As the Dogecoin (DOGE) founder Elon Musk continues to make headlines in the crypto world, driving the Dogecoin (DOGE) price up and down, investors are looking for more stable options, singling out Polkadot (DOT) and Collateral Network (COLT) as the best alternatives, with the latter in particular seeing forecasts of a 3500% price surge in the coming weeks.
Collateral Network (COLT)
Collateral Network (COLT) has been the talk of the town as it has become the first decentralized crowdlending platform for real-world assets, like fine art, real estate, luxury cars and more on the blockchain.
The way lending on Collateral Network (COLT) works is quite simple. For instance, let’s say a borrower has a $10,000 wine bottle. To get a loan, the borrower sends the wine bottle to Collateral Network (COLT), and the Collateral Network (COLT) team stores it in its vault.
Then, Collateral Network (COLT) mints an NFT of the bottle and further fractionalizes it into smaller pieces. This fractionalized lending method enables more investors to lend smaller amounts of money and get fixed-interest payments.
Once you’ve paid your principal loan and interest, Collateral Network (COLT) redeems your bottle from its vault and burns the NFTs.
This ecosystem is powered by the native COLT token which grants holders various unique bonuses like staking, governance rights, discounts, and even access to exclusive VIP groups.
Currently, Collateral Network (COLT) is in Stage 2 of its public presale, with the token trading at $0.014. Experts believe Collateral Network (COLT) could deliver 35x gains to holders, marking a 3500% growth potential.
Recently, the Dogecoin (DOGE) token has been through a lot. The founder of Dogecoin (DOGE), Elon Musk, has made headlines for several reasons. First, Musk asked a U.S. judge to throw out a $258 billion racketeering Dogecoin (DOGE) lawsuit that accused Musk of running a pyramid scheme last week.
More recently, he switched the Twitter logo to the Dogecoin (DOGE) logo. And, in the most recent news, Musk took to Twitter to post a reward of one million Dogecoin (DOGE) for anyone who proves they own an emerald mine.
Although not disastrous, experts say that all of these whims and actions of the multi millionaire have affected the stability and performance of the Dogecoin (DOGE) token.
The DOGE token is currently trading at $0.09, with a 5.45% increase at the time of writing. Additionally, the Dogecoin (DOGE) trading volume has increased by 46.48% over 24 hours.
However, despite experts predicting positive outlooks, the Dogecoin (DOGE) performance over the past week has led some investors to look for more stable options.
The most recent Polkadot (DOT) news has increased the hype surrounding the DOT token. The Polkadot (DOT) network announced the release of Kagome 0.9.0, a relay chain client which brings better parachains and light clients support and new host APIs to the Polkadot (DOT) platform.
Experts say the current Polkadot (DOT) performance is paring the minor losses it experienced over the last week.
The Polkadot (DOT) token has been trading within the $5.8 and $6.6 price range in the past month. Currently, the price is $6.53 per token, increasing by 2.57% at the time of writing.
However, despite the recent hype and good performance, experts believe that the Polkadot (DOT) price needs to break past the $7 price level for investors to get more significant returns.
Explore the Collateral Network presale here: