Looking for the best crypto coins in 2023? Below, we’ll introduce you to Ethereum (ETH), Cosmos (ATOM) and Collateral Network (COLT) and the reasons why experts believe that these three cryptocurrencies are set to explode in 2023.
Collateral Network (COLT)
Collateral Network (COLT) has a rather different approach, as this blockchain-based platform appeals directly to everyday investors and individuals.
When in need of cash, many people sell their expensive belongings, such as luxury watches or fine art, to raise money. Collateral Network (COLT) is the first platform on the blockchain where borrowers can use these assets as collateral for loans instead of selling them. The Collateral Network (COLT) platform appraises the asset and mints an asset-backed NFT representing the physical asset. The holder of the asset, the borrower, unlocks cash, while numerous lenders can earn passive income by investing their capital in portions of these fractionalised NFTs.
Indeed, Collateral Network (COLT) is a nurturing environment for lenders, who provide liquidity to the ecosystem and are rewarded with fixed interest rate payments and the ability to trade their loan portfolios for additional income.
Collateral Network (COLT) is a new project with a huge potential to increase 35 times before it hits the exchanges. Priced at only $0.014, the Collateral Network (COLT) token has already increased by 40% and is estimated to reach as high as $0.35 <
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Author: Crypto Daily
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