It is safe to suggest that every investor prioritizes enjoying positive returns. While Near Protocol (NEAR) focuses on improving speed, cost and scalability, its bearish market could indicate that it is open to a lot of price changes in 2023.
However, the uniqueness of Collateral Network (COLT) makes it a good investment and analysts already predict the price of the coin will surge in just six months. Tokens are priced at only $0.01 as its presale has begun in its first phase.
What Is Near Protocol (NEAR)?
Near Protocol (NEAR) is a layer 1 blockchain network that helps provide a platform for developers to build decentralized apps. The main features of layer 1 networks like Near Protocol (NEAR) include transaction speed and costs, as well as maintaining these attributes even when transaction volumes grow.
Near Protocol (NEAR) is an Ethereum (ETH) competitor and a decentralized application platform that prioritizes user-friendliness. The native NEAR tokens are used to pay for storage and transaction fees on the Near Protocol (NEAR) cryptocurrency platform.
Layer 1 networks are designed to improve upon Ethereum (ETH) based on these key features. Ethereum (ETH) has encountered challenges related to speed and costs over the past few years. To tackle these drawbacks, Near Protocol (NEAR) has been designed to be cheaper and faster than Ethereum (ETH). All evidence points to the fact that Near Protocol (NEAR) can be faster than many of the other largest challengers.
The “infinite scalability” that Near Protocol (NEAR) claims to offer implies that the high volume of transactions handled by the network can grow indefinitely without having any significant impact on its performance. Despite this claim, there are concerns about investing in Near Protocol (NEAR).
It should be noted that the current Near Protocol (NEAR) sentiment is bearish. This indicates a tendency to sell. The NEAR coin fell victim to the bear market in 2022. According to CoinMarketCap, as of November 20th 2022, the coin was selling at $1.75, well below its all-time high of $20.42 last January.
As of the time of writing, its value has dropped to $2.39. From various technical analysis data, it is not profitable to invest in Near Protocol (NEAR). In the past year alone, its value has fallen by more than 90%. Price breaks from key price levels indicate higher levels of volatility.
Consider Investing in Collateral Network (COLT)
Rather than investing in a token that has only shown to be a bad buy, why not invest in a cryptocurrency asset that has got many experts quite optimistic – Collateral Network (COLT).
As technology improves, the worlds of traditional financing and decentralized financing are combined to ensure that investors can benefit from the ability to stake, loan and store cryptocurrency anytime and anywhere.
There are many reasons why Collateral Network (COLT) has been generating so much buzz. This one-of-a-kind project offers Collateral Network (COLT) users instant spending power. Collateral Network (COLT) users can easily borrow funds without any red tape associated with credit checks.
Rather, there is an entire system that is governed by smart contracts, which ensures that collateral can protect users and secure this unique ecosystem. Another property that makes Collateral Network (COLT) unique is the ability of borrowers to retain full ownership of their crypto assets, which are held in smart contracts until repayment of the loan is made.
The Collateral Network (COLT) token is known for transparency. All its contractual information is stored in the metadata of the NFT and also in a public blockchain which can never be altered. Lenders of Collateral Network (COLT) tokens receive a fixed weekly income.
Then, the funds can be returned, which ensures that users can keep their crypto assets since they don’t have to sell for fiat. Instead, they can simply leverage them and keep them. This is done until their debts have been repaid and all needs have been satisfied.
As such, COLT network is set to see a massive price increase once presale concludes, leading to COLT becoming one of the most in-demand crypto presales in the market today.
Find out more about the Collateral Network presale here:
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This post was sourced from BeInCrypto
