Top Cryptocurrencies to Buy in 2023? Tron (TRX), Litecoin (LTC) and Collateral Network (COLT)
4 min read 29 Mar 2023, 06:32 PM ISTTron (TRX) and Litecoin (LTC) have historically been some of the most notable projects. However, a new blockchain-based project Collateral Network (COLT) has entered the market and is predicted to spike 35x in price over the next few months
PremiumCertain cryptocurrencies can offer higher opportunities for larger returns than others. Today projects that show solid market outings are ones with great new tech and real-world use case scenarios.
Tron (TRX) and Litecoin (LTC) have historically been some of the most notable projects. However, a new blockchain-based project Collateral Network (COLT) has entered the market and is predicted to spike 35x in price over the next few months.
Tron (TRX)
Tron (TRX) is a notable public blockchain that relies on the Delegated Proof-of-Stake (DPoS) mechanism. This means that Tron (TRX) features 27 Super Representatives rotating every 6 hours to validate the blocks and transactions occurring on the network.
The Tron (TRX) ecosystem features the TRON Virtual Machine (TVM), and anyone can build tokens on top of it that follow the TRC-10 token standard.
Tron (TRX) as a cryptocurrency saw a massive level of appeal in 2018, where on January 5, it reached its all-time high at $0.231673. Since then, Tron (TRX), as of March 9, 2023, the token price has decreased by 71.39%, trading at $0.066234. It has increased by 0.63% in the last 24 hours.
With the growth of its ecosystem, Tron (TRX) could potentially see a higher usage level and get a bullish momentum throughout 2023. Aside from Tron (TRX), Litecoin (LTC) and Collateral Network (COLT) are alternative cryptocurrencies that can be considered.
Litecoin (LTC)
Litecoin (LTC) was launched on October 13, 2011, and has remained relevant. The Litecoin (LTC) network was developed to bring numerous modifications to the original Bitcoin protocol, on top of which it is based. In 2017, Litecoin (LTC) adopted Segregated Witness (SegWit) and completed the first Lightning Network Transaction.
Litecoin saw its highest level of popularity in 2021 when on May 10, it reached its all-time high value of $410.26. Since then, Litecoin (LTC) has decreased by 79.48%.
As of March 9, 2023, Litecoin (LTC) is trading at $84.66, with an increase of 0.92% in the last 24 hours. Patients could find value in the long-term potential of Litecoin (LTC). For traders who want a more active cryptocurrency in terms of its price development, Collateral Network (COLT) could represent a solid alternative.
>>BUY COLT TOKENS NOW<<
Collateral Network (COLT)
Collateral Network (COLT) is the world’s first web3 lending marketplace for real-world assets. Built on the Ethereum blockchain, the platform makes it easy for borrowers globally to unlock cash from their physical assets on the blockchain.
Collateral Network does this through minting asset backed NFTs that represent the physical asset of the borrower. This NFT is fractionalized into smaller pieces allowing lenders from all over the world to contribute to the loan with smaller amounts of money.
For example, the loan amount required from a borrower is $10,000 and the asset backed NFT is fractionalized into 100 pieces. This means lenders on the platform can contribute to the loan from only $100 and still receive the same agreed rate of interest. The borrower’s loan can now be funded by up to 100 people across the globe rather than relying on one person or entity.
This is all done on the blockchain and completely transparent. Contractual information on the loan is stored in the metadata of the NFT and on the public blockchain, which cannot be altered or changed.
The team tokens will be locked for three years, while the liquidity pool will be locked for 33 years. The smart contract has been successfully audited, and analysts predict that the Collateral Network (COLT) token will see a 35x surge in value by the time they launch on major exchanges.
COLT tokens are available to purchase at an entry price of $0.01 during the first phase of the presale. However already 50% of the tokens have been snapped up by the community. With experts expecting 3500% growth over the coming months, now is a good time to get involved at the ground level of an exciting new project.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
