In the high-stakes race of cryptocurrency valuation, Aptos (APT) and Collateral Network (COLT) have blazed ahead, leaving Polkadot (DOT) in their wake.
Of these cryptos, Collateral Network is seeing the most impressive surge as it moves through the presale phase of discounted COLT tokens. Let’s take a closer look at the development of these digital assets.
Collateral Network simplifies lending and borrowing
Imagine if getting a loan could be as easy as buying a cup of coffee, without the need for banks, extensive paperwork, or exorbitant interest rates. Enter Collateral Network, a promising project that is stirring up the world of decentralized finance.
Picture this: You have a valuable asset — say, a rare painting or a piece of real estate. With Collateral Network, you can tokenize this asset into an NFT and use it as collateral to secure a loan with favorable terms.
Instead of a single entity lending a large sum, the NFT collateral can be fractionally owned by multiple lenders on Collateral Network, each contributing as little as $10. As such, Collateral Network opens up a whole new world of micro-investments and improves the liquidity of the lending market.
The price of COLT has already surged by 177% to $0.0277 since the presale began last month, and it’s expected to rise even more as the presale gains traction.
Analysts note that the asset-lending market will be worth $6.9 trillion within 5 years, so making even a 0.1% dent in that market could lead to 100X returns for Collateral Network (COLT) presale participants.
Aptos price prediction
Aptos is an emerging player in the world of smart contracts, setting itself apart with a design specifically aimed at supporting applications with high transaction volumes. Aptos’s key differentiators include an innovative proof-of-stake consensus algorithm (PoS) and a layer 2 scaling solution.
Though still in its developmental phase, Aptos has already sparked significant interest and momentum. The Aptos token started the year at a modest $3.10 but saw an impressive surge to over $20.00 within the first three weeks.
Since that time, Aptos has undergone a correction and is currently trading at around $8.75. However, market analysts remain optimistic about its future performance.
The next significant milestone for Aptos is the $20.00 mark, which it needs to surpass to aim for its all-time high of $40.00. For now, analysts project Aptos will fluctuate between $8.00 and $12.00.
Polkadot price analysis
Polkadot was designed to facilitate communication between blockchains and create interoperability for the whole of the digital asset industry. Polkadot has a unique multi-chain framework, in which different blockchains can interact directly with each other.
Polkadot’s technical advantage allowed the Polkadot token to rise from $5 at the start of 2021 to an all-time high of $55 in November of that year. Since then, Polkadot’s (DOT) price has undergone a correction and is currently trading around the $5 level once again.
Analysts attribute this 90% drop to a lack of adoption and user base. While the Polkadot technology is advanced, the real-world usage isn’t enough to sustain a market cap of over $50 billion. In fact, Polkadot may drop further, as the current market cap of $6 billion is still too much for Polkadot’s current user base.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk