Based on what they bring to the table and their high growth potential, Stella (XLM), Filecoin (FIL), and Collateral Network (COLT) made the experts’ list of the best investment choices for 2023. Collateral Network (COLT) in particular, is set to reward investors with 35x gains.
What is Stellar (XLM) crypto
Stellar is an open-source, distributed, and public-owned blockchain network that enables asset transfers at a low cost. Stellar is designed to foster an unhindered flow of value around the globe. Stellar enables everyday people to send money anywhere affordably and quickly.
Recently, the Stellar blockchain launched the first U.S.-registered mutual fund to use public blockchain technology for transactions and share ownership. Franklin Templeton’s OnChain U.S. Government Money Fund is now available on the Stellar network through the Benji Investments app. This development will allow trillions of dollars worth of financial sector transfer volume to migrate to the Stellar network.
Stellar (XLM) is trading at $0.092, which is a 0.2% price increase in the past hour as of the time of writing.
What is Filecoin (FIL)?
Filecoin is a decentralized storage network that utilizes unused storage globally into an efficient storage market for users to pay for low-cost storage. Filecoin ensures file storage is permanent and distributed across the web.
Last month, Filecoin faced a major challenge of delay in block production which resulted in a loss of revenue for storage providers and reduced chain quality. But the Filecoin development team proposed a network upgrade that could fix the disruption.
Impressively, Filecoin announced the launch of its proprietary Filecoin Web Service (FWS), a cloud-based decentralized alternative to tech giants like the Amazon Web Service (AWS) and Microsoft Azure. This marks a very big milestone and FWS will be based on the Filecoin protocol. FWS is a computing and storage technology that works in a peer-to-peer manner.
As of press time, the price of Filecoin (FIL) is $5.29, which represents a 0.78% price increase in the past 7 days.
Collateral Network (COLT) bridging the gap between Web3 and Web3
Collateral Network, a new web3 lending platform, is transforming this sector by introducing a unique approach to unlocking liquidity from physical assets. On Collateral Network, users can use their valuable possessions, such as fine art, vintage cars, or gold, as collateral and receive instant loans.
When users deposit their assets on Collateral Network, they are kept in a secure vault, and unique NFTs are created to represent them. These NFTs are 100% asset-backed, providing an attractive investment opportunity for lenders. Additionally, they are fractionalized, which enables multiple lenders to fund a loan with small amounts of capital. These lenders receive significant returns from fixed interest rates.
For example, if Nnamdi owns a $70k gold watch, the team at Collateral Network will value the watch and create an NFT to represent it. The NFT is then split into smaller fractions, allowing many lenders to fund Nnamdi’s loan. Once the loan is repaid, the NFTs are burned, and Nnamdi’s watch is retrieved from the vault.
Collateral Network is an excellent choice for both borrowers and lenders. Moreover, industry experts predict that the value of the Collateral Network token will soar by 3500% soon. Early investors can benefit from this profitable opportunity by purchasing the token during the ongoing presale.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Der Beitrag Cryptocurrency hot picks 2023, Stellar (XLM), Filecoin (FIL), Collateral Network (COLT) erschien zuerst auf Crypto News Flash.