After the collapse of Silicon Valley Bank and Signature Bank, investors have turned to the crypto market as a suitable financial investment substitute.
According to prominent analysts, one notable project will be Collateral Network (COLT), the world’s first crypto-challenger lender in Stage 1 of its presale that could surge by 35x. Today, we will see how this rookie compares to Dogecoin (DOGE) and Aptos (APT) in 2023.
Recently, the Dogecoin (DOGE) community debunked the notion that billions were at risk following a security flaw in the blockchain. Numerous individuals have stated that the new version of Dogecoin (DOGE), 1.14.6, has fixed that flaw and has been in service since July 2022.
Currently, Dogecoin (DOGE) has a value of $0.07236 with a market cap of $9.6B, a decrease of 4% in the last 24 hours. The technical analysis also paints a dire picture for Dogecoin (DOGE), as its moving averages and technical indicators display strong sell signals.
On the other hand, the 24-hour trading volume for Dogecoin (DOGE) now sits at $358,721,444, an increase of 5.67%. Nevertheless, Dogecoin (DOGE) holders are looking at other projects with more use cases and long-term profitability, as experts believe Dogecoin (DOGE) could jump to $0.099 by the end of 2023.
Collateral Network (COLT)
As a borrower needing funding, obtaining a short-term loan can be problematic in the current lending industry. Regulatory red tape and reluctance are constant in the traditional lending industry, but not for much longer – Collateral Network (COLT) aims to fix these issues by creating the first decentralized Web3 peer-to-peer lending platform allowing users to borrow against off-chain items such as fine art, cars, diamonds and more on the blockchain!
Send a valuable physical item you can use as collateral for loans to Collateral Network (COLT); they will mint an NFT backed 1:1 by the actual physical object. Afterward, the token will be fractionalized, and members of the Collateral Network (COLT) community can, via the NFT, the loan for a fixed interest rate paid out weekly.
With a lock on the liquidity pool for 33 years and team tokens for 2, Collateral Network (COLT) could be the safest investment option currently. Not to mention that this platform will also implement 2FA security options.
This platform and its broad ecosystem will be fueled by its native token, COLT, which you can now purchase for just $0.01. COLT token holders will receive access to private auctions for distressed items, borrowing/trading fee discounts, and governance – excellent benefits for such a low price.
As Collateral Network (COLT) could disrupt the entire lending industry, analysts believe its token could surge by 3500% and reach $0.35 within the coming months!
A recent collaboration between Aptos (APT) and NBCUniversal introduced a new Web3 game called Renfield The Game, based on the horror-comedy Renfield. This news was met with praise from the Aptos (APT) community as more and more companies are beginning to dive into the Web3 space.
However, the Aptos (APT) coin value has not been performing up to par as it trades for $11.12, down 1.41% in the last day alone. However, when looking at the technical analysis for Aptos (APT), we can see that technical indicators are in green.
Not only that, but the Aptos (APT) trading volume has also increased by 22.79% in the past 24 hours and now sits at $172,015,903. Bullish analysts foresee Aptos (APT) reaching $14.05 by the end of 2023; investing in other projects with more room for growth would be more profitable in the long run as Aptos (APT) appears to have plateaued.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.