Collateral Network (COLT) A Future Blue Chip?
Collateral Network (COLT) is the most exciting project on this list, given its ability to unlock liquidity for real-world assets. This challenger lender uses a unique NFT minting system to utilize off-chain assets within DeFi.
Asset-based lending rests at the core of TradFi and generates more than $5 trillion a year. Collateral Network (COLT) taps into this market and simultaneously changes the status quo of DeFi lending from over-collateralized crypto loans to 100% asset-back NFTs.
Users can lend against real estate, fine wines, rare whisky, vintage cars, and hundreds of other assets. For example, John owns a Rolex and needs some cash but does not want to sell it. John sends his Rolex to the Collateral Network (COLT), which values it with the help of Artificial Intelligence (AI) and stores it in its secure facilities. Collateral Network (COLT) then mints an NFT 100% backed by his Rolex, and John can use this NFT to access crowdsourced liquidity.
Collateral Network (COLT) creates a new global marketplace for liquidity, massively expanding the current capacity of DeFi. The platform will allow lenders to generate passive income through interest payments and allow borrowers to access private loans from global liquidity pools. This hybrid infrastructure model will be permissionless, allowing anyone with assets to utilize it. Collateral Network (COLT) marks a massive step forwards for lending in both TradFi and DeFi, and analysts have already predicted that COLT will gain 3500% in its presale alone.
Cardano (ADA)
Cardano (ADA) has been rallying recently due to news that the users on the Cardano (ADA) blockchain will soon be able to access Ethereum (ETH) smart contracts with their Cardano (ADA) wallets. This brings a colossal functionality boost to Cardano (ADA), and this upgrade should see Cardano (ADA) enter a sustained rally.
Cardano (ADA) has noticeably lagged behind almost all other Layer-1 blockchains in developing its own DeFi ecosystem, and access to Ethereum (ETH) smart contracts represents a considerable breakthrough.
Cardano (ADA) has gained over 12% in the last week and trades at around $0.40. Analysts have revised their price predictions and now forecast that Cardano (ADA) will trade between $1.05 and $1.26 by the end of 2023.
Quant (QNT)
Quant (QNT) has been a firm favorite of Crypto Twitter for months due to its Overledger technology which connects distinct blockchains. Quant (QNT) has considerable applications in the TradFi realm when blockchain technology is inevitably adopted, and Quant’s (QNT) core team has been pushing aggressively to introduce CBDCs.
Quant (QNT) rallied more than 4% this week, and many analysts believe this is the beginning of a larger rally. Price predictions forecast Quant (QNT) trading as high as $265 by the end of the year.
Due to Quant (QNT) services only payable in the Quant (QNT) token, it possesses an excellent source of buy pressure. However, despite these gains, Quant’s (QNT) potential cannot match Collateral Network’s (COLT) due to its bloated market cap making explosive growth far more complex.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk