Best Altcoins to Buy In 2023? Flow (FLOW) and Collateral Network (COLT) Are On The Market
As 2023 begins, investors are looking for worthwhile projects to invest in. Flow (FLOW) is a crypto that has seen both price rises and falls, whilst Collateral Network (COLT), according to experts, will be the next crypto giant with a projected 35x surge within the next six months.
Flow (FLOW) is a decentralized platform developed by Dapper Labs (the company behind the popular cryptocurrency and blockchain-based collectible game; CryptoKitties) that aims to enable the creation and execution of smart contracts and decentralized applications (DApps) with the main focus of Flow (FLOW) being on scalability and performance.
Flow (FLOW) uses sharded architecture and a consensus mechanism called “proof of stake with proof of history” to enable high transaction speeds and low fees. Flow (FLOW) uses a language called “Cadence,” which is specifically designed for building smart contracts and DApps on the platform.
Demonstrating its high potential for real-world adoption in 2022, Flow (FLOW) has seen strong market performance and received positive attention from the cryptocurrency community. The Flow (FLOW) team behind its innovation includes former executives from companies such as Google, Twitter and Visa, and has partnerships with major players in the gaming industry. This level of experience and expertise will play a large role for the long-term success of Flow (FLOW).
Flow (FLOW) is consistently ranked highly on popular market tracing websites and has gained the support of influential figures in the blockchain space and with its projected rise being very high, 2023 is looking good for early Flow (FLOW) investors!
Collateral Network (COLT)
Collateral Network (COLT) is the world’s first challenger lender that is making it easy for borrowers around the world to unlock cash from their physical assets on the blockchain.
Collateral Network (COLT) borrowers will be able to use their physical assets to release cash without needing to sell their assets or jump through multiple hoops and ticking boxes to receive the cash needed.
Collateral Network (COLT) is also the world’s first crowdlending platform for NFTs. Crowdlending is an initiative in which investors can provide fractional loans to borrowers for an agreed fixed rate of interest against NFTs which are backed by the physical assets.
Collateral Network (COLT) is the first project that is minting NFTs against physical assets, digitally using blockchain and NFT technology.
Some of the benefits of Collateral Network (COLT) include privacy in that you can borrow against your assets discreetly without leaving a footprint on your credit file. All contractual information is stored in the metadata of the NFT and on the public blockchain which cannot be altered or changed. The NFT that investors lend funds against is backed 1 to 1 by a real world asset. Borrowers can bow against their assets at competitive rates with flexible terms. The speed at which you can receive cash from your physical assets is 24 hrs or less, making it one of the fastest in the crypto space. Every week, lenders receive a fixed income agreed upon by the parties involved.
Collateral Network (COLT) is currently in the first phase of its public presale where only 50% of the 1.4 billion tokens will be available. The current price for a Collateral Network (COLT) token is $0.01 but is predicted to surge by 35x in the next 6 months, impressive to any investor looking for investment.
Find out more about the Collateral Network presale here: