In the current bear market, savvy investors are searching for promising projects that can provide consistent returns. Today, we take a closer look at three projects that are proving their resilience: NEAR Protocol (NEAR), Apecoin (APE), and the exciting challenger lender Collateral Network (COLT).
What is the future of NEAR Protocol?
Despite the challenging market conditions, the NEAR Foundation recently launched NEAR Horizon, an accelerator aiming to revolutionize how founders are supported in Web3. This initiative highlights the dedication of NEAR Protocol’s developers to make the most of the current builder’s market. NEAR Protocol is a scalable, decentralized application platform designed to provide developers with an efficient and user-friendly environment for creating and deploying dApps. By using sharding and a unique consensus mechanism, NEAR Protocol delivers high throughput and low latency, making it an attractive choice for developers.
The launch of NEAR Horizon demonstrates the project’s commitment to fostering a thriving Web3 ecosystem and supporting innovative projects. This dedication is likely to translate into consistent returns for NEAR investors, even amidst a bear market.
What is Apecoin (APE)
Apecoin (APE) is the token launched by the Bored Ape Yacht Club (BAYC), a popular NFT collection that has recently faced some challenges. However, Apecoin holders still believe in the project.
As an NFT-focused token, Apecoin was hurt by the recent drop in NFT values. Floor prices for BAYC and other ‘blue chip’ NFT collections such as CryptoPunks have fallen below $100,000 worth of ETH, indicating a stall in NFT momentum.
However, not all is bad for Apecoin, as Yuga Labs, its creator, is asserting its dominance over the NFT space. The BAYC and Apecoin creators recently won a legal battle against copycat Ryder Ripps.
Apecoin’s connection to the BAYC and its resilient community make it a potential source of consistent returns. With ongoing developments and a dedicated following, Apecoin is well-positioned to weather the current market downturn.
Collateral Network (COLT)
Collateral Network stands out as the top upcoming project offering unique value in the current bear market.
Collateral Network is a web3 peer-to-peer lending platform that enables users to borrow loans against physical assets such as gold, silver, real estate, fine art and more.
Collateral Network mints NFTs to represent the collateral, and then fractionalizes them for better liquidity. The fractionalised NFTs enable multiple lenders to fund a given loan at a specific interest rate.
As a result, borrowers experience a swift and discreet borrowing process and transparent loan terms. For lenders, Collateral Network offers fixed passive income and the opportunity to diversify their portfolio by funding several different loans on the platform.
The upcoming Collateral Network presale presents an enticing opportunity for investors seeking significant returns. As the project gains traction and user adoption, market analysts predict that the COLT token could see an impressive 35x increase in value.
Indeed, Collateral Network is the only on the blockchain with this lending protocol and is poised to offer a fresh approach to lending and borrowing in the crypto space and eventually the $trillion lending industry as a whole. Therefore, investors looking for consistent returns during this bear market should consider the promising potential of Collateral Network.
Explore the Collateral Network presale here:
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