The crypto market remains worrisome for some projects like Aptos (APT) and Aave (AAVE). Aptos had a spectacular performance in early 2023, but it failed to maintain the momentum. Aave, on the other hand, experienced a highly concerning bug that prevented users from withdrawing their funds.
Aptos and Aave investors may want to diversify their holdings to stay afloat. Collateral Network, for instance, is taking the market by storm as experts estimate that COLT, the native token, will reach no less than 3,500% returns in the coming weeks.
Collateral Network Price to Surge Over 3,500%
Collateral Network (COLT) is one of the hottest projects right now. The crowdlending platform is the first of its kind and helps individuals and businesses unlock liquidity with maximum ease.
In short, the platform allows users to utilize physical assets, such as jewelry, vintage cars, or luxury watches, as collateral for loans. The platform keeps these assets in a secure vault and mints fractionalized NFTs that represent them so that investors can fund the loans and receive a fixed interest rate.
Collateral Network revolutionizes the banking industry in various ways. Businesses and individuals can now use their prized possessions to access cash within 24 hours with no credit checks. At the same time, the ecosystem nurtures wealth growth by allowing investors to fund the loans and generate passive income.
Currently in its presale stages, COLT tokens are priced at $0.014, and are expected to reach $0.35, up 3,500% from its starting price of $0.01. Once it hits the exchanges, some expect COLT to further grow by 100x this year. Hence, it is no surprise that COLT is stealing the limelight from established cryptos like Aptos and Aave.
Aptos Vs Aave
Aptos had a great start this year in January, but it failed to keep up in the past few weeks. Focused on Web3 adoption, Aptos is showing ongoing signs of short-term losses, which could indicate that this is the right time to shift funds to projects with higher potential, such as COLT.
Just like Aptos, Aave has not enjoyed much hype lately either. A new update introduced the bug, which led to users not being able to withdraw their assets. After the bug got $120 million of Aave stuck on Polygon, it is no surprise that AAVE is 4% down this month.
Summary
Over the last few weeks, Collateral Network has recorded a massive surge in interest, while Aptos and Aave keep struggling. The lucrative DeFi platform combines blockchain and NFT technology to deliver the most powerful crowdlending service that will not only benefit individuals but also businesses and individual investors in need of additional funds or passive income.
The collateral Network platform comes with the first-mover advantage in the competitive lending industry and is set to revolutionize the way people access loans, along with letting individuals become their own mini banks as they can provide liquidity on the platform in return for a secure stream of income.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk