Web3 peer-to-peer lender Collateral Network (COLT) is emerging as a rising star in the cryptocurrency market, with the potential to outshine established players like Monero (XMR) and Toncoin (TON). We look at why crypto enthusiasts eagerly anticipate this innovative challenger lender’s launch and why market experts predict the growth of 3500% in the coming months.
Collateral Network (COLT) is disrupting the lending industry
Collateral Network (COLT) is a revolutionary new altcoin that provides an innovative solution to the multi $billion lending sector. While many lending protocols exist in the crypto space, these only allow you to either borrow against existing crypto holdings or digital assets such as Bored Ape.
Until now, no solution is available where users can bring off-chain assets on-chain and borrow against them. This is why Collateral Network has excited the market experts and crypto community about their web3 peer-to-peer lending platform.
Rather than relying on the traditional banking sectors or pawnbrokers, individuals worldwide now have access to institutional-level liquidity with a blockchain-powered solution that allows them to unlock cash from their real-world physical assets on the blockchain through minting asset-backed NFTs.
Having successfully completed the beta stage of their presale at a record pace, the price of Collateral Network (COLT) has already increased by 40% from $0.01 to $0.014.
With a limited supply of COLT tokens available, the presale continues to generate immense excitement among global investors, who are eager to acquire tokens at entry-level prices before exchange listings and further price appreciation, with many saying the price of the COLT token will see 35X returns within the next quarter.
Can Monero (XMR) reach $1,000?
Monero aims to provide secure, private, and untraceable transactions. This sets Monero (XMR) apart from many other cryptocurrencies that operate on transparent blockchains with public transaction records.
While Monero has long been a popular choice for privacy-minded individuals, breaking into mainstream adoption has proven challenging. There is a ceiling on how far Monero (XMR) can go, as privacy is not as much of a priority for the masses.
This is shown in the XMR price performance over the last few years. Despite the coin’s best efforts, Monero has been unable to hold a consistent position in the top 10 cryptocurrencies by market capitalization.
Monero (XMR) is currently trading at $163.14, down 68.4% from its all-time high of $517.62 in 2021. Market analysts foresee Monero moving sideways between $140 and $180 in the short term, with no major changes anticipated anytime soon.
Does Toncoin (TON) have a future?
Originally launched by Telegram in 2018, Toncoin is a layer-1 blockchain-based platform designed to enable ultra-fast transactions and smart contract execution. The Toncoin (TON) token replaces GRAM as the main token of the ecosystem.
Toncoin enjoyed bullish momentum throughout 2022, with the TON price jumping from $0.75 to $2.80 at its peak. However, Toncoin (TON) has since fallen to $2.32 as other cryptocurrencies began to capture investor attention.
Toncoin faces a lot of competition in the Layer-1 blockchain platform space. It will need to significantly differentiate its value proposition to return to the Toncoin all-time high of $4.5019 set in 2021.
Experts foresee the price of Toncoin moving sideways as the crypto market moves onto other projects with more upside potential. Still, they note that Toncoin (TON) will make another run at its all-time high in the coming years.
Read about the Collateral Network (COLT) presale here:-