Collateral Network set to enter the top 20 tokens, will replace Tron and Chainlink

Collateral Network set to enter the top 20 tokens, will replace Tron and Chainlink

Investors who have not seen multiple cycles often forget how transient the top 20 projects are. New projects in the 2021 bull market replaced the top 20 of the 2017 bull market, and new projects will replace the current top 20 in 2024. Collateral Network (COLT), a challenger lender, is a prime contender to become part of the new top list, and analysts believe it will outshine Tron (TRX) and Chainlink (LINK).


Collateral Network (COLT) The Next Generation of Lending

Collateral Network has caught the attention of investors and traders after analysts predicted the platform token $COLT would surge by 3500% before the presale closes and a further 100x once it hits major exchanges. This bullish price prediction may be too conservative, given Collateral Network’s incredible value proposition.

Collateral Network reimagines lending entirely. Until now DeFi lending protocols have only accepted crypto. Collateral Network allows the collateralisation of tangible assets, such as properties, vintage cars, watches, artwork, and jewellery, through 100% physical-asset-backed fractionalized NFTs. By buying NFTs fractions, this multi-sided platform enables lenders to earn passive income through interest payments, borrowers to unlock new liquidity flows against real-world items, and provides a path for real-world assets to exist on-chain.


With locked liquidity and smart contract audits, the team behind Collateral Network has made it clear security remains a top priority for the protocol. Furthermore, the team has been fully doxxed. Given the strength of the real-world narrative, Collateral Network should quickly sail to the top 20.

COLT tokens are not exempt from use cases. COLT token holders will benefit from access to auctions of distressed items, discounts on borrowing/trading fees, and staking rewards. Currently, in its presale phase, COLT tokens can be acquired at $0.014 with a 40% deposit bonus for a limited time. With more than 60% of tokens sold and already an increase of 40% from its $0.001 original price, the best time to buy COLT tokens is now.

Tron (TRX) Burn Continues

Tron’s founder, Justin Sun, recently made headlines when he announced that he would begin trading memecoins from his public wallet address and donating any profits to charity.

Tron is a Layer 1 blockchain that utilizes a Delegated Proof of Stake consensus mechanism powering massive throughput and much of Tron’s success due to the incredibly low network fees. These low fees have driven grassroots adoption worldwide of Tron, particularly in emerging economies.

Price predictions expect the Tron (TRX) token to trade between $0.082 and $0.1 this year, but analysts admitted the burning campaign undertaken by the Tron network could cause $TRX to trade slightly above the predicted range. However, analysts again reiterated that Tron, with its large market cap, has no chance of outperforming the younger and more nimble challenger lender Collateral Network.


Chainlink (LINK) Web3 Infrastructure

Chainlink continues expanding, and more dApps continue integrating its services. Recently, Chainlink announced that GMX had voted to incorporate its oracles following an on-chain vote, guaranteeing 1.2% of the total fees generated by GMX V2 and later instances to be paid to Chainlink. Base – Coinbase’s layer two scaling solution – also announced it had integrated Chainlink data feeds on its testnet.

Chainlink is a decentralised oracle network connecting distinct blockchains with information from the natural world; this blockchain-agnostic layer feeds external data into smart contracts.

Price predictions remain lackluster for Chainlink (LINK), with analysts predicting a range between $8.09 and $9.38. Chainlink retraced by nearly 10% this week, and the big worry for Chainlink holders comes from the low circulating supply versus total supply. With only 51% of the total supply on the market, markets still need to absorb another 500 million $LINK tokens.

Find out more about the Collateral Network presale here:






WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Author badge placeholder
Written by

Guest Writer