Experts recommend investing in Collateral Network as EOS and Enjin Coin turn glo...

The exceptional presale success of Collateral Network (COLT) has grabbed the attention of the crypto world. Investors are locking presale Collateral Network tokens in large numbers due to the project’s growth projections. Price predictions about Collateral Network have revealed that it will rise by 100x in 2023.

On the other hand, experts are dubious about the growth prospects of EOS (EOS) and Enjin Coin (ENJ).

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EOS’ EVM Struggles To Make Any Big Impact

Although EOS launched its Ethereum Virtual Machine with big fanfare, its outcome has not been encouraging. The market value of EOS has nosedived by more than 27% since the launch of its EVM. Thus, EOS (EOS) is changing hands at $0.91 at the time of writing.

The fall is more discomforting for the EOS community given that the project offered millions of grants to encourage developers to build on its EVM. Besides, EOS secured a strategic investment of $60 million from DWF Labs.

It is believed that the low adoption of EOS’ EVM is due to the strong competition from Polygon’s zkEVM and zySync Era. However, experts believe that a higher speed of EOS’s EVM can make it a better option than other projects in the coming months.

Enjin Coin’s NFT.io Gets Traction

Enjin Coin has received a positive market response for its recently launched NFT.io, a marketplace for NFTs. According to the latest data by LunarCrush, bullish sentiments around Enjin Coin have increased by 7% while bearish sentiments have become 37% weaker.

Subsequently, Enjin Coin has extended the NFT.io beta indefinitely to allow everyone to test it. Besides, Enjin Coin has launched a new Enjin platform UI to enhance users’ experience. However, these developments have not been reflected in the price of Enjin Coin. The trading price of Enjin Coin has plunged by 21% in the past month. Consequently, the present purchase price of Enjin Coin (ENJ) is $0.34.

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Collateral Network Advances Further And Becomes Stronger

Collateral Network has built a unique Web3 platform disrupting the peer-to-peer crowdlending industry. It allows users to borrow money against their physical assets, such as vintage cars, luxury watches, fine wines, and others. Collateral Network has entered the market to address issues that are jeopardizing the lending industry, like higher interest rates for borrowers.

Collateral Network receives the real-world assets of borrowers worldwide, and mints NFTs against them. The assets are stored in secure vaults and investors can buy these fractional NFTs from an open, decentralized marketplace. Therefore, people can borrow money on Collateral Network at competitive interest rates while lenders can yield a fixed weekly income.

The platform users will also get access to private auctions of distressed assets, and voting rights on important resolutions. COLT token holders can also earn a passive income by staking their tokens to the liquidity pool of Collateral Network, which will be locked for 33 years.

Stage 1 of Collateral Network’s (COLT) presale phase is selling out fast. Currently, a COLT token is available at $0.014. But analysts are confident that the project will get to the price of $0.35 before the completion of the presale round. Collateral Network is also anticipated to grow by 10000% upon listing.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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