Cryptocurrency investors are now paying closer attention to Cardano (ADA) and XRP primarily because of the recent developments being made on both platforms.
On the other hand, Collateral Network (COLT) continues to woo more investors after the successful launch of its presale, which has seen prices skyrocket by 40% so far. Analysts predict the price of Collateral Network to grow by 3500% and reach $0.35 during the presale.
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Cardano (ADA) Expanding Its Ecosystem with New Developments
Cardano has been making news in the cryptocurrency world with its recent developments, which aim to improve the network’s transparency, security, and sustainability.
Cardano is the brainchild of Charles Hoskinson, who co-founded Ethereum. The goal of Cardano is to overcome the limitations that users face in other blockchains.
Cardano recently announced its planned updates for the highly anticipated Voltaire Era launch. Voltaire Era will be a governance system that allows holders of ADA tokens to vote on important matters such as funding and proposals. It will further decentralize the Cardano platform while empowering the community.
Cardano has also been partnering with other companies and increasing the adoption and utility of its token, ADA. With a strong community and robust technology, Cardano is set to become a key player in the crypto industry.
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Where is XRP Headed in 2023?
XRP investors are optimistic about a more successful year for Ripple, especially after Judge Torres ruled against the SEC in the ongoing lawsuit filed against XRP.
By all indications, Ripple Labs looks very likely to win the case. This latest development is driving positive market sentiment, with some analysts predicting Ripple (XRP) to reach $1 once the lawsuit is concluded in favor of XRP.
XRP is the native token of Ripple, which is a blockchain payment solution that aims to improve cross-border transactions. Ripple’s (XRP) payment network offers fast, secure, and low-cost payment services across international borders.
XRP facilitates real-time payment settlements for different currencies. With more adoption and collaboration with other mainstream companies, XRP is definitely set to explode in 2023 and beyond.
Collateral Network (COLT) Set to Make 35x Gains in the Presale
Both Cardano and XRP look likely to go bullish. However, Collateral Network, which aims to revolutionize the crowdlending sector, is set to outdo both ADA and XRP. Collateral Network is a new project, a blockchain-based Web3 peer-to-peer lending platform.
Unlike traditional lending institutions, Collateral Network connects borrowers to lenders in a unique and innovative way. It allows borrowers to unlock liquidity using physical assets as collateral on the blockchain. These physical assets can include properties, vintage cars, jewelry, watches, and fine wines, among others.
Collateral Network actually mints NFTs against the real value of the borrower’s physical asset on a ratio of 1:1. The NFTs are fractionalized into smaller bits, which allow multiple lenders to fund the same loan by purchasing fractions of the NFT. Lenders receive a weekly passive income in return.
Therefore, Collateral Network is set to revolutionize the lending industry as it provides a better alternative since borrowers no longer need to sell their valuable items when they need urgent cash, and it democratizes access to an industry that is estimated to be worth $4.5 trillion.
For security, Collateral Network has been audited by SolidProof and Interfi Network, and its team has been fully doxxed. Liquidity will also be locked for three years after the presale phase.
COLT token holders enjoy many benefits, such as platform fee discounts, low-interest rates, discounts on trading fees, access to auctions of distressed items, and staking rewards. Therefore, the token is not exempt from use cases.
Currently, Collateral Network is in its presale phase, and COLT tokens are currently available for just $0.014, following a 40% increase from its original price of $0.001. With analysts predicting the price of COLT to appreciate by 3500% before the end of the presale and by 100x once it hits major exchanges, this is the best time to acquire your COLT tokens.
Find out more about the Collateral Network presale here:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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