Twitter recently got a new logo, and even small instances like this mark how rapidly traditional industries have begun adopting blockchain and its potentialities. ApeCoin (APE) and EOS (EOS) look bullish. Still, analysts continue to highlight the enormous upside potential of Collateral Network (COLT) as it challenges the current status quo of lending within DeFi.
ApeCoin (APE) Continues to Push Web3
ApeCoin (APE) recently partnered with Ledger to provide educational workshops for newer investors covering security basics. ApeCoin (APE) remains one of the largest DAOs in the space and continues to fund projects which aim to push Web3 forward. ApeCoin (APE) is a governance token and the medium of exchange within the Ape economy.
ApeCoin (APE) has not stopped building nor funding, and with the runaway success of Yuga Labs- responsible for the Bored Ape Yacht Clun from which ApeCoin (APE) takes its branding- the general trajectory for ApeCoin (APE) looks solid in the next twelve months.
Price predictions from analysts forecast ApeCoin (APE) trading between $7.85 and $9.41 in 2024, a decent move up from ApeCoin’s (APE) current price of $4.34.
EOS (EOS)- A Potential Revival
Traders have begun bidding EOS (EOS) based on a narrative that may see developers returning to the EOS (EOS) ecosystem. EOS (EOS) was part of the alternative layer ones, often referred to as Ethereum (ETH) killers in the last cycle and introduced new levels of scalability through its delegated proof of stake consensus mechanism.
EOS (EOS) recently rolled out a testnet for the EOS (EOS) Ethereum Virtual Machine (EVM), and by integrating Solidity functionality, EOS (EOS) will be able to draw from the vast pool of developer talent that is currently building on other EVM-compatible blockchains.
EOS (EOS) suffered like the rest of the alternative layer ones during the bear market as capital fled down the risk ladder towards more secure investments. However, EVM compatibility paired with EOS’s (EOS) incredible throughput has attracted traders, and EOS (EOS) has already gained nearly 9% this week.
Collateral Network (COLT) Reimagines Lending
Collateral Network (COLT) highlights how far DeFi has come since its inception and will change the status quo of lending within crypto. Until now, DeFi lending has been dominated by crypto-specific over-collateralized loans. Collateral Network (COLT) unlocks the liquidity of real-world assets and brings off-chain assets on-chain.
Asset owners can use Collateral Network (COLT) to access liquidity for assets such as real estate, fine art, vintage cars, luxury watches, rare whisky, etc. Collateral Network (COLT) enables this through minting NFTs 100% backed by the asset in question, which the holder can then leverage to access global liquidity.
Lenders on the platform can earn passive income through weekly interest payments, and holders of the COLT token will gain trading fee discounts on the marketplace (lenders), reduced interest rates (borrowers), and, most excitingly, access to the auctions with the chance to purchase distressed assets at below market price.
This aggressive challenger lender has colossal upside potential, given that it onboards a huge amount of value on-chain and has already raised more than $450,000 in its initial presale stage. Analysts predict 3,500% gains by the end of the presale and then another explosion upwards for COLT when it lists on major centralized exchanges.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.