The crypto market has been a rollercoaster of successes and failures in the past few months. For example, Collateral Network (COLT) has been attracting a lot of attention from investors during the presale, with forecasts that COLT is set for 35x returns from its initial price of $0.01, while Fantom (FTM) and Helium (HNT) have continued to make new lows not seen for months. Let’s review why all of this is happening.
Collateral Network (COLT)
Whether you need to borrow funds or want to earn interest payments for lending, Collateral Network (COLT) is a decentralized platform that allows users to do both. The magic of the Collateral Network (COLT) platform lies in the use of asset-backed NFTs that are used as collateral for loans.
This new system by Collateral Network (COLT) bridges the gap between the digital world and the physical world, as Collateral Network (COLT) users can mint NFTs that represent real-world assets — whether that’s artwork, watches, or vintage wine — to secure loans.
By leveraging their physical assets, borrowers can receive instant cash payments without leaving a footprint on their credit score. Those looking to earn some extra money can become lenders and receive weekly interest payments.
Smart contracts within Collateral Network (COLT) automate the entire process so that lenders don’t have to worry about non-payment or counterparty risk. Plus, with no middlemen or banks to go through, the whole process is streamlined and incredibly cheap.
Momentum is in building in phase 1 of the Collateral Network (COLT) presale, with investors from all over the world clamoring to get their hands on COLT before it hits the exchanges and surges by 3500%. Collateral Network (COLT) holders can receive staking rewards, get governance rights, and pay fewer fees — all of which make for a compelling investment case.
Fantom (FTM)
Fantom (FTM) is a smart contract platform with a difference — it uses directed acyclic graph (DAG) technology instead of regular blockchain technology. Fantom (FTM) helps to reduce transaction times and costs, creating a faster and more efficient platform for transactions. Fantom (FTM)
Fantom (FTM)has been a major draw for the Defi industry, which is looking for faster and more efficient solutions as the sector continues to expand. Covalent, Ankr, and Chainlink are three of the many projects currently using Fantom (FTM) technology.
However, while Fantom (FTM) is slowly being adopted by the sector, its price remains bearish —down 94% since hitting $3.48 in October 2021. This has been attributed to bear market conditions, as well as increased competition from other projects – if Fantom (FTM) can overcome this, it stands a strong chance as a top contender for 2023.
Helium (HNT)
Helium (HNT) is a decentralized network that is focused on IoT (internet of things) devices. The aim of the Helium (HNT) project is to create an open, low-cost wireless network that can be used by anyone to connect and share data.
There are currently 981,021 Helium (HNT) hotspots around the world, creating a powerful network that is growing every month. T-Mobile is one of the biggest investors in Helium (HNT), as they are also looking to leverage this technology to provide innovative services.
Despite this impressive adoption rate, the Helium (HNT) price remains bearish — down 97% since hitting $55.22 in October 2021. A lot of this can be attributed to the bear market conditions, but also a lack of news from the Helium (HNT) project – if new developments are continued, then Helium (HNT) is set to surge as demand in the current market increases.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk