In the rapidly evolving crypto market, Collateral Network (COLT) is staking its claim as a promising newcomer, poised to outshine established projects like EOS (EOS) and Avalanche (AVAX) during the presale. Join us as we delve into the reasons behind the growing buzz surrounding Collateral Network and how it aims to reshape the crypto landscape.
Collateral Network promises to revolutionize lending
Collateral Network is an innovative solution that revolutionizes how people access loans. The process involves borrowers using their valuable assets — such as jewelry, watches, or precious metals — as loan collateral.
On Collateral Network, these tangible assets are transformed into digital tokens in the form of NFTs. This process allows collateral to be split into smaller chunks, which can each be financed by separate lenders and in return, investors become their own mini banks. The result? Improved market liquidity within the Collateral Network ecosystem.
Collateral Network operates without intermediaries, providing a fully trustless and decentralized platform. Transactions, loan agreements, and repayment plans are all secured through smart contracts that have been audited.
Since its launch, the price has risen from $0.010 to $0.014, and Collateral Network (COLT) has garnered a solid investor base, confident in the project’s potential. With over 55 million tokens already sold, Collateral Network is one of the most successful crypto presales — and it’s just the beginning.
EOS price falls and stagnates
Launched in 2018, EOS was one of the first blockchains to utilize a delegated proof-of-stake consensus algorithm. This resulted in EOS becoming thought of as the ‘Ethereum Killer’ due to its high transaction speed and scalability.
However, EOS has faced criticism for its centralized approach to governance and consensus. This, combined with a lack of adoption in the real world, has meant that the EOS (EOS) price failed to match its initial hype. In fact, EOS is down 96% from the all-time high of $22.89 set in 2018.
With no new high-profile partnerships and a lack of product development, it’s likely that EOS will remain in the shadows for some time. Analysts foresee EOS ranging between $0.80 and $1.20 until we enter a new bull market. Even then, it’s uncertain whether EOS will ever be able to regain its previous glory.
Avalanche set for bearish returns
The Avalanche protocol is an open-source blockchain platform with a focus on efficient transactions and low latency. Launched by AVA Labs in 2020, Avalanche quickly rose to prominence due to its revolutionary architecture that features four different chains for specific tasks.
This multi-chain system provides Avalanche with exceptionally high throughput, up to 100,000 transactions per second. This is how Avalanche managed to jump from $3.00 to an all-time high of $146.22 in 2021.
However, Avalanche (AVAX) faces stiff competition from other high-throughput blockchains and is struggling to maintain its dominance. Despite the impressive progress made in 2021, Avalanche’s price has failed and has fallen to just $15.66.
Analysts predict that the price of Avalanche will range between $10 and $20 until Avalanche can establish itself as the leading layer 1 platform. Until then, investors are looking elsewhere to the Collateral Network presale for a more promising return on their crypto investments.
For more information on Collateral Network visit the website, join the presale, or join the community for regular updates.
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