Crypto market witnessed massive correction in 2022. However, Quant (QNT), Polkadot (DOT), and Collateral Network (COLT) are a few promising tokens to watch out for going into 2023.
While Quant (QNT) and Polkadot (DOT) derive value from their underlying blockchain technologies, Collateral Network (COLT) is bridging the gap between traditional and crypto finance for users who want to quickly raise loans without going to any formal bank. This article looks at what makes Quant (QNT), Polkadot (DOT), and Collateral Network (COLT) promising tokens to watch out for in 2023.
Quant (QNT) remains strong in a falling market
Launched in 2015, Quant (QNT) network enables meaningful information sharing by connecting blockchains and networks on a global scale. The big promise of the Quant (QNT) network lies in its ability to solve the interoperability problem in crypto space with the help of a first-of-its-kind blockchain operating system. Even as several leading cryptocurrencies are now trading over 90% below their respective all-time-highs (ATH), Quant (QNT) token has remained strong.
As per CoinmarketCap data at the time of writing, Quant (QNT) token was trading near $107, down just 75% from the ATH. During the market crash in May, Quant (QNT) had touched a low of $61 but by October it had recovered to over $200. When the market crashed again in November due to the FTX collapse, Quant (QNT) fell to $102. It is expected to appreciate fast in the next bull run, which may hit the crypto market soon.
Polkadot (DOT) continues to attract investors despite price fall
Like Quant (QNT), Polkadot (DOT) is another token that has acquired strength despite falling prices. At the time of writing, Polkadot (DOT) was trading near $4.35, down over 92% from the ATH. But the promise of Polkadot (DOT) lies in the increased developer activity during the lean phase. Reports state that Polkadot (DOT) witnessed maximum developer updates compared to other non-Ethereum chains in 2022.
Polkadot (DOT) offers a sharded multi-chain network that makes it possible to process many transactions on several chains in parallel. This in turn improves the scalability of the Polkadot (DOT) platform. Analysts are very optimistic about the performance of Polkadot (DOT) in 2023 as it continues to see strong demand. The current low price of Polkadot (DOT) also offers a huge growth potential in the coming weeks.
Collateral Network (COLT) could jump 35X in six months
While Quant (QNT) and Polkatdot (DOT) are attracting user interest with their underlying technologies, Collateral Network (COLT) is changing the game in the crypto space by bringing real-world assets into the picture. Collateral Network (COLT) allows users to become their own banks, enabling them to quickly raise funds against their physical assets like property or valuable art pieces.
With Collateral Network (COLT), users can convert their physical assets into fractional non-fungible tokens (NFTs). These NFTs can be offered to prospective lenders on the Collateral Network (COLT) marketplace. As the price of the fractionalised NFTs is low, it is easy for anyone to become a lender and to raise funds.
All transactions on the Collateral Network platform are facilitated by its utility token, COLT. Given the unique use case of Collateral Network, the price of COLT token is expected to jump soon. The initial price of Collateral Network (COLT) is just $0.01. However, analysts are expecting that Collateral Network (COLT) price will jump 35x during the next six months. The low price of Collateral Network (COLT) provides an attractive entry point to new investors interested in digital tokens backed by real-world physical assets.
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