This week, Stellar (XLM) and Cardano (ADA) are in the spotlight as some of the main gainers on the market. Investors and experts are now keeping an eye on a new presale, Collateral Network (COLT), as it gains popularity. Read on to find out about its growth projection and why it’s gaining momentum.
Stellar’s (XLM) Adoption In Brazil Bodes Well For Investors
Stellar (XLM) has performed well in the first days of April, most likely thanks to the Central Bank of Brazil which has announced that it’s testing its own digital currency on Stellar’s blockchain. This could translate into greater Stellar (XLM) adoption, which could lead to increased value.
In addition to this, Pendulum has also announced that it will connect Polkadot to Stellar’s blockchain, which has pushed Stellar’s (XLM) price further. This is thanks to the fact that additional partnerships can lead Stellar to new highs.
Cardano (ADA) Records Increasing Activity
Cardano’s price has also been in the green lately thanks to good news. Development activity on the Cardano network is on the rise, and Cardano’s team has recently announced Hydra, a new Cardano-based solution that should increase speed and decrease costs for developers.
Thanks to the continuous development regarding the DeFi space, Cardano’s ADA is expected to grow multiple times this year. Although it’s a relatively new project, Cardano (ADA) has quickly become popular among developers thanks to its scalability, security, and sustainability.
Collateral Network’s (COLT) Growth Projection
Collateral Network (COLT) is a breakthrough project in the crypto market. This is the first decentralized platform where you can lend and borrow using blockchain technology and bypass the traditional banking system.
Essentially, the platform mints fractionalized NFTs that are backed by physical assets, then the NFTs fund the loans for borrowers. The assets that can be used for lending and borrowing are those that are typically illiquid and can’t be used for loans in the traditional way, such as vintage cars, artwork, jewelry and watches, and collectibles.
Lenders get to generate passive income in the form of fixed interest, while borrowers have access to quick cash without affecting their credit rating. The platform also addresses default risk – if the borrowers do not pay back the loan, the asset behind the NFT is removed from Collateral Network’s vault and sold in an auction.
In times of economic uncertainty, rising interest rates, and inflation, Collateral Network’s system offers a viable solution for individuals that possess rare assets and allows them to generate passive income from assets in their household. Borrowers, on the other hand, can obtain quick cash without all the hassles of the banking system.
Collateral Network functions with the native token, COLT, which is currently in its presale stage and is sold at a discount. The token was initially priced at only $0.01, but each new presale stage will begin with a value increase.
Early investors can access many perks, including bonuses, governance rights, staking rewards, and more. Thanks to all of its real-world benefits, experts expect Collateral Network to grow more than 100 times in the next few months.
Summary
Stellar (XLM) and Cardano (ADA) are enjoying price increases thanks to increased adoption, mainly due to their activity in the DeFi space. According to experts, Collateral Network (COLT) is set to explode during its presale thanks to its innovative technology and use cases.
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