NEAR is up by 7.5% this month, even after a retracement that follows the wider market. NEAR Protocol (NEAR) has lots of interesting collaborations and are easy to build upon, suggesting growth in NEAR price.
Meanwhile, Collateral Network (COLT) is a new lending and borrowing platform that allows anyone to unlock if liquidity from there it’s valuable op assets. With a hi revolutionary business model and predictions of huge 35x growth, let’s see why the markets are getting excited about this new altcoin.
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What will the price of NEAR Protocol (NEAR) be in 2023 and V?
PCryptoNewsZ suggests that NEAR gas Protocol (NEAR) is expected to hover around an average of $3.34 for the whole year; at the time of writing it is trading at around $2.16. Come 2025, CryptoNewsZ believes we can anticipate decent growth with the NEAR Protocol (NEAR) token hitting a peak price of $7.79 and a floor value of $5.41. Their analysis also suggests that by 2030, the NEAR Protocol (NEAR) price will trade between $19.77 and $28.47, with an average of $24.
DigitalCoinPrice is also forecasting a bullish run for NEAR Protocol (NEAR), with a projected increase of 263.30% to reach a value of $8.27 by the end of 2025.
All technical indicators point towards a positive sentiment from NEAR Protocol (NEAR), however CFGI.io has a much more bearish stance with 36% towards fear and the only positive indicators being a lot of social volume and search volume. This indicates that there is a lot of hype around NEAR Protocol (NEAR) now but the fundamentals may not be able to back it up.
Positive real world developments that may affect the price of NEAR Protocol (NEAR) include the fact that they have just released the alpha of their Blockchain Operating System, the first of its kind and something that aims to be a game changer for ease of usage and development on the blockchain.
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What is the new altcoin?
COLT is the native token of Collateral Network (COLT), a decentralized borrowing and lending platform, that does away with the need for credit checks and other formalities by using the security of a digitized asset.
The digitization of assets using NFTs is one of the most exciting use cases of NFTs, especially as they can be fractionalised and sold to many investors. Jewelry, cars and fine art are all examples of physical assets that can be minted into NFTs through Collateral Network (COLT).
As NFTs are tamper proof, all important info is stored within its metadata, making them suitable to represent equity and assets. This allows seamless crowdlending and this is the model that Collateral Network (COLT) is using and building excitement with.
What are the most important benefits of Collateral Network (COLT)?
Collateral Network (COLT) benefits for Lenders:
- Fixed passive income paid weekly.
- Backing of NFT by physical assets for added security.
- Repossession of assets in case of borrower default.
Benefits for Borrowers:
- Fast turnaround time for accessing cash.
- Borrowing against a wide range of assets without leaving a credit file footprint.
- Transparent contractual information stored on the public blockchain.
- Competitive rates with flexible terms.
- Borrowing available regardless of location.
What are the benefits of the Collateral Network (COLT) token?
Benefits for Collateral Network (COLT) token holders:
- Early token holders have access to distressed asset auctions where they can get things at below market prices.
- The price of COLT is predicted to rise to $0.35 post presale.
- Analysts expect that COLT will rise by as much as 100x once listed on exchanges.
- Governance rights allowing the community to influence the future of the project.
Discounts:
- Two types of discounts are available.
- Borrowers who are also token holders can use the token to get discounts on borrowing fees and interest.
- The more tokens held by borrowers, the lower their interest rate.
- Lenders who are token holders can use the token to get discounts on trading fees in the marketplace.
- The higher the number of tokens held by lenders, the higher the discounts on fees.
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Conclusion
NEAR Protocol (NEAR) has good fundamentals and a team and ecosystem that is keen on making blockchain development easier while improving the UX.
Whereas, Collateral Network (COLT) is a new entrant to the market that has the potential to outshine more established projects due to its small market cap and the fact that Collateral Network (COLT) is in presale. If the crypto experts are correct then COLT may see over 3500% gains.
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
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