There are winners and losers in the blockchain space, and investors are always looking for the next big project. Recently, analysts have been keeping a keen eye on phase 1 of Collateral Network’s (COLT) presale, which represents a great opportunity for early investors ahead of 35x returns. Let’s review why analysts are favoring COLT over Fantom (FTM) and Elrond (EGLD).
Collateral Network (COLT)
Collateral Network (COLT) is the world’s first crowdlending platform that uses asset-backed NFTs as collateral for loans. This new system by Collateral Network (COLT) allows borrowers to acquire fast cash payments without impacting their credit scores.
On the lender’s side, they can capitalize on an entirely new asset class and earn interest payments every week — all with just a few clicks.
For example, Mr. Mitty wants to take out a loan of $500 and has identified a piece of art he owns as collateral. He signs up for Collateral Network (COLT), mints an NFT for his artwork, and then lets lenders bid on the loan. He can receive funds in less than 24 hours and pay the lenders back with interest as per the terms of the loan.
The asset-backed NFTs are fractionalized, meaning lenders can own a tiny portion of the NFT, making them more accessible and liquid than ever before. This also provides an opportunity for smaller investors to get involved in asset-backed lending with minimal risk.
Collateral Network (COLT) has a utility token to incentivize users on the platform and unlock premium services, such as reduced fees on the marketplace, discounts on borrowing fees, governance voting rights and more.
The COLT token has just been released to the public via the presale, and analysts are expecting a huge demand. When you consider that Collateral Network (COLT) is bringing much-needed change to the $1.5 billion crowdlending industry, it’s easy to see why analysts are so bullish on the Collateral Network (COLT) project, forecasting that COLT will rise by over 35x during presale.
Fantom (FTM)
Fantom (FTM) is like the rebel of the smart contract world – while everyone else is content with blockchain technology, Fantom (FTM) said “Nah, we’ll do things our own way.” And that way happens to be using directed acyclic graph (DAG) technology, which gives it some serious speed and scalability advantages.
Fantom (FTM) has seen some adoption from Defi projects that are impressed by its performance, but the blockchain space is highly competitive, and for now, Fantom (FTM) hasn’t been able to gain a significant advantage over competitors.
Fantom (FTM) is down 94% since hitting its all-time high of $3.48 in October 2021. While the whole crypto market is down since then, the performance of Fantom (FTM) has been particularly poor. Analysts suggest that Fantom (FTM) holders can either be patient or swap to Collateral Network (COLT) for a better risk-to-reward ratio.
Elrond (EGLD)
Elrond (EGLD) is a blockchain platform that uses sharding technology to enable extremely fast transactions, with the potential to process 15,000 transactions per second at just $0.001 per transaction through Elrond (EGLD).
Elrond (EGLD) simply has one of the most powerful infrastructures in the blockchain space, which is why the recent rebrand from Elrond (EGLD) to “MultiversX” is so perplexing. This rebrand represents a shift away from what it’s known for, which could be a sign that Elrond (EGLD) is looking to target retail investors rather than serious developers.
Additionally, Elrond (EGLD) is down nearly 94% from its all-time high. Many analysts feel that this type of performance by Elrond (EGLD) isn’t worth the risk involved and are instead opting to invest in Collateral Network (COLT) and other projects with better risk-to-reward ratios.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk