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Uncertainty is slowly creeping into the cryptocurrency scene after a solid start to the year. Recent pullbacks raise serious questions about whether the market has turned the page after last year’s steep selloff. Yet, despite the growing fears, Shiba Inu (SHIB), VeChain (VET) and Collateral Network (COLT), in its presale phase with a token price of $0.014, are some projects poised to explode in 2023.
>>BUY COLT TOKENS NOW<<
Collateral Network is a game-changing Web3 crowdlending project that seeks to enhance the ability to secure loans against physical assets on the blockchain connecting lenders and borrowers without countless intermediaries.
This is achieved using NFT and blockchain technology. When a borrower wants a loan and sends in an asset, the platform mints a NFT against the borrower’s physical asset and then fractionalizes it. The NFT is minted on a 1:1 ratio to the value of the physical asset. Collateral Network uses AI technology to determine the value of the assets used in minting the NFT and the loan interest rate.
Then, lenders buy NFT fractions to provide funds to the borrowers. In return, borrowers pay a fixed interest rate to the lenders for buying fractions. This methodology allows lenders to generate a diversified portfolio of fractionalized loans.
Market analysts have estimated that the price of the token could grow by as much as 3000% during the presale. With the current price of COLT only $0.014, this represents a bargain.
VeChain (VET) is one of the most critical projects poised to play a significant role in the business world. VeChain (VET) offers an enterprise supply chain product that
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