Among the most well-known Web3 initiatives today are Axie Infinity (AXS) and Decentraland (MANA). Even though they are both performing well right now, there is growing indication that Collateral Network (COLT) will ultimately prove superior.
The 2023 price forecast for Collateral Network (COLT) is encouraging with analysts predicting a 35x growth.
Let’s go into the specifics of Decentraland (MANA), Axie Infinity (AXS) and Collateral Network (COLT) projects to find out why so many investors are putting their money on them.
Axie Infinity (AXS) in 2023
P2E gaming became a reality thanks to the Axie Infinity (AXS) gaming environment. As a matter of fact, some people made a lot of money on Axie Infinity (AXS) that some governments such as in the Philippines passed tax legislation specifically to control it.
As a result, you may assume that the Axie Infinity (AXS) token, AXS, predicted price in 2023 would be higher, but there are several factors that suggest things may actually be different this time around. For instance, consider the recent $600 million hack of Ronin network for Axie Infinity (AXS).
In addition, the Axie Infinity (AXS) network has likely reached its peak demand and is therefore now overvalued. Axie Infinity (AXS) is one of those tokens that you can only wait and see which direction they’ll take before putting your money on them.
Decentraland (MANA) Forecast
The virtual reality (VR) platform Decentraland (MANA), developed on the Ethereum (ETH) network, allows users to own virtual land. Having real estate available in the metaverse opens up a wide variety of opportunities for making money off of land holdings.
In March of 2018, one parcel fetched 2,000,000 MANA ($175,578). That’s a lot of money for a non-fiat token such as Decentraland (MANA) representing real estate. This demonstrates that consumers are willing to fork over significant amounts of cash for NFTs and Web3 offerings. And it’s all done using MANA, the native currency of Decentraland (MANA).
As 2022 came to a close, the price of Decentraland (MANA), which was hovering at $0.329, has begun to rise to a current price of $0.7924. Since the excitement around virtual property has subsided, it is difficult to speculate on what the price of Decentraland (MANA) will be in 2023. However, if the cryptocurrency market recovers, the price of Decentraland (MANA) tokens may follow suit.
Only platforms that offer actual marketplaces and lasting value will succeed in the long run. That’s why Collateral Network (COLT) is about to skyrocket now because it has practical use in the business and crowdlending worlds.
Collateral Network (COLT) Set for Massive Gains
To help borrowers from all around the world have access to the funds locked up in their blockchain assets, Collateral Network (COLT) has become the leading challenger lender.
This means that anyone on Collateral Network (COLT) can function as their own bank by providing fractional loans at a predetermined interest rate.
Instead of selling digital assets or going through the time-consuming processes of getting a loan application approved, borrowers will use their assets on the blockchain to get cash via the Collateral Network (COLT) platform.
The advantages of using Collateral Network (COLT) include quick processing timeframes, which may reduce the time it takes to get your funds to as low as 24 hours. A further benefit to borrowers is increased anonymity, as borrowing on Collateral Network (COLT) leaves no trace of a borrower’s credit history.
Every action taken on the blockchain-based platform is completely transparent. Lenders also get a regular weekly payout. It is therefore not surprising that the price of Collateral Network (COLT) tokens are expected to surge in the coming six months by over 35x, and tokens are currently priced at $0.01 in its presale.
Find out more about the Collateral Network presale here:
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