The post Sui (SUI) Value Skyrockets Prior to Mainnet Debut, Collateral Network (COLT) Anticipates 35x Price Surge appeared first on Coinpedia Fintech News
One of the newest blockchain projects to hit the crypto scene, Sui (SUI), is pumping in an impressive fashion prior to its mainnet debut. But Sui (SUI) isn’t the only project that is seeing a surge in value. Collateral Network (COLT) has pumped 40% during the first stage of the presale, with its native token anticipating a 35x surge once the mainnet goes live. Let’s look at these two projects, and what could the future hold for them.
Key Factors Fueling Sui (SUI)’s Launch Hype
Sui (SUI) is a Layer 1 blockchain engineered to revolutionize digital asset (NFT) management. It’s designed to be fast, private, secure, and accessible to all users. Sui (SUI)’s unique object-centric approach enables efficient parallel processing, near-instant finality, and intricate on-chain assets.
Sui (SUI) was founded by Mysten Labs — a company that was formed as a spinoff of Meta’s Diem project. By September 2022, Mysten Labs successfully closed a $300 million Series B funding round for Sui (SUI), which contributed to the company’s impressive $2 billion valuation.
Mysten Labs envisions Sui (SUI) becoming the go-to platform for NFTs and gaming. By using the Move programming language, Sui (SUI) allows digital objects to be owned by a single user or shared among multiple users.
The price of Sui (SUI) was on offer during the presale for just $0.10 per token but has since skyrocketed to $1.28 per token — a surge of 1280%. Early investors who got in on the action are now enjoying astronomical gains.
There are a few reasons why Sui (SUI) has gained such traction. Most notably, it has a world-class team, a stellar product roadmap, and has received backing from high-profile investors These factors have all contributed to the project’s overwhelming demand prior to its Mainnet debut.
With the Aptos (APT) project — started by the other half of Meta’s Diem team — pumping by over 500% at the start of 2023, many investors turned to Sui (SUI) in anticipation of similar gains.
The Potential of Collateral Network (COLT): Analyzing the 35x Surge Prediction
With the Collateral Network (COLT) presale currently underway, the initial COLT token price of $0.01 has already risen by 40% to $0.014 and is expected to continue its ascent to $0.35.
Collateral Network (COLT) is a groundbreaking peer-to-peer lending platform that utilizes an asset-backed model to transform traditional borrowing practices. Collateral Network (COLT)’s pioneering approach involves converting physical assets into NFTs, which then act as collateral for loans on the blockchain.
Collateral Network (COLT)’s fractional lending system enables multiple investors to participate in a single loan, with each receiving weekly interest payments proportional to their stake. This structure democratizes lending, making it more accessible and equitable for everyday investors.
Through the use of smart contracts and automation, Collateral Network (COLT) streamlines transactions and reduces fees. Comprehensive details about each loan and collateralized asset are embedded within the NFT’s metadata, ensuring transparency and clarity for all parties involved.
Experts predict that Collateral Network (COLT) will transform the $7 trillion lending industry and foresee a potential 35X price increase when the token becomes publicly traded. This presents a unique opportunity for investors to capitalize on a potentially lucrative venture.
Find out more about the Collateral Network presale here:
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