There’s growing optimism in the crypto industry that Collateral Network (COLT) is poised to outgrow some unimpressive projects such as Near Protocol (NEAR) and The Graph (GRT).
In this review, we beam our searchlight on COLT, GRT, and NEAR to give prospective investors an insight into these projects.
NEAR Protocol (NEAR) crashes amidst a bearish market
The NEAR Protocol is a unique cloud computing platform run by the community. The layer-one blockchain addresses three of the major challenges of Blockchain technology: low throughput, low transaction speeds, and poor interoperability.
The NEAR coin is sold at a live price of $1.86 per coin, depreciating by 1.58% in 24 hours and a little under 91% since January 16, 2022. NEAR also recorded a trading volume of over $60.4 million within the time frame.
The native utility token, NEAR, boasts a live market cap of approximately $1.7 billion, a circulating supply of over 893 million NEAR coins, and a maximum supply of 1 billion NEAR coins. Investors can trade NEAR Protocol at some top cryptocurrency exchanges such as Deepcoin, Binance, Bitrue, Coinbase, and others to fill the gap. Check out our in-depth Deepcoin review for detailed insights and information.
The Graph (GRT) loses steam
The Graph is an indexing protocol used to query data for networks such as IPFS and Ethereum and thus powers several applications in the Web3 ecosystem and decentralized finance (DeFi).
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At a live price of $0.133564, crypto investors bought over $31.9 million worth of the GRT token in the last 24 hours as the token depreciated by 2.68 during that time. GRT has a live market cap of $1.2 billion and a circulating supply of over 8.9 billion GRT coins.
Although it has lost 95.35% of its value since February 1, 2021, GRT is available for purchase on CoinW, Bybit, Binance, Bitrue, OKX, and several other notable cryptocurrency exchanges.
Collateral Network (COLT) presale gains new spark
Collateral Network is a pioneering crowdlending platform where borrowers can unlock liquidity from their physical assets. Assets are transformed into NFTs and fractionalized, allowing multiple lenders to fund a given loan.
In a nutshell, borrowers can access funds without credit checks and other red tape processes, whereas lenders can become their own mini banks and earn passive income.
The team explained that its mission is to give everyone easy access to loans regardless of who they are. According to the team, “Collateral Network is revolutionizing the financial world, opening long-term wealth generation to anyone by increasing access to financial opportunities and giving users greater control over their assets. Anyone can easily access loans against assets, no matter where they are located.”
The innovative blockchain platform allows users to borrow against real estate, cars, fine art, luxury watches, fine wines, and rare whisky. Some of the problems Collateral Network solves include transparency, liquidity, flexibility, and credit accessibility.
The utility token is COLT which is currently in the first presale stage. Since the presale was launched, COLT has gone from strength to strength as it appreciates consistently while attracting investors from across the globe. It is currently valued at $0.014 and is predicted to reach $0.35 once released on major exchanges.
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COLT token holders are also entitled to several incentives, such as governance rights to contribute to decisions regarding the project, an opportunity to stake their tokens to earn passive income, and the opportunity to unlock several utilities in the ecosystem.
For more information on Collateral Network, visit the website, join the presale, or join the community for regular updates.
