After the collapse of Signature and Silicon Valley Bank, now is the perfect time to buy in the crypto market.
Although tokens such as The Sandbox (SAND) and EOS (EOS) are worth keeping an eye on, analysts have found a promising project with great fundamentals and excellent growth potential that could be more profitable – Collateral Network (COLT)!
As a challenger lender currently in Stage 1 of its presale, COLT could become one of the top-tier lending platforms on the market, with its forecasted 3500% gains. Let’s see how they all compare against each other.
The Sandbox (SAND)
Ledger Enterprise has partnered with The Sandbox (SAND) to deliver safe connections to the corporation’s corporate brand clients. It was asserted that the collaboration would make it easier and more accessible for enterprises to secure their LANDs and protect the wallet storing The Sandbox (SAND) NFT set.
Nevertheless, this news has not affected the Sandbox (SAND) token. Currently, The Sandbox (SAND) has a value of $0.5931, a fall of 6.45% in the past day. Moreover, the technical analysis for The Sandbox (SAND) also shows a worrying movement, with all moving averages showing sell signals.
On a positive note, the trading volume for The Sandbox (SAND) has increased by 61% overnight and sits at $114,645,185. With this in mind, bullish analysts predict that The Sandbox (SAND) will have a good future, as it may reach $0.89 by the end of 2023.
Collateral Network (COLT)
Collateral Network (COLT), the first decentralized web3 peer-to-peer lending network that lets users borrow cryptocurrency against their real-world assets on-chain, has seen immense attention during its presale.
On the platform, borrowers may unlock the cash locked up in tangible items like luxury cars, jewelry, gold bars and more. By bringing actual assets to Collateral Network (COLT), borrowers can mint an NFT backed 1:1 by their asset.
Lenders on Collateral Network (COLT) can take on the role of their banks and fund the loans by acquiring parts of these NFTs as they will be fractionalized – all while collecting set weekly interest payments.
Borrowers will have a quicker turnaround on their assets (24 hours) in this way than they would with conventional approaches. Furthermore, borrowing against your valuables will be covert and won’t appear on your credit report.
At the core of this platform lies the COLT token, a native token that will bring holders perks such as governance rights, access to auctions where you may bid on distressed assets below their market value, borrowing/trading fee discounts, and staking. Currently priced at $0.01, this represents a strong opportunity. But as the presale advances, so will its value, with some analysts forecasting that COLT could surge by 3500% in the next few months and reach $0.35.
EOS (EOS)
Some intriguing projects will begin making their EOS (EOS) debut now that the EVM is practically running. In recent news, because of EOS (EOS) and Multichain’s collaboration earlier this week, cross-chain swaps will be implemented in the EOS EVM.
Even though this news was praised by the EOS (EOS) community, it has not been reflected in the EOS (EOS) coin price. EOS (EOS) has a value of $1.09, down 4.38% in the past 24 hours.
Looking on the bright side, the trading volume for EOS (EOS) has increased by 11.37% in that same time and now stands at $135,979,843. Analysts remain bullish for EOS (EOS) as they foresee it reaching $1.84 within Q4 of 2023.
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