It’s hard to know which cryptocurrency to invest in when there are so many options available. Fortunately, analysts have picked a portfolio of three cryptocurrency tokens that they believe will yield substantial returns over the short term: Collateral Network (COLT) forecasted to have 3500% gains, ImmutableX (IMX), and AAVE. Let’s take a closer look.
Collateral Network (COLT)
Collateral Network (COLT) is a pioneering crowdlending platform that utilizes non-fungible tokens (NFTs) to represent digital assets.
This innovative use of NFTs makes Collateral Network (COLT) the first of its kind in the industry. It also means that borrowers get fast access to capital without the restrictions typically imposed by traditional banking methods.
For example, Mark needs a new kitchen but doesn’t have the cash to pay for it upfront. With Collateral Network (COLT), he can tokenize his watch and use it as collateral to get a loan. This means he can access the funds he needs quickly, with no impact on his credit file.
The Collateral Network (COLT) way of crowdlending is great for lenders too! The use of fractional NFTs means that lenders don’t have to provide the full amount of the loan. Instead, they can lend a fraction of the amount and still gain a return on their investment.
Owning the COLT token provides access to special features and benefits within Collateral Network (COLT), including discounts on trading fees, rewards for holding the tokens, and even the ability to participate in the governance of Collateral Network (COLT).
It’s no wonder that there is momentum building for the Collateral Network (COLT) presale. And with a chance to revolutionize the $1.5B crowdlending industry, analysts believe the COLT token will grow by 3500% over the next year.
ImmutableX (IMX)
ImmutableX (IMX) uses StarkEx zero-knowledge rollups (ZK rollups) to solve the scalability issues affecting the Ethereum (ETH) network. This layer-2 scaling solution of ImmutableX (IMX) allows users to enjoy the security of Ethereum (ETH), but with no fees, instant transactions, and near-infinite scalability.
As you can imagine, ImmutableX (IMX) is seeing huge demand from developers who want to draw upon ImmutableX (IMX)’s scalability to create the next generation of Defi applications and P2E games. The growing list of companies using ImmutableX (IMX) includes GameStop, Chainlink, and Illuviam.
As more and more industries adopt blockchain technology, they will need ImmutableX (IMX) to enable the scalability and security they require. ImmutableX (IMX) also has a relatively low market cap of $316 million, so analysts expect ImmutableX (IMX) to experience a 10X gain in the near future.
AAVE
AAVE is a decentralized lending and borrowing platform that enables users to lend, borrow and earn interest on their cryptocurrency investments. Additionally, AAVE provides liquidity for Defi applications via its AAVE Market Protocol (AMP).
In addition, AAVE offers amazing features like flash loans, fixed-term deposits, and yield optimization strategies that allow you to maximize your earnings. AAVE uses an automated market maker (AMM) to match lenders and borrowers, as well as provide liquidity for AAVE tokens.
With centralized finance slowly losing its grip on the financial industry and more people turning to Defi protocols, AAVE’s role in providing liquidity is becoming increasingly important. And with a market cap of under $1 billion, analysts believe that AAVE has massive potential to increase by 10X over the next year.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Twitter: https://twitter.com/Collateralnwk
