While these two crypto titans compete, Collateral Network (COLT) is slowly gaining traction, with price estimates suggesting it will offer returns of 3,500% in the coming months.
Does Bitcoin (BTC) Utility Undermine Its Value?
Bitcoin (BTC) is often treated like commodities such as silver and gold. Instead of being used for tangible purposes, it’s held as a hedge for riskier investments. As a result, its value could actually decrease in the future due to the nature of the crypto market.
The crypto market is different from traditional investing. The fastest growing and most valuable assets are those that offer great applications throughout the DeFi space, which currently, Bitcoin (BTC) lacks.
Given its lack of utility alongside its widespread monopolization, Bitcoin (BTC) could one day be overtaken by alternative DeFi projects and blockchains that are pushing the boundaries of DeFi technology.
Litecoin (LTC) Is An Affordable Bitcoin Alternative
Litecoin (LTC) is significantly more affordable than Bitcoin (BTC) with one Litecoin (LTC) being worth $83.31. Litecoin (LTC) is also significantly easier to trade than Bitcoin (BTC), with lower fees and faster transaction times.
Although it lacks the same price tag as Bitcoin (BTC), the Litecoin (LTC) Foundation is looking to make DeFi greener, which could influence the entire DeFi market.
Litecoin (LTC) recently announced that it will be partnering up with the leading wealth management company Metalph Technology Holding Ltd (MATH). Metalph has industry-leading knowledge when it comes to advising financial companies, and plans to help Litecoin (LTC) pioneer sustainable mining activity.
Should Litecoin (LTC) successfully offer mining alternatives that use renewable energy and produce lower carbon emissions, it could one day rival Bitcoin (BTC) mining which is dominated by a few large projects.
Collateral Network (COLT) Could Outperform Bitcoin (BTC) And Litecoin (LTC)
Collateral Network (COLT) is a new DeFi presale that could offer better returns than both Bitcoin (BTC) and Litecoin (LTC). Given their high price barriers, it’s unlikely that either project will double or triple in price any time soon. Collateral Network (COLT) on the other hand is expected to rise in value by 35x its current price in the next few months.
Collateral Network (COLT) is the first decentralized crowdlending platform that lets borrowers unlock cash from their physical assets using its cross-chain network. Using the Collateral Network (COLT) ecosystem, borrowers can receive loans using assets such as cars, real estate, and art by creating NFTs backed by their physical assets.
Each asset-backed NFT is then fractionalized for crowdlenders, who will offer their capital for a fixed interest rate. All transactions are confidential and completely secure, with contractual information being stored on a public blockchain.
To provide peace of mind for early investors, COLT token liquidity has been locked for 33 years to prevent a rug pull and the Collateral Network (COLT) smart contract has also been successfully audited. COLT holders are eligible for staking, governance rights, discounts, and access to exclusive VIP groups.
Collateral Network (COLT) tokens are currently being sold for $0.01 during stage one of the projects presale, however analysts expect that this increase by up to 3500% due to Collateral Network (COLT)’s incredible real-world use cases.
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