There are thousands of projects across the Web3 space that are aiming to grab the attention of investors as well as traders. However, not every single project brings something truly new to the Web3 space, and as such, rarely do many of them manage to keep the appeal active.
Some of the projects that have kept investors and traders engaged for years include TRON (TRX) and Avalanche (AVAX).
One of the latest projects that have made noise among investor circles is Collateral Network (COLT), with its innovative approach to lending and asset-backed non-fungible tokens (NFTs). Today, we will review the project to see how it compares and try to find out why analysts predict it can rise by 35x in value.
Collateral Network (COLT)
Collateral Network (COLT) is a Web3 peer-to-peer (P2P) crowdlending platform that can transform the lending industry moving forward.
It does this by enabling anyone to use real-world assets as collateral on the blockchain, by creating a non-fungible token (NFT) that is 100% backed by the asset in question.
For example, if a person has real estate, a vintage car, a watch, gold bars, or anything else supported, they can send it to Collateral Network (COLT), where it will get validated, valued, and then stored in a secure vault.
Then, an NFT will get minted on Collateral Network (COLT), representing the asset. This can then get fractionalized into smaller pieces, which means that anyone can buy a fraction of the asset, enabling multiple lenders to fund a loan in a decentralized manner while earning a fixed rate of interest.
COLT is the native token powering the platform. It enables holders the opportunity to get a number of benefits, such as access to auctions, reduced borrowing costs, and a cut on trading fees. The COLT token will also be used for governance and for staking, which will give holders even more rewards. The smart contract has been audited, and the team tokens are locked for two years, while the liquidity pool will be locked for 33 years.
At the presale stage, the COLT token is trading at $0.014, up 28% from its initial price of $0.01. Experts predict its value can grow to $0.35, experiencing a 3500% rise over the upcoming months.
TRON (TRX)
Based on data from TRONSCAN posted on April 3, 2023, the total number of accounts on the TRON (TRX) network exceeded 150 million and was at 150,459,158 at the time of the announcement.
On April 8, 2023, TRON (TRX) traded at $0.066294. TRON’s (TRX) all-time high was on January 5, 2018, at $0.231673. However, when we review the recent performance behind TRON (TRX), in the last 30 days, the cryptocurrency is up by only 1.4%.
In the last 24 hours, TRON (TRX) decreased by 0.1%. The trading volume also decreased by 14.43%. It is clear that TRON (TRX), despite the growth of its network, has stagnated regarding its value, and this has prompted investors to look elsewhere.
Avalanche (AVAX)
On April 6, 2023, Avalanche (AVAX) introduced the Avalanche Evergreen Subnets.
Institutions that aim to leverage the power of public blockchain development alongside interoperability and composability can utilize Avalanche’s Evergreen.
Based on the announcement, institutions can access features such as user and validator permissioning based on KYC and KYB standards, geofencing for jurisdiction requirements, and other regulatory considerations through the Evergreen Subnets.
However, as of April 8, 2023, the Avalanche (AVAX) cryptocurrency traded at $17.64. Avalanche (AVAX)’s all-time high was on November 21, 2021, at $144.96. In the last 30 days, the Avalanche (AVAX) cryptocurrency increased in value by 16.5%. However, in the last seven days, it has decreased slightly by 0.4%. Its trading volume also decreased by 45.11% in the last 24 hours. The future of Avalanche (AVAX) is not bearish, but it still needs to break past $18 to get to a bullish run.
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
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