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Experts Believe AAVE (AAVE) And Monero (XMR) Could Be Challenged By Collateral Network (COLT)

Collateral Network (COLT) is one of the few platforms that has garnered attention from experts in the industry, who believe that it has the potential to challenge established players like AAVE (AAVE) and Monero (XMR) and surge by over 35x.

In this article, we will explore what makes Collateral Network unique and why it could be a game-changer in the decentralised finance (DeFi) space.

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AAVE (AAVE)

AAVE (AAVE) is a decentralised finance (DeFi) platform that allows users to borrow and lend cryptocurrencies without intermediaries. The platform is built on the Ethereum blockchain and uses a native token called AAVE.

AAVE (AAVE) recently suspended stablecoin trading on v3 Avalanche due to an increase in activity on centralised exchanges. This decision was made based on recommendations from Gauntlet Network, a decentralised finance risk management company, who advised that all v2 and v3 markets be temporarily halted.

In response to Gauntlet’s analysis, AAVE (AAVE) set the loan-to-value (LTV) ratio to zero, which is a key metric used to determine the amount of credit that can be secured using cryptocurrency as collateral. The LTV ratio is expressed as a percentage and is calculated by dividing the amount of credit borrowed by the value of the collateral.

Monero (XMR)

Monero (XRM), one of the top 30 cryptocurrencies in the world by market capitalization, falls by 0.43% on Thursday after rising by 4.5% in the last fourteen days. Monero’s (XRM) total supply currently stands at 18.1 million tokens, and the trading volume for Monero (XMR) is over 100 million dollars.

Monero (XMR) was launched in 2014 and gained a reputation for its remarkable privacy features. Unlike most other platforms, Monero (XMR) blockchain effectively conceals transaction details, rendering it challenging to track the movement of funds.

Monero (XRM) hit an all-time high of $542 on January 9, 2018, but has dropped by over 71% and currently trading for $157, and the market capitalization is over 2 billion dollars.

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Collateral Network (COLT)

Collateral Network is a DeFi crowdfunding platform that enables borrowers to unlock cash from their physical assets as collateral, by minting them as fractionalized NFTs to facilitate investment.

Collateral Network offers several advantages over AAVE and Monero. Firstly, the platform supports multiple blockchains, allowing investors to lend and borrow across different networks.

Borrowers can use assets like real estate, fine art, luxury timepieces and more, and have them minted as fractionalized NFTs. Multiple lenders can then fund the loan, earning a fixed rate of interest.

Collateral Network’s native token, COLT, is an essential part of the platform’s ecosystem. The token is used to pay transaction fees and gives holders certain privileges, such as reduced interest rates on loans, discounts, staking and governance rights.

With the platform’s hybrid infrastructure model and cross-chain capabilities, investors can benefit from the growing DeFi market. As such, experts predict that the COLT token could surge 3500% to $0.35 within the next two months from its current price of $0.01, making it an attractive investment option that you don’t want to miss.