Across the blockchain space, there are over 23,000 cryptocurrencies, so deciding which projects can increase in value can be challenging. One of the projects worth mentioning is Collateral Network (COLT), a blockchain-based project that can rocket in value. We compare it to NEO (NEO) and Polygon (MATIC).
NEO (NEO)
NEO (NEO) announced on April 5, 2023, surrounding their first upcoming conference of the year, the 2023 Hong Kong Web3 festival.
Last month, NEO (NEO) also announced the launch of NeoChat, a new instant messaging service on top of the platform. Despite the announcement, the crypto has been underperforming in terms of value.
When we go over the value of the NEO (NEO) cryptocurrency, on April 5, 2023, it was trading at $11.88. In the last seven days, the cryptocurrency decreased in value by 6.3%. In the last year, its overall decrease has been 56.1%. It is clear that NEO (NEO) has a long road to recovery if it wants to get on the radar of investors and traders again.
Polygon (MATIC)
Polygon (MATIC) also shared Spearbit’s Security Audit results on April 5, 2023. The team noted that every component on Polygon zkEVM, including the prover, was audited and that the report was available on top GitHub.
When we look at the value of the Polygon (MATIC) cryptocurrency, on April 5, 2023, it was trading at $1.13. However, its value has largely stagnated, where in the last seven days, it saw an increase of 4.4%; however, in the previous 14 days, its value is still down 2.1%.
With the subpar performance of Polygon (MATIC), it is clear why investors and traders are eyeing alternatives, such as the Collateral Network (COLT).
Collateral Network (COLT)
Collateral Network (COLT) is a Peer-to-Peer (P2P) network that aims to enable a new way to begin lending or getting loans through blockchain technology.
Specifically, through the Collateral Network (COLT), anyone can borrow cryptocurrencies against physical assets, such as artworks, gold bars, diamonds, watches, real estate, etc. This essentially makes an asset liquid, as it gets minted as a non-fungible token (NFT) on top of the Collateral Network (COLT).
Once it has been minted, it is 100% backed by the asset in question and then gets fractionalized to enable access to it to numerous investors. Every user on top of Collateral Network (COLT) can buy a fraction of an NFT and gain ownership over that fraction.
As for the native token, COLT is currently in the presale stage, where it is offered at $0.01. Industry experts predict it can climb 3500% in value to $0.35 in the upcoming months.
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
