Why Are Crypto Experts Watching These 3 Cryptocurrencies: Collateral Network (COLT), Kusama (KSM), and Sushi Swap (SUSHI)

Cryptocurrency enthusiasts and experts are keeping a close eye on three cryptocurrencies: Collateral Network (COLT), Kusama (KSM), and SushiSwap (SUSHI). In this article, we will delve into the features and potential of each of these cryptocurrencies, focusing mainly on Collateral Network, which aims to revolutionize the peer-to-peer lending industry with its unique approach.

>>BUY COLT TOKENS NOW<<

Kusama (KSM)

Kusama (KSM) is a scalable, multi-chain network for radical innovation, often called the "canary network" for Polkadot. It serves as a testing ground for projects and developers looking to deploy on Polkadot, allowing them to experiment and refine their projects before launching on the more robust Polkadot network. 

In addition, Kusama (KSM) offers several benefits, which include quicker governance and upgrade procedures, simple technicalities for developers and project onboarding, seamless integration, and a strong community for developers and validators supporting the network.

Recently, Kusama (KSM) gained significant attention in the blockchain world due to its unique position as a testing ground for projects and its close relationship with Polkadot. As a result, $KSM has become an essential asset for investors seeking exposure to projects on both networks and those who want to participate in the network's governance.

SushiSwap (SUSHI)

SushiSwap (SUSHI) is a decentralized cryptocurrency exchange (DEX) built on the Ethereum blockchain. It employs an automated market-making (AMM) model, allowing users to trade cryptocurrencies without needing an order book, thus providing a more seamless and efficient trading experience.

As a decentralized blockchain network, SushiSwap (SUSHI) prides itself on the following features such as a community-driven and governed structure, support for multiple liquidity pools and trading pairs, opportunities for users to engage in yield farming and staking, and seamless integration with various blockchains, including Ethereum, Binance Smart Chain, and Polygon.

SushiSwap (SUSHI) is rapidly becoming one of the prominent players in the DeFi ecosystem, owing to its intuitive user interface, cutting-edge capabilities, and unwavering emphasis on decentralization. SushiSwap's (SUSHI) proprietary digital asset, $SUSHI, has also garnered substantial attention from the cryptocurrency community for its prospects of value increase and staking rewards via yield farming, making it a decent investment choice.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT)

Collateral Network (COLT) is a web3 peer-to-peer lending platform that enables users and SMEs to borrow cryptocurrencies against physical assets on the Ethereum blockchain. The platform combines blockchain and NFT technology to facilitate borrowing against alternative assets, including real estate, fine art, vintage cars, gold, fine wines, watches, diamonds, and collectibles. 

On Collateral Network (COLT), users can mint fractionalized NFTs backed by tangible real-life assets to crowdfund loans needed by other community members. All borrowing terms are recorded securely on the blockchain, ensuring fairness and transparency.

Collateral Network simplifies the borrowing process by allowing borrowers to send their physical assets to the platform for authentication and valuation. Once authenticated and valued, the asset is stored in Collateral Network's vault, and an NFT representing the asset is minted and fractionalized. 

Investors can then lend funds against these fractionalized NFTs at a fixed interest rate over a specific period. Borrowers repay the principal loan and interest, after which the NFTs are burnt, and the physical asset is redeemed from the vault.

Interestingly, crypto analysts have predicted a 3,500% (35x) price increase for the Collateral Network's token during the presale, which is currently ongoing. It is also expected to surge by 100x when listed on major exchanges. As the world's first asset-backed lending marketplace for real-world assets on the blockchain, Collateral Network is poised to disrupt the pawnbroking industry and reinvent peer-to-peer lending.

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

Comments

Post a Comment

Popular posts from this blog

XRP Futures Open Interest Surpass $1.1 Billion in 24 Hours

Image
XRP made notable strides in the crypto market, leading to substantial gains. Within the last 24 hours, open interest on futures contracts linked to XRP exceeded $1.1 billion. This achievement marked another milestone, surpassing the $1 billion mark set the previous week and establishing a new record high for the year. Open interest is the number of unsettled futures contracts. This has experienced a 21% increase since earlier this week. Among these positions, the largest share of about $459 million is held on the crypto exchange Binance. Bybit was next in line at $304 million and Bitget followed suit with $263 million. Source A higher open interest indicates a surge in investments or bets on various assets. This signifies the influx of new funds into the financial market. Typically, this suggested an expectation for the current trend to persist. In parallel, the price of XRP experienced an astonishing surge of 67.42% in the past few days. At press time, the altcoin was trad...
Read more

Analyst Predicts Trends Using Whales’ Onchain Borrowing Data

Traders can tell when whales go long by monitoring the Aave/Compound stablecoin borrowing pattern, according to The Data Nerd, an onchain data analyst. According to the analyst, four whales have used this strategy in the last 24 hours. Quick tip: Monitoring Aave/Compound stablecoin borrow can tell you when whales go long. We have created a @DuneAnalytics dashboard for you to easily follow this behavior. So far we have noticed 4 whales using this strategy since yesterday pic.twitter.com/RTwZ8LyWCL — The Data Nerd (@OnchainDataNerd) April 23, 2023 In a Twitter thread, The Data Nerd explained that similar to using margin or leverage on centralized exchanges (CEX), whales would go long by borrowing stablecoin using Aave or CompoundFinance. They would follow this up by using the amount to buy assets on decentralized exchanges (DEX) or to deposit to CEX. They repeat the cycle and use it as a profitable system in the cryptocurrency market. By monitoring the action of w...
Read more

US prosecutors outline jury instructions for SBF’s trial

US prosecutors have submitted their proposed instructions to the jury for the upcoming trial of FTX co-founder Sam Bankman-Fried, set to begin in October. The detailed 100-page filing, dated Aug. 21, outlines how the prosecutors wish Judge Lewis Kaplan to guide the jury in Bankman-Fried’s case. The instructions are based on previous guidance the New York district judge has provided in other cases. Bankman-Fried faces seven charges, including fraud, money laundering conspiracy, wire fraud, commodities fraud, and securities fraud. The filing breaks down each charge, suggesting how Judge Kaplan should present the allegations, the burden of proof required for a guilty verdict, and the evidence related to each charge. The document also includes proposed guidelines for how the jury should assess the evidence, deliberate, and conclude each count. While such proposals are standard in criminal trial s, the final decision on jury instructions rests with Judge Kaplan. The former FTX c...
Read more