Place/Date: - May 28th, 2023 at 11:55 am UTC · 3 min read
Source: Collateral Network
If you are wondering which tokens are worth investing in, you may need to look at Render Token (RNDR), Litecoin (LTC), and Collateral Network (COLT).
Both Litecoin and Render Token show great potential but Collateral Network could surpass them with its projected 3500% gains in the first stage of presale. Here is why!
Render Token is a good token to consider this month given its current performance and the utility it provides in the graphic rendering industry. Render Token provides computing power and image-rendering services to artists and studios.
RNDR, created by a graphics company known as OTOY, was launched in 2017. The Render Token network is open to all users. RNDR has been in the news lately after it was listed on Coinbase.
According to recent reports, RNDR is one of the best performing cryptocurrencies in 2023. The price of RNDR has skyrocketed by over 285% in just a few months.
In April, Render Token appreciated by more than 61%. At present RNDR is trading at $1.70 after a slight drop in the last few days. Analysts are optimistic that the price will correct and reach the $2.39 level again in the next few days.
Litecoin is one of the most popular and oldest cryptocurrencies in the world. Litecoin has however experienced a price drop this month despite its highly anticipated halving event scheduled for August 3 this year.
Litecoin was launched as a fork of Bitcoin (BTC) to overcome some of the limitations that users faced on the BTC chain. Litecoin provides faster transaction speeds and lower gas fees than Bitcoin.
As one of the oldest cryptos, Litecoin also enjoys the support of a large community of cryptocurrency users. But Litecoin has dropped from this year’s highs of over $100 and is now trading at $81.33 at the time of writing.
Investors are nevertheless optimistic about Litecoin hitting the $100 mark as we head to the much-awaited halving event. The prospects are looking great for Litecoin but savvy investors are now turning to more promising projects such as Collateral Network.
Collateral Network is a new decentralized lending platform that is set to surpass both Litecoin and Render Token with 3500% gains. The rapid growth of Collateral Network can be attributed to the practical utility it serves in the crowdlending industry.
Thanks to Collateral Network, borrowers can unlock the liquidity of their physical assets and use it as collateral to borrow funds from lenders on the same platform. Tangible assets that can be used as collateral include jewelry, vintage cars, luxury watches, real estate, and art among others.
Collateral Network mints NFTs against the value of the physical assets. The NFTs are fractionalized to enable multiple lenders to fund the same loan in small amounts. The lenders in return benefit from fixed-interest income paid every week.
The Collateral Network token is set for significant growth in the asset-backed lending industry which is expected to be worth more than $1,721.38 billion by 2031. Analysts predict the price to reach $0.35 by the end of the presale from the current $0.014 price, which means this is a great time to buy the tokens before the price goes up 35x.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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