Bitcoin (BTC) retreats around $27,000, Ripple (XRP) price surge, Collateral Network (COLT) set to revolutionize lending market
Bitcoin (BTC) and Ripple (XRP) have been some of the most famous cryptocurrencies of the last decade. They have a loyal and growing base of millions of users, with acceptance from tons of merchants globally. From an investment perspective, experts consider them safe bets, given their track record and longevity. Still, the potential return is only remarkable if you invested years ago.
But don’t despair when Collateral Network (COLT) is ready to enter the market with an estimate extraordinary growth of 3500%. After learning about its unique value proposition, you won’t want to miss the ongoing pre-sale.
>>BUY COLT TOKENS NOW<
Bitcoin (BTC)
Since November 2021, Bitcoin (BTC) and the rest of the broader crypto market have been in a sustained downtrend. That year, investors were eager to see the value of Bitcoin (BTC) surpass $100,000, but it only managed $69,000.
Since November 2022, when Bitcoin (BTC) was worth around $15,500, things have been looking up for several reasons. The Lightning Network has lowered transaction costs and enabled faster payments worldwide, and the recent collapse of three US banks has led some investors to revisit crypto.
Currently, Bitcoin (BTC) is worth around $27,000. Although Bitcoin (BTC) has improved from its previous price, it is still an expensive coin for first-time investors. Also, if you bought Bitcoin (BTC) for $15,500, your current return would be less than 2x, which is not impressive.
>>BUY COLT TOKENS NOW<
Ripple (XRP)
Ripple (XRP), like Bitcoin (BTC), has enjoyed a resurgence in recent months. After reaching a low of $0.3388 at the beginning of 2023, Ripple (XRP) price has almost doubled since it is now worth $0.538. In general, Ripple (XRP) follows the value of Bitcoin (BTC).
Still, Ripple (XRP) has jumped in part because investors hope Ripple (XRP) will win the ongoing case with the US Securities and Exchange Commission. In February 2023, the Ripple (XRP) ledger reported 5 million users, the highest in history.
Still, the projected return for Ripple (XRP) is not spectacular. Similar to Bitcoin (BTC), you would have an almost 2x return if you bought the Ripple (XRP) coin at 30 cents.
Collateral Network (COLT)
With Collateral Network (COLT) you are in the best position for incredible growth. So what is Collateral Network (COLT)?
Easily said; it is lending done differently. Collateral Network (COLT) is first of its kind lending service for alternative assets using the blockchain. It’s now easier to use valuables like watches, art, cars and gold bars to raise money for loans against real-world physical assets.
After sending your asset to the Collateral Network (COLT) team, the lending platform will assess your asset before storing it in a vault upon successful authentication. Then the platform creates an NFT to represent it, meaning an actual valuable item backs the NFT, making it 100% asset-backed. This NFT is then fractionated to enable lenders to buy in small amounts of money and help contribute to the loan at an agreed rate and time frame. Any member of the Collateral Network (COLT) community can become a sub-lender of NFTs by lending to receive interest.
After this, the borrower can get the asset back from the Collateral Network (COLT) if the loan is paid back in full to the lenders and the NFT will then be burned. In the event of default on the loan, the asset is sold at auction which COLT holders can enter and purchase distressed assets at a discounted price.
The Collateral Network (COLT) platform will also have a native token, $COLT, which offers many benefits to lenders and borrowers. These include stakes, discounts on trade/lending fees and access to distressed asset online auctions.
So, what is the potential return? Analysts predict that $COLT will 35x from $0.01 to $0.35 over the next few months. Only a limited number of tokens remain before $COLT becomes more valuable. Then join the pre-sale while the token price is only on $0.01 before it’s too late.
Find out more about the Collateral Network pre-sale here:
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