The recent crypto winter has not been good for investors. However, things are starting to look up as tokens like Avalanche (AVAX) and Fantom (FTM) go up.
But which one offers the best gains on the market? The answer is none of them, as the Collateral Network (COLT), currently in the second stage of public presale, is set to deliver 35x gains to holders.
Collateral Network (COLT)
Experts say that Collateral Network (COLT) will transform the crowdlending industry as it becomes the first Web3 decentralized peer-to-peer platform for real-world assets on the blockchain.
If you need a short-term loan and have real estate, watches, or collectibles, you can use them as collateral and borrow funds against them via Collateral Network (COLT). Specifically, let’s say you have a $30,000 watch. What you, a borrower, would need to do is send it to Collateral Network (COLT) so that the team can authenticate it and value it.
Then, Collateral Network (COLT) mints an NFT that represents the physical version of the watch, making it 100% asset-backed. Further, Collateral Network (COLT) fractionalizes the NFT into smaller pieces so lenders can lend smaller amounts for an agreed-upon interest rate. After the borrower has repaid the entire loan back to the lenders, Collateral Network (COLT) redeems your asset from its vault and burns the NFTs, however, if this defaults, the asset will be sold at public auction, open to COLT token holders, to buy the asset at a below market discounted price.
Collateral Network (COLT) is designed in a way that would solve many lending issues, including credit accessibility, transparency and liquidity. Additionally, borrowing funds via Collateral Network (COLT) will not affect your credit file.
Currently, in stage 2 of its public presale, the Collateral Network (COLT) token is trading at $0.014, with experts predicting a 3500% growth potential in the upcoming months.
Avalanche (AVAX)
The recent Avalanche (AVAX) partnership with Qredo has positively affected the Avalanche (AVAX) price. This new Avalanche (AVAX) partnership aims to ease the process of implementing alternative solutions for digital asset trading on the Avalanche (AVAX) network.
As a result, the Avalanche (AVAX) performance has been looking up in the past week. At the time of writing, the Avalanche (AVAX) token is trading at $18.85. Moreover, the Avalanche (AVAX) price increased by 2.65% over the last 24 hours, with the Avalanche (AVAX) market volume surging by 80.80%.
Additionally, as the Cortina upgrade went live recently, the Avalanche (AVAX) token rallied 2%, leading experts to believe that Avalanche (AVAX) will attract more attention.
Fantom (FTM)
The Fantom (FTM) network has been getting praise left and right, which has impacted the Fantom (FTM) price, leading Fantom (FTM) to maintain an overall bold resilience. Also, Fantom (FTM) has experienced over 13% growth in the past week.
The Fantom (FTM) token is currently trading at $0.51, with a 1.02% rise in the last 24 hours, at the time of writing. Additionally, the Fantom (FTM) trading volume is up by 18.43%, with the Fantom (FTM) market cap increasing by 0.97%.
However, despite Fantom (FTM) achieving a six-month high in collected Fantom (FTM) fees, the overall Fantom (FTM) network has declined. This has led experts to believe that a bullish movement will form in the upcoming days.
Explore 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