The crypto market is ready for the next bullish season, which makes investing in the right altcoin a weighty decision for investors. While Apecoin (APE) and Dogecoin (DOGE) have proved themselves in the last bull run, investors are keen to consider Collateral Network (COLT) as the next big thing.
The crypto community is raving about Collateral Network (COLT), as crypto experts believe it will provide at least 3500% gains to early investors. Now in its second presale stage, priced at $0.014, there are beneficial reasons why this new altcoin will provide significant gains over Apecoin (APE) or Dogecoin (DOGE).
Collateral Network (COLT): An Excellent Peer-To-Peer Multi-Chain Lending Platform
Collateral Network (COLT) features a novelty crowdlending system that allows users to represent real assets as collateral through NFTs and blockchain technology. As a Web 3.0 peer-to-peer platform, users can borrow funds by submitting their physical assets as collateral. Automobiles, precious metals and fine art are some examples of usable assets.
Upon properly reviewing your submitted assets, Collateral Network (COLT) mints them as NFTs and fractionalizes them into smaller pieces. Then, they are sold to lenders who earn a fixed interest on their purchase weekly. This process continues until the funds for the loan are fully raised and repaid to the lenders. Consequently, Collateral Network (COLT) releases and returns your physical assets back to you, but in the event of the repayment being unsuccessful, the assets will be sold at auction to retrieve the funds for the lenders.
This decentralized platform is fully secured by blockchain technology, thus protecting the lenders and borrowers in its ecosystem. Also, as a decentralized finance (DeFi) platform, investors can provide loans across multiple blockchain networks. Its multi-chain capabilities will provide a faster transaction process and reduce gas fees.
Unsurprisingly, crypto experts have high praise for this lending platform, as Collateral Network (COLT) may provide the best utility and price gains in the short term. You can now be part of the early investors by being involved in its early presale stages. You can purchase COLT at $0.014; analysts predict it could reach $0.35, a 35x price increase, in later presale stages.
Apecoin (APE): A Promising Governance Token
Apecoin (APE), a top-notch governance token, has become quiet despite its bullish momentum last year. Apecoin (APE) early investors recorded a 27x price gain as it reached its highest price point of $27 per token. However, the bearish forces have subdued Apecoin (APE), trading at $4.15 at the time of writing.
Apecoin (APE) has maintained that price level throughout the year, promising potential bullish momentum to its investors. However, huge concerns exist over its Bored Ape Yacht Club (BAYC) NFT sales drop and rising SEC investigations. These problems could limit the growth of Apecoin (APE) in the short term. Consequently, many investors are neglecting Apecoin (APE) for other promising projects like Collateral Network (COLT) to make significant profits.
Dogecoin (DOGE): A Top Meme Coin
Dogecoin (DOGE) continues to be a forerunner of meme coins and leads the pack of being a popular internet meme. Despite its lack of use case, Dogecoin (DOGE) quickly rose up the cryptocurrency ladder thanks to growing community support and celebrity hype. However, it seems that Dogecoin (DOGE) has had its day.
Dogecoin (DOGE) made its highest mark in the 2021 bull run, trading at $0.73 per DOGE. Like Apecoin (APE), the crypto winter subdued the Dogecoin (DOGE) price, selling at $0.09125 at the time of writing. The usual pump fiasco began this year as Elon Musk, CEO of Twitter, changed the Twitter logo to the DOGE symbol.
Yet it remains unclear if there are any plans for Elon Musk to integrate Dogecoin (DOGE) as a payment system for Twitter or Tesla. Thus, investing in Dogecoin (DOGE) amidst the hype carries a high risk and may not offer the best gains in 2023. In contrast, Collateral Network (COLT) has the potential to provide better gains than the top meme coin performer in 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