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Collateral Network (COLT) is currently one of the most promising cryptocurrency projects as it continues to build on its consistent appreciation with forecasted 35x gains.
COLT’s impressive run has attracted positive reviews from crypto critics who believe it has the potential to outperform the duo of Monero (XMR) and Internet Computer (ICP).
Internet Computer (ICP)’s Unimpressive Run Continues
The Internet Computer (ICP) blockchain is seeing falling popularity. The unique blockchain is the pioneer for building online services and systems such as web social media without depending on traditional technologies such as cloud computing services. This makes it suitable for powering end-to-end decentralization.
As a Web3 enabler, Internet Computer was designed to fix some of the challenges of social media, such as its numerous privacy issues, zero control over personal data use, and others. These features contribute to Internet Computer (ICP)’s growing popularity among social media users.
Internet Computer is run by ICP, its native utility token. Despite its popularity, ICP still needs to convince investors of its investment worthiness. Over the years, Internet Computer (ICP) has lost over 99% of its value as it was currently valued at $4.91 per coin from $750.73 per ICP coin on May 10, 2021.
Monero (XMR) Aims for the Sky
Unlike Internet Computer (ICP), Monero (XMR) puts the recent industry dip behind it. Since its launch in 2014, Monero (XMR) has proven to be one of the most popular cryptocurrencies.
Monero (XMR) was created to “allow transactions to occur privately and anonymously.” The goal is to give crypto users a platform where their security and anonymity are guaranteed. Monero (XMR) leverages the power of advanced cryptography to “obscure senders and recipients alike,” a surefire way to shield them from the public during transactions.
Although Monero (XMR) was initially affected by the industry dip, it’s gradually overcoming the challenge. In the last 24 hours, XMR, Monero’s utility token, has appreciated by about 3%. This is a sharp contrast to the majority of digital currencies that are currently battling the dip.
Collateral Network (COLT) Continues to Appreciate
Collateral Network (COLT) is a fast-rising decentralized crowdlending platform where users can take short-term loans using their physical assets as collateral. Borrowers can take loans against items such as fine art, real estate, and vintage wines through the use of fractional NFTs.
By minting these assets as fractionalized NFTs, borrowers can unlock cash from their physical assets faster as their loans can be funded by a community of lenders on Collateral Network (COLT), providing faster liquidity while lenders can earn passive income via a fixed interest rate by funding the loans through the NFTs.
Collateral Network is powered by its utility token, COLT, a multipurpose coin for users to enjoy benefits like staking bonuses, governance rights, and more.
Crypto investors can use COLT’s presale to add an excellent coin to their portfolios and get a 50% deposit bonus. Analysts have predicted that COLT will have a bullish run and may outperform Monero (XMR) and Internet Computer (ICP) very soon, with some even forecasted 35x returns for the coin in the next few weeks.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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