In this article, we will explore VeChain (VET), Hedera (HBAR) and Collateral Network (COLT) as three of the top long-term cryptocurrency opportunities for 2023.
The cryptocurrency market is full of opportunities and offers the community a wide range of options. In this article, we will explore VeChain (VET), Hedera (HBAR) and Collateral Network (COLT) as three of the top long-term cryptocurrency opportunities for 2023. Collateral Network (COLT) is a rising star expected to net over 3500% returns from its initial $0.01 presale price. At the same time, VeChain (VET) and Hedera (HBAR) are more established tokens in the cryptocurrency space.
VeChain (VET)
VeChain (VET) is a blockchain-based platform that enables manufacturers and consumers to track the authenticity and history of products. It helps to improve supply chain management and combat counterfeiting. VeChain (VET) uses blockchain’s distributed ledger technology to securely store and manage data related to product life cycles.
VeChain (VET) has its native currency, VET, that powers the VeChain (VET) platform and is used to facilitate transactions on the VeChain (VET) blockchain. VeChain (VET) can be traded for other cryptocurrencies and is a decentralized digital asset that pays for goods and services. As the VeChain (VET) platform grows, the value of VeChain (VET) is expected to increase. At the time of writing, VeChain (VET) is currently trading at $0.02326 with a market cap of $1.6 billion.
Hedera (HBAR)
Hedera (HBAR) is a blockchain-based distributed ledger technology that aims to be faster, more secure and more efficient than existing blockchain networks. Hedera (HBAR) is a public platform that is open to anyone and does not require permission to access, use or build on the Hedera (HBAR) source code. Hedera (HBAR) enables developers and coders to build decentralized applications (dApps) that are lightning-fast, unshakable and fair to use.
At the moment, Hedera (HBAR) is trading at $0.06304 and is down from its all-time high. The market cap of Hedera (HBAR) is $1.9 billion, and it’s currently ranked 33 on CoinMarketCap. Some of the top names in the blockchain space, such as Tata Communications, Blocktower Capital and Visary Capital, have also backed Hedera (HBAR).
Collateral Network (COLT)
Collateral Network (COLT) is the world’s first DeFi asset-backed lending marketplace for real-world assets. The project enables a lender to provide a physical asset to go through authentication and be held in a vault where a NFT would be minted of the asset. This asset-backed NFT will then be fractionalized allowing investors to buy into the fractions of the NFT at a set rate of interest over an agreed timeframe. The investor would, as a result, pay off the loan provided for the asset, and upon completion, the NFT burned and the asset returned to the lender with the funds obtained.
Collateral Network (COLT) is built on the Ethereum (ETH) blockchain and has multi-chain capabilities to bridge onto additional blockchains. The audit of the smart contract for Collateral Network (COLT) has been successful, and the presale has begun.
The initial starting price for COLT is $0.01, while analysts predict a 35x surge in the price within the next six months. Only 50% of the total supply of 1.4 billion COLT tokens will be available for the presale, and for the next 33 years, the liquidity pool will be locked. The Collateral Network (COLT) marketplace will also have a VIP-members club for presale buyers. The VIP club will grant you access to private auctions and give out many more perks.
COLT holders can also benefit from numerous special offers when spending their tokens. While lenders profit from lower trading costs in the marketplace, borrowers profit from lower borrowing fees and interest rates. Users can generate passive income by staking their Collateral Network (COLT) tokens. And lastly, Collateral Network (COLT) holders will hold the potential to vote on important project advancements.
Find out more about the Collateral Network here: Website, Telegram, Twitter.