The bear market continues with no signs of slowing down. But don't worry, there are still some gems to be found in the cryptocurrency market. Collateral Network (COLT), Ethereum (ETH) and VeChain (VET) are three such gems. With COLT available at $0.01 during Phase 1 of the pre-sale, this could be the perfect time to get involved..
Collateral network (COLT)
Collateral Network (COLT) is pioneering the crowdlending industry with a platform that uses non-fungible tokens (NFTs) to represent digital assets. These NFTs are used as collateral to secure loans. Finally, borrowers can get the cash they need without having to beg banks for a loan.
By minting NFTs as collateral, the Collateral Network (COLT) enables installment loans that broaden the lending market. Collateral Network (COLT) also helps create a more secure, transparent and efficient lending system that bridges the traditional and digital economies.
The advent of the Collateral Network (COLT) means that anyone can become a lender, even if they have a small amount of capital. For borrowers, it means they can access funds quickly and without all the hassle of traditional financial institutions. In fact, they should receive cash within 24 hours of approval.
COLT is the fuel that powers the Collateral Network (COLT) platform, and Collateral Network (COLT) tokens are available at discounted prices during Phase 1 of the pre-sale. With the opportunity to change the crowdfunding market, now is the perfect time to get involved, with experts predicting a 35x increase in the price of Collateral Network (COLT) during pre-sale..
Ethereum (ETH)
Created by Vitalik Buterin, Ethereum (ETH) is an open source decentralized blockchain platform with smart contract functionality. It acts as the backbone of most crypto projects, which is why it has a market capitalization of over $140 billion.
Despite losing 75% of its value since its peak in 2021, Ethereum (ETH) remains the go-to blockchain for developers and organizations. The recent release of Ethereum (ETH) 2.0 should further improve scalability and performance, making it the leading blockchain for the future.
If Ethereum (ETH) can implement its shard scaling solution, Plasma, more traditional institutions are expected to look to the Ethereum (ETH) platform for their blockchain-based solutions. Buying Ethereum (ETH) around the $1,000 level might make sense, especially as analysts predict that Ethereum (ETH) will reach $10,000 within five years.
VeChain (VET)
VeChain (VET) is a Layer 1 blockchain platform built for enterprise use cases. It is powered by a Proof of Authority (PoA) consensus algorithm and provides advanced smart contract functionality with the VeChainThor blockchain.
VeChain (VET) is already being used by various business organizations including BMW and Walmart China. This is indicative of the ability of the VeChain (VET) platform to provide real-world solutions to companies in a variety of industries. With its ambitious roadmap and partnership with DNV GL, VeChain (VET) could be one of the best when the bear market subsides.
VeChain (VET) is currently priced at $0.016, down 94% from the all-time high of $0.2782 in April 2021. As such, even a 1000% gain from current prices would not lead VeChain (VET) to a all-time high, which means that this is an excellent time to invest in VeChain (VET).
Learn more about the Collateral Network pre-sale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
