Are you looking for the best altcoins to outperform the market? Among the latest top gainers, Conflux (CFX) is a new project that has recorded a four-digit growth this year so far – could it rise so much as to dethrone Cardano’s ADA? Or will Collateral Network emerge as the cream of the crop after already raising over $460,000 in presale.
Could Conflux (CFX) Dethrone Cardano (ADA)?
Conflux (CFX) is one of the best-performing crypto assets of 2023. In only a few months, CFX skyrocketed by about 1,400%, leaving many other cryptos like Cardano’s ADA behind.
Conflux is one of the best performers thanks to its status as the only blockchain in China approved by the authorities. In other words, its chances of being shut down unexpectedly are lower – and one piece of evidence is its recent partnership with China Telecom, whose fruit is the release of blockchain-enabled sim cards in Hong Kong.
Even more importantly, Conflux (CFX) doesn’t only plan to activate locally but rather act as a bridge between the East and the West. These aspects, along with many partnerships and capital inflows, have pushed CFX through the ceiling in only a few weeks.
At the time of writing, CFX is priced at $0.39, while Cardano’s ADA is $0.40 – a very tight $0.01 separating the two crypto coins. Analysts expect CFX to rise above $0.58 this year.
On the other hand, Cardano may not have such an impressive trajectory, but it does not experience the risks associated with CFX either. Cardano, founded back in 2017, has proven resilience in the market by surviving several downturns. Consequently, if you are seeking more stability, ADA may be a better pick in the long run.
Collateral Network (COLT) Changes the Lending Industry for Good
If you haven’t heard of Collateral Network (COLT) yet, you may be missing out on one of the crypto projects with the most upward potential this year. Analysts expect gains to reach as much as 3,500% for early investors who buy collateral network tokens at the current price of $0.01 – in other words, it is predicted to reach $0.35.
The hype is built on the use cases of the Collateral Network platform. It is a crowdlending platform where lenders and borrowers meet and avoid the high costs associated with the traditional banking system.
Borrowers can use any valuable good as collateral for a loan, including vintage cars, fine artwork, diamonds or gold bars, and more. The collateral network platform mints asset-backed NFTs, allowing lenders to fund the loans. In case of default, the platform removes the physical asset from the secured vault and places it in an auction. If the borrower pays off the loan successfully, the physical asset used as collateral is returned to them.
COLT is the native token of the platform and early investors get multiple rewards, including discounts, access to a VIP club, and voting rights.
Summary
The crypto market is on the rise. Conflux (CFX) stands out as the most promising blockchain project in China, but Cardano may bring more stability to your portfolio. Meanwhile, Collateral Network (COLT) revolutionizes the whole crowdlending industry, making investors flock to the platform to acquire their first tokens for only $0.01.
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