As the crypto market consolidates, Collateral Network (COLT) is catching the attention of experts during its presale phase. Some industry insiders are even predicting a shift from established cryptocurrencies like Filecoin (FIL) and Stellar (XLM) to Collateral Network (COLT).
In this article, we will explore the factors driving this, including the unique features and potential of Collateral Network (COLT) that lend towards its forecasted 35x gains.
Collateral Network (COLT)
Navigating the traditional lending process can be a daunting task, often involving lengthy procedures, invasive credit checks, and excessive paperwork. Collateral Network (COLT) offers a transformative solution with its innovative peer-to-peer lending platform, simplifying and replacing outdated loan processes.
Borrowers can use their valuable assets to unlock liquidity, ranging from supercars, fine wines, art or even real estate. This is a preferable alternative for borrowers with a limited credit history or access to conventional financing options.
Collateral Network (COLT) operates by minting NFTs that are backed 1:1 by the borrower’s asset. These NFTs are then fractionalized, allowing them to be divided into smaller portions, making it possible for a wider range of lenders to participate in loans and earn a fixed rate of interest.
Collateral Network (COLT)’s smart contracts ensure secure asset transfers between borrowers and investors, enabling swift and hassle-free transactions without relying on middlemen to facilitate the process.
In spite of the recent challenges faced by the Filecoin (FIL) and Stellar (XLM) markets, investor interest remains strong in Collateral Network’s (COLT) presale stage with its current price point of $0.01, and forecasted 35x returns.
Filecoin (FIL)
Filecoin (FIL) represents a cutting-edge storage network that harnesses the power of blockchain technology to transform how data storage and sharing function on the internet. Filecoin (FIL)’s decentralized approach to storage grants users heightened security, privacy, and cost-effectiveness compared to traditional cloud storage options.
The Filecoin (FIL) network permits users to store any variety of data without limitations. Moreover, Filecoin (FIL)’s proprietary token, FIL, serves as a means to settle storage fees, offering Filecoin (FIL) users both financial and practical benefits.
However, Filecoin (FIL) has witnessed a considerable drop in its token value — now down 97% from its all-time high of $237. The Filecoin (FIL) team has yet to offer a convincing answer as to why Filecoin (FIL) has fallen so drastically, leaving investors jittery about investing further in this project.
Stellar (XLM)
The Stellar (XLM) network is an open-source payment protocol designed to enable businesses and individuals to send payments and assets across borders without relying on traditional banking systems. Stellar (XLM) uses its native token, XLM, as a medium of exchange and to power transactions on the Stellar (XLM) network.
Stellar (XLM)’s vision is to become an inclusive global financial system that caters to both individuals and enterprises — from those located in unbanked areas to developed nations with complex banking systems.
Stellar (XLM) was one of the hottest projects back in 2018, when its token was valued at $0.93 USD — a far cry from the current market value of just over $0.09 USD. This drop in Stellar (XLM)’s price can be attributed to Stellar (XLM) losing attention to more established competitors in the cryptocurrency space.
In light of these shortcomings, it may be wise for investors to consider shifting their focus from Filecoin (FIL) and Stellar (XLM) to Collateral Network (COLT), a platform that offers the potential for tremendous growth in the near future.
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
