While Solana (SOL) and Quant (QNT) are some of the most well-known altcoins out there, a new challenger is approaching in their direction, and that is Collateral Network (COLT). The Collateral Network (COLT) project is at its presale stage and has been forecasted to reach 3500% gains for its holders.
We will compare this newcomer to the other two altcoins to see how far it can go.
Collateral Network (COLT)
Collateral Network (COLT) is a newcomer to the cryptocurrency world and has been built on top of Ethereum. The project has been one of the hottest topics among investors and the Web3 community.
A blockchain-based platform for crowdlending, the Collateral Network (COLT) allows users to borrow money against off-chain physical assets.
Collateral Network (COLT) implements asset-backed lending. It enables anyone to utilize their physical assets, such as jewelry, watches, gold, and much more, as collateral for a loan to gain access to liquidity.
On Collateral Network (COLT), a non-fungible token (NFT) that represents their physical asset gets minted. Each NFT on top of the platform is 100% asset-backed. The NFT is minted against the physical item, then fractionalized for on-chain usability.
After this step has been completed, each user can purchase a fraction of the NFT instead of needing to buy it completely, which funds the loans and provides an interest rate based on the agreed-upon time frame for the loan.
At its presale stage, Collateral Network (COLT) is trading at a value of $0.01, and experts in the industry predict that it can x35 in value and reach $0.35 within the following months. The token’s smart contract was fully audited, with only 38% of the total supply available during the presale. The total supply is capped at 1,400,000,000 COLT tokens.
Solana (SOL)
The Solana (SOL) ecosystem is consistently growing, and on March 31, 2023, Superteam made an announcement surrounding the Solana Ecosystem Community Call.
The Solana ecosystem Community Call took place on Thursday, May 4, 2023.
Participants would get access to the best Solana alpha projects before the crowd, and the edition featured updates from Backpack, Elusiv, Jito Labs, and DRiP.
There was also a special guest at the event, Nuseir Yassin, known for “Nas Daily,” who shared an update on the upcoming creator summit in Dubai and how artists on Solana (SOL) could get involved.
On April 4, 2023, the Solana (SOL) cryptocurrency traded at $21.09. In the last seven days, its overall increase has been at 5.6%. The cryptocurrency’s trading volume also jumped by 51.19% in the last 24 hours (at the time of writing the article).
Solana (SOL) also had a circulating supply of 386 million SOL. If it manages to keep up with this momentum, it could reach a bullish run in the next month, and some experts foresee a jump in value to $22 if Solana (SOL) manages to surpass its current price barrier.
Quant (QNT)
Quant (QNT) shared an update on Twitter on March 30, 2023, discussing the tokenization of non-bankable assets. They went over the advantages of tokenization, including increased liquidity, lower transaction costs, and increased transparency, alongside access to a broader pool of investors and fractional ownership.
Quant (QNT)’s value was $125.31 on April 4, 2023. Its circulating supply was at 14.5 million, and in the last 24 hours (at the time of writing this article), its value increased by 3.2%, with a total increase of 5.6% in the last seven days. QNT, however, did see a decrease in its trading volume by 14.45% in the last 24 hours.
With this in mind, Quant (QNT) is far from bearish regarding performance, but it needs to kick up its growth to appeal to more investors, as it currently lacks strong momentum.
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