compared to Fantom and Klaytn. Collateral Network is an innovative decentralized crowdlending service where users can borrow loans against tangible assets like gold, fine art, collectables and watches.
This is challenging in the real world, which is why Collateral Network is here to disrupt the traditional lending industry.
The process is simple. A borrower will collateralise a valuable item by sending it to the Collateral Network team, who will store it in a vault after appraisal. Collateral Network will then mint an NFT to represent the asset. Afterwards, lenders can take part in fractional lending for the borrower at an agreed fixed interest rate through the fractionalized NFT.
In this way, they can earn passive income from the Collateral Network. Once the borrower repays the loan with interest, the network burns the NFT and returns the valuable: that’s it! The process is fast, secure, private, decentralised and transparent, without worrying about credit scores.
For this reason, experts predict its native token, COLT, may reach $0.35 in the next few months from $0.01. This represents an impressive 35x return, as well as the host of benefits that are conferred to COLT holders, like staking bonuses, governance rights, discounts and more. So, what are you waiting for?
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
