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

September 29, 2023

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.

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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.

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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.