Collateral Network (COLT), Litecoin (LTC) and Fantom (FTM) are three digital assets that could make for attractive investments this month. With momentum building for Collateral Network (COLT) during the presale, gains could be huge, 35x within 6 months estimated to be exact. Let’s take a closer look.
Litecoin (LTC) was founded by Charlie Lee in 2011 as a fork of Bitcoin (BTC). While it shares many of the same features as Bitcoin (BTC), including its proof-of-work consensus algorithm and decentralized network, Litecoin (LTC) has some key differences.
One such difference for Litecoin (LTC) is their faster block times. Whereas Bitcoin (BTC) can take hours to process a transaction, Litecoin (LTC) can do it in just minutes. This makes Litecoin (LTC) more suitable for smaller and more frequent transactions, which is proving to be an attractive feature for investors.
Litecoin (LTC) is a safe and reliable bet for long-term investors, but the biggest reason to buy Litecoin (LTC) in January is the upcoming halving event, set to take place in August. This event reduces the Litecoin (LTC) block reward by half, from 12.5 LTC per block to 6.25 LTC per block.
Fantom (FTM) is a smart contract platform that utilizes directed acyclic graph (DAG) technology to facilitate smart contract execution. By utilizing DAG, Fantom (FTM) is able to offer faster and more cost-effective transactions than traditional blockchain networks.
The Lachesis Protocol is the Fantom (FTM) consensus mechanism and is designed to improve the scalability of the network. Basically, it allows transactions to be processed asynchronously so that the Fantom (FTM) network can handle more transactions at a time.
The impressive approach towards scalability makes Fantom (FTM) an attractive option for institutions and businesses looking to use decentralized technology. In fact, Uzbekistan is building its IT infrastructure using Fantom (FTM).
During the period of December 23rd-30th 2023, Fantom (FTM) had a TX/sec rate of 6.49, which placed it among the top six EVM blockchains in terms of usage. This shows how Fantom (FTM) is being used in the real world and why it could see big gains this month.
Collateral Network (COLT)
Meet Tom — a hardworking man who needs a new van for his business. But money is tight, so he doesn’t have the cash to buy it outright. And he doesn’t have good credit, so he can’t get a loan. That’s where Collateral Network (COLT) comes in. Here, Tom is able to use his watch collection as collateral in order to borrow the money he needs to buy his van. But before he does this, Collateral Network (COLT) mints an NFT that represents his watch collection and stores it on the blockchain.
This NFT is fractionalized, meaning it can be broken down and secured by multiple lenders. This means Collateral Network (COLT) opens up the lending industry to a whole new set of borrowers and lenders, offering more flexibility to both parties.
But the innovation doesn’t stop there for Collateral Network (COLT). Smart contracts remove the need for middlemen and banks, and automated systems ensure that borrowers are able to make their payments on time.
With its built-in utility token, COLT, Collateral Network (COLT) offers a plethora of advantages to holders, such as preferential trading fees, reduced borrowing rates, staking rewards and the right to vote on platform governance.
The COLT token is now available to purchase during the first phase of the presale and the token price is only $0.01. With analysts predicting a 35x gain for Collateral Network (COLT) during 2023, now is the perfect time to get in on the ground floor and potentially make huge gains.
Find out more about the Collateral Network presale here: