Ethereum (ETH) has solidified itself as one of the market's most popular and desirable crypto coins. However, as the recent lockup of ETH tokens hits new highs, investors are wondering about the coin's future movements.
While this is happening, a new player on the market – Collateral Network (COLT), is turning heads and making waves, with experts predicting a 3500% growth even while the token is still in its public presale.
Collateral Network Blows Investors Away with Incredible Gains
Collateral Network is one of the hottest projects in the crypto sphere right now. Set to revolutionize the lending industry, Collateral Network is the first decentralized lending platform on the blockchain that allows people to leverage their real-world assets in exchange for loans.
Let's say you need to get a loan to fund an upcoming project, and you have a $10,000 watch. You can send that watch over to Collateral Network, where it will be valued and stored securely in a vault. Collateral Network will mint a 100% asset-backed NFT from your watch and sell it in fractions to other Collateral Network holders. Once you repay your loan, you'll get the watch back, and the NFT will be burned.
On the other hand, the people who fund the loans, i.e., buy fractions of the asset-backed NFTs, can create a diversified portfolio of multiple small loans and receive fixed-interest weekly payments from each loan. So, Collateral Network also allows lenders to create streams of passive income with competitive rates.
At the moment, this token is still in its public presale. Nonetheless, it's already providing gains for holders, as its initial presale price has already jumped from $0.01 to $0.014 in just a few weeks. Experts and analysts are predicting 3500% gains for the coin in the near future and an incredible 100x increase once the coin hits exchanges.
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