The crypto world seems to be finding smoother ground after the rough year that 2022 has been. Two of its major players, Polkadot (DOT) and Chainlink (LINK), have shown signs of recovery so far, even though slowly. However, experts predict a bright future for both tokens and an even brighter one for Collateral Network (COLT), the sensational crypto newcomer.
While Polkadot (DOT) and Chainlink (LINK) investors are hoping for the best in the coming months, the newly formed crypto lending platform Collateral Network (COLT) continues to catch the eye. If the impressive success of its ongoing presale along with forecasted 35x returns is anything to go by, we may see Polkadot (DOT) and Chainlink (LINK) investors turning to the new kid on the block to solidify their profit chances.
Polkadot (DOT) Continues to Consolidate Its Gains
Polkadot (DOT) is a unifier-blockchain protocol that allows multiple blockchains to coexist in a decentralized ecosystem. Polkadot (DOT) launched in the crypto space in 2016 with the release of its whitepaper by founder Dr. Gavin Wood.
Wood had previously been reputed for his role in co-founding Ethereum and contributing to the development of innovative contract technology. In 2020, Polkadot (DOT) launched its web3-based Proof of Authority protocol before making a switch to Proof of Stake a few months later.
Polkadot (DOT) sparked a roar of excitement in the investor’s community when it hit an impressive $7.90 towards the end of February. Even though DOT later dropped by over 30%, the token continued an upward movement afterwards.
So far, Polakdot (DOT) has posted good numbers, with a greenish 47.02% return for the first quarter of 2023. Its price has risen by over 16% in the last month, with more green days (16) than red.
After surviving its worst-performing year in 2022, Chainlink (LINK) is forging ahead with significant gains in 2023. Chainlink (LINK) is a decentralized network that connects and manages smart contracts.
Chainlink (LINK) is an Oracle network built on the Ethereum blockchain and, as the name suggests, acts as a link between smart contracts and off-chain data. Chainlink (LINK)’s main net was launched in 2019, two years after its founders, Steve Ellis and Sergey Nazarov, pitched the idea for the project.
Things are looking good for Chainlink (LINK) in 2023. Its first-quarter return for the year is an impressive 36.11%, a welcome departure from the red 26.58% of the last quarter of 2022. Chainlink (LINK) only posted one green return throughout the previous year.
Chainlink (LINK) is promising a new era for 2023, and given the largely optimistic predictions for the year, investors finally have reasons to smile.
Collateral Network (COLT): An Awesome Opportunity to Cement Gains
Collateral Network (COLT) is gearing up to be the most exciting addition to the crypto industry in 2023. Collateral Network (COLT) is a first-of-its-kind web3-based crowdlending platform. Collateral Network (COLT) allows users to take loans with real-world assets as collateral. Such assets include real estate, gold, diamonds, high-end wines, whisky and more.
These assets are minted as NFTs, backed 1:1 by the asset, and fractionalized to facilitate crowdlending. This allows multiple lenders to fund the loan, granting them access to a fixed rate of interest paid weekly, as well as giving borrowers access to capital much faster.
Collateral Network (COLT)’s native token, COLT, is currently in stage 2 of presale with a price of $0.014. Having surged by 40% from its initial price of $0.01, COLT has seen significant attention due to the benefits it grants to holders of Collateral Network (COLT), such as staking, governance rights, and more. It’s time to get a slice of this cake now, with the token predicted to explode 35x in a few months due to the immense demand surrounding the token.
Find out more about the Collateral Network presale here:
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