Cryptocurrency investors and analysts are always looking for projects with high-growth potential and solid long-term returns. The bear market has had an impact on projects such as Polygon (MATIC) and Cosmos (ATOM).
On the other hand Collateral Network (COLT) the world’s first web3 peer-to-peer lending platform is showing bullish signs.
In phase 1 of its presale at a price of only $0.01, COLT has been touted by many experts as crypto that has a lot of upside potential.
Let’s dive into these cryptocurrencies to see how they are fairing!
Polygon (MATIC)
Polygon (MATIC) is a platform intended to help scale Ethereum (ETH) and be a platform for infrastructure development.
The key stand-out feature behind the Polygon (MATIC) network is its Polygon SDK, the modular, flexible developer framework. Those that use Polygon (MATIC) can create Optimistic Rollup chains, ZK Rollup chains, or standalone chains.
The Polygon (MATIC) cryptocurrencies secure the system and enable governance.
The value of Polygon (MATIC) on March 11, 2023, is at $1.02.
The all-time high of the Polygon (MATIC) cryptocurrency was on May 10, 2021, when it reached $2.92. This means the cryptocurrency currently trades at 65.04% under its ATH.
The Polygon (MATIC) cryptocurrency decreased by 9.32% in the previous seven days.
With all of these aspects in mind, it is clear why investors might want to move away from Polygon (MATIC) and look at alternative projects such as Cosmos (ATOM) and Collateral Network (COLT).
Cosmos (ATOM)
Cosmos (ATOM) is a network that aims to connect numerous independent distributed ledgers to achieve interoperability across blockchains.
Cosmos is built on independent blockchains known as zones, and the Tendermint Core consensus mechanism powers those. The Cosmos (ATOM) cryptocurrency is used for on-chain governance and can be staked by zone validators to join hubs.
As of March 11, 2023, the Cosmos (ATOM) cryptocurrency trades at $10.72. The all-time high of Cosmos (ATOM) was on January 17, 2022, when it reached a value of $44.45, meaning that it now trades 75.92% lower than its all-time high.
In addition, Cosmos (ATOM) decreased by 9.38% in the last seven days. The downward momentum surrounding Cosmos (ATOM) indicates that investors are unsure about the cryptocurrency’s future; as such, looking at alternative tokens such as Collateral Network (COLT) might prove to be a solid alternative option.
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Collateral Network (COLT)
Collateral Network (COLT) is the world’s first web3 challenger lender that is enabling users and SME’s to borrow crypto against their physical assets.
Borrowing on Collateral Network (COLT) is simple as the platform mints NFTs backed by a borrower’s assets that are fractionalized in smaller pieces. This enables anybody with a crypto wallet the opportunity to fund a loan and earn a passive income.
Collateral Network (COLT) also stands out as it offers quick turnaround, a high level of privacy, transparency, low costs, and fixed-income opportunities.
COLT is the native token of the platform. There are discounts available depending on what type of holder you are. Borrowers get discounts on borrowing fees and interest paid. Lenders receive discounts on trading fees in the marketplace. The team tokens are locked for three years, and the liquidity pool is locked for 33 years.The smart contract has been audited.
Analysts predict that Collateral Network (COLT) can achieve a value of $0.35 by end of the presale, the current price is $0.01. Early buyers of the token have a unique opportunity to get in at the early stages of a project and 35x their money.
For a project that can become a major player in the Web3 space this seems like an opportunity not to be missed.
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
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