Place/Date: - March 1st, 2023 at 5:28 am UTC · 4 min read
Source: Collateral Network
Although Stellar’s 2023 roadmap contains the mainnet launch of Soroban, XLM has been trading sideways, and the downtrend continues, showing no sign of strength yet. VeChain (VET), sadly, is in no better position. Despite the project announcing the second phase between the Vechian Foundation and [email protected] Capital PLC, which involves linking digital assets to the real economy, investors turn to other projects such as Collateral Network (COLT) instead. In fact, Collateral Network (COLT) is getting so popular analysts now predict its tokens to surge over 3,500%.
The Stellar blockchain showed healthy metrics in 2022, yet this didn’t result in positive price-action for Stellar (XLM) tokens, which are currently being traded for just $0,07, down 90% from their all-time high of $0,71 on the 17th of May 2022.
According to Stellar’s report, the network enjoyed a 73% increase in total assets and a 17% growth in total accounts, causing the total amount of Stellar Lumens (XLM) wallets to be just over 7 million. Stellar (XLM) also reported an increase of over 92% in transactions processed and a 176% increase in total payments.
Although some holders of Stellar (XLM) tokens set their hopes high on the project’s recent partnership with MoneyGram Access, the majority are seeking gains elsewhere, and on-chain data shows they are moving their funds to more promising cryptocurrency projects and digital assets.
The Blockchain enterprise specialist VeChain Foundation has entered the second project stage with its strategic partnership with [email protected] Capital PLC (SYME). Together, they have been building a first-of-its-kind Web3 Inventory Monetisation System since June 2022 that will leverage blockchain, stablecoin, and NFT technologies with VeChain (VET) as its native token.
Although the VeChain roadmap surely looks promising and includes things like digital ownership, B2B marketplaces, the issuance of NFTs, DeFi, and a built-in governance protocol, VeChain (VET) still manages to trade in a downtrend, currently changing hands at $0,015, down $0,155 from its recent high on the 9th of September 2021.
A small group of VeChain whales continues accumulating tokens ‘’at a bargain’’ whilst most VeChain holders are selling off and deploying their digital asset capital in other projects instead.
One of the projects both VeChain (VEN) and Stellar (XMN) investors are looking into is Collateral Network (COLT). COLT has gotten a lot of attention lately, and analysts predict its tokens to surge as much as 3,500% during the pre-sale.
Analysts have such high hopes for Collateral Network (COLT) because it is the world’s first crowdlending platform for NFTs that allows borrowers around the world to unlock cash from their physical assets on the blockchain. On the other hand, Collateral Network (COLT) allows users of its ecosystem to truly become their own banks and provide fractional loans to borrowers at an agreed fixed interest rate.
The Collateral Network (COLT) Marketplace will connect borrowers and investors, and token holders will gain access to collateral private auctions of distressed assets, which will be both physical and digital auctions in the metaverse. Investors can provide fractional loans to borrowers at a certain interest rate against NFTs, which are backed with real physical assets.
The total supply of Collateral Network (COLT) tokens is set at 1,400,000,000 (1,4 billion), and only 50% of the total supply will be available for the general public via the presale. The team’s tokens are locked for three years whilst the liquidity pool of the project is locked for 33 years. Because of this, no rug pull will take place, and early investors can rest assured that they are investing in a solid project built on the Ethereum blockchain that will later bridge onto additional blockchains.
Find out more about the Collateral Network presale here: Website, Telegram, Twitter.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.