Axie Infinity (AXS) and Enjin Coin (ENJ) are some of the most watched tokens of this year as they are top contributors to crypto mass adoption.
COLT, a recently emerged project, has become a prominent topic among leading analysts. This project is a challenger lender within the crypto industry, currently in its first stage of the presale, and is expected to grow by 3,500% in the next period.
Collateral Network (COLT) & Lending 3.0
Collateral Network (COLT) is a revolutionary crypto project that is changing the way credit markets operate. With its blockchain-based platform, COLT has created the world’s first challenger lender, enabling individuals to access cash backed by their physical assets anywhere in the world with ease.
For instance, an individual can secure a short-term loan against their artwork or collectibles by creating non-fungible tokens (NFTs) backed by these assets. These NFTs can then be fractionalized, allowing anyone to become a lender and earn passive income.
COLT is the native token that powers the Collateral Network (COLT) ecosystem, facilitating easy borrowing and lending. Token holders that are borrowers enjoy discounts on borrowing fees and interest, while lenders enjoy discounts on trading fees in the marketplace.
Moreover, all COLT token holders can stake their tokens to receive passive income. COLT functions as a governance token, providing holders the right to vote on crucial decisions.
While the presale price of the COLT token is $0.01, experts predict that the token will significantly increase in value, by 35 times over the coming months, reaching a staggering estimated value of $0.35 per token.
Axie Infinity (AXS) Bulls Are Relentless
Axie Infinity (AXS) is a blockchain-powered gaming platform that enables users to collect, trade, and engage in battles with virtual creatures referred to as Axies. The platform leverages the Ethereum network to power its game mechanics, providing players with an engaging and distinctive gaming experience.
Axie Infinity (AXS) also incorporates NFTs (non-fungible tokens), which serve as digital ownership certificates for each Axie that can be bought and sold across different marketplaces.
The game’s visual appeal, creative battle system, and social elements have contributed to its widespread popularity in the cryptocurrency space. Axie Infinity (AXS) provides a unique proposition for those interested in online gaming while also enabling them to earn returns. Some expect AXS to rise above $11 in 2023, but selling pressure could push the token below $8 before this happens.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a digital asset that aims to enhance the DeFi (Decentralized Finance) space by equipping developers with a wide range of tools necessary for creating virtual economies.
Among the many offerings provided by Enjin Coin (ENJ) are payment gateways, development kits, and virtual wallets. Furthermore, the platform offers virtual management applications that enable developers to oversee their projects from a broader perspective.
While Enjin Coin’s market share has been declining in the last months, DeFi and the NFT space are on the rise among broader adoption. The project has yet to fully develop, which is why some believe it is one of the top tokens of this year with great potential for growth.
Summary
Collateral Network (COLT) is a smart long-term investment, as it offers a convenient and cost-effective way to borrow against physical assets. It could potentially disrupt the market and emerge as one of the leading cryptocurrency projects in 2023, along with other top coins like AXS and ENJ.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
