Investors flock from Chainlink and Chiliz to Collateral Network
Collateral Network is an innovative decentralized crowdlending platform that is attracting the attention of investors as its presale gains momentum. Meanwhile, established cryptocurrencies like Chainlink (LINK) and Chiliz (CHZ) remain in a sideways movement, unable to match the excitement surrounding Collateral Network (COLT). Let’s take a closer look.
Collateral Network (COLT) an advance crowdlending platform
Collateral Network is an advanced crowdlending platform designed to help you tap into the hidden value of your physical assets by utilizing them as collateral for loans. Going beyond traditional approaches, Collateral Network (COLT) creates NFTs tied to the collateralized assets, thereby revolutionizing the lending process.
By transforming your assets, such as art pieces or high-end items, into a liquid and tradeable asset class through Collateral Network (COLT), you can access the funds you need for various purposes, like fulfilling financial commitments, launching new ventures, or making strategic acquisitions.
The fractionalization of NFTs enables multiple lenders on Collateral Network to provide capital to the same borrower. With Collateral Network, anyone can become a lender and create a portfolio of loans, while borrowers no longer have to wait for a single lender to approve the loan.
Collateral Network (COLT) also employs a utility token, COLT, for handling platform fees and rewarding token holders with staking incentives and fee discounts. During its presale phase, the COLT token is available for purchase at just $0.014, with projections of a staggering 3500% increase in its value once the Collateral Network platform becomes fully operational.
What is Chainlink (LINK) price right now?
Chainlink is an innovative oracle network that bridges the gap between blockchains and external information sources, allowing smart contracts to access off-chain data and interact with external systems.
This sounds like a game-changing innovation, but Chainlink (LINK) has seen relatively little growth in its price since it surged to an all-time high of $52.88 on May 10th, 2021. In fact, Chainlink is currently priced at just $7.39 — 86%, down from its peak.
While the persistent bear market bears much of the blame for Chainlink’s decline in value, it’s also evident that the project has lost ground to newer, more promising ventures like Collateral Network.
Market analysts foresee Chainlink continuing to range between $5.50 and $9.50 until the market recovers and its fundamentals strengthen. A breakout will likely lead to Chainlink (LINK) at least $16, but it is unknown if Chainlink will ever be able to reach its all-time high of $52.88.
Is Chiliz (CHZ) a buy?
Chiliz is a platform that allows users to purchase, trade, and invest in tokens representing their favorite sports teams. For instance, Chiliz (CHZ) tokens can be used to purchase fan merchandise and access exclusive VIP experiences with the teams.
Chiliz performed remarkably well during the 2020/21 bull market, growing from $0.02 to over $0.89 in just a few months. However, Chiliz (CHZ) has failed to maintain its momentum in the bear market and is currently trading at just $0.13 — 85%, down from Chiliz’s peak in May 2021.
Market analysts predict that Chiliz will continue ranging between $0.10 and $0.14 until the market recovers and Chiliz’s fundamentals increase. While Chiliz (CHZ) could reach a price of $0.30 in an uptrend, it is highly unlikely that it will ever be able to reach its all-time high of $0.89.
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