Many altcoins like Binance Coin (BNB) and Cosmos (ATOM) are thriving to keep the bulls and push back the bears. Meanwhile, Collateral Network (COLT), a new player designed to disrupt the lending industry, has attracted many buyers during its presale and holds the promise of a 3500% gain.
Binance Coin (BNB)
Binance Coin (BNB) is an exchange token excelling on the strength of its issuer - Binance. Since its launch, Binance Coin (BNB) has increased by many percentages. Also, Binance Coin (BNB) has maintained the #3 or #4 rank among all cryptocurrencies for the longest time.
Furthermore, Binance Coin (BNB) has gained interest within and beyond the Binance ecosystem. The Binance Coin (BNB) powers all the chains already existing in the Binance ecosystem and more to come. Also, some merchants accept payments in Binance Coin (BNB).
Although Binance has been on the radar of regulatory bodies since the year began, the value of Binance Coin (BNB) has not crashed. BNB is currently trading at $311.04, a -1.96% price decline in the past seven days.
Cosmos (ATOM) is an ever-expanding ecosystem of interoperable and interesting blockchain apps and services connected in a decentralized and efficient way. The Cosmos (ATOM) ecosystem is secured by a proof-of-stake mechanism, and the ATOM token is used for staking. Also, developers can easily build on Cosmos (ATOM) using the Cosmos SDK.
Furthermore, Inter-Blockchain Communication (IBC) is a unique feature of the Cosmos (ATOM) ecosystem. This protocol allows all the blockchains and applications in the ecosystem to transfer tokens and data to one another. As of press time, about 57 chains interact on IBC, including Osmosis, Juno, KAVA, and Crypto.org.
The utility of Cosmos (ATOM) notwithstanding, the coin's value has not improved as investors would expect. Cosmos (ATOM) is currently trading at $10.96, a more than 75% drop from the all-time high (ATH) of $44.70. Cosmos (ATOM) holders seeking greener pastures should consider the newest ground-breaking project — Collateral Network (COLT).
Collateral Network (COLT)
Real-world asset (RWA) is a hot trend now, and Collateral Network (COLT) is well positioned to leverage this concept and reward early adopters massively. Collateral Network (COLT) is a decentralized lending protocol that enables individuals and SMEs to obtain cash loans against physical assets.
Users needing money can pledge any physical asset they own, like real estate, fine art, vintage cars, gold, etc., on the Collateral Network (COLT). These assets are minted into NFTs, fractionalized, and sold to the community to raise the funds the borrower needs. So, many lenders contribute to give the borrower money, and they profit from fixed interest rates. When the borrower pays back, the NFTs are burned, and their asset is returned. This is all done on the blockchain through the use of smart contracts making the process secure, transparent and private.
Collateral Network uses artificial intelligence (AI) to accurately value assets and generate algorithmic lending rates. As a DeFi platform, Collateral Network enables investors to provide loans across multiple blockchains. This project has high-growth potential, and experts predict that the price of Collateral Network (COLT) could rise by 3500%.
Find out more about the Collateral Network presale here:
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