2023 is upon us and investors are looking for the best cryptocurrency to invest their money in the new year. 2022 was marked by many losses, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) shedding over 75% of their values. However, 2023 holds a lot of promises, with one cryptocurrency set to explode and yield massive profits – Collateral Network (COLT).
Which Crypto will Explode in 2023? Introducing Collateral Network (COLT)
Cryptocurrency has outperformed other sectors by a considerable margin since its emergence. The bearish market that dominated 2022 slowed the sector, but it still outshone some sectors. This is because crypto has a pedigree that can’t be disputed. It has garnered investors due to its unique use cases, which has helped to grow the industry and boost the profitability of digital coins.
Bitcoin (BTC), for example, has surged considerably since its emergence in 2009. Smart investors who were early adopters have made millions off BTC. Those who didn’t partake are now looking for the next low-risk and affordable crypto with long-term benefits to invest in the new year.
Amid the bearish market, the next cryptocurrency to explode is COLT, the native token of Collateral Network (COLT). Collateral Network (COLT) is a relatively new project in the crypto space, so it won’t come as a surprise if you haven’t heard about the COLT token.
Collateral Network (COLT) is an innovative decentralised platform that connects borrowers and lenders. The project aims to make funds available to borrowers at an agreed rate. Collateral Network (COLT) is the world’s first crowdlending platform that fractionalizes NFTs backed by real-world assets on the blockchain. Borrowers will be able to use their physical assets to unlock cash without selling their assets.
For instance, Mr. A wants a short-term loan of $30k but has a property worth $50k. Collateral Network (COLT) would mint an NFT that is physically backed by the property and then fractionalizes the NFT for investors to fund. The investors, called crowd lenders, would receive a fixed interest rate for lending. This action benefits both the borrower and the lender. The borrower won’t need to sell his asset to acquire loans, while the lender profits from lending.
Besides the transparency offered by blockchain, using Collateral Network (COLT) ensures fast turnaround and guarantees the borrower’s privacy. Borrowers also get competitive rates with flexible terms. Plus, they don’t need to put their credit profile in line.
The value proposition is what makes Collateral Network (COLT) different and the activities in the platform will push the price of COLT. Collateral Network (COLT) is ready to take the crypto world by storm, and the recent successful smart contract audit proves the team behind the project means business.
COLT is predicted to surge 35x in price within the next six months, as activities in the ecosystem increase. The price is currently $0.01, which presents an amazing investment opportunity for those who want to recover from the losses incurred in 2022. According to the team behind Collateral Network (COLT), only 50% of the 1.4 billion COLT tokens are available for presale which has started now.
This is one crypto you should watch out for in 2023.
Find out more about the Collateral Network presale here:
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