Crypto Outlook for 2023: Why Collateral Network (COLT), ImmutableX (IMX) and Quant (QNT) Could See Big Gains
2023 is upon us, and the crypto world is more bustling than ever. But what coins have the biggest potential to improve and rise in value? Here we will look at why Collateral Network (COLT), ImmutableX (IMX) and Quant (QNT) are poised to make big gains in the coming years. With so much buzz surrounding the forecasted 3500% returns during the public presale of Collateral Network (COLT), any potential investors may have to act quickly.
Ethereum (ETH) is the largest and most secure smart contract platform, but its scalability issues have been limiting its potential. ImmutableX (IMX) wants to solve this with their layer-2 scaling solution that allows developers to deploy large-scale dApps on the Ethereum (ETH) blockchain without sacrificing performance or security.
Despite being a relatively new project, ImmutableX (IMX) has already managed to make a name for itself. Illuvium, Gods Unchained and Guild of Guardians are just a few of the projects that are already using ImmutableX (IMX) to power their decentralized games.
But perhaps the most impressive partnership is with GameStop (GME), who are partnering up with ImmutableX (IMX) to produce an NFT marketplace for gamers. This opens up a whole new realm of possibilities for gamers to monetize their gaming experience — and ImmutableX (IMX) is at the forefront.
The current price of ImmutableX (IMX) is $1.07 and the 24-hour trading volume for ImmutableX (IMX) is $63,721,564 at the time of writing.
With blockchains rising rapidly in popularity and becoming more widespread, the ability to communicate between different blockchains is an ever-growing necessity. Quant (QNT) provides the infrastructure for securely connecting different blockchain networks, allowing them to interact and exchange data with each other.
Quant (QNT) uses a computation layer called Overledger to facilitate this communication, as well as its own distributed ledger technology (DLT) protocol. Quant (QNT) makes it easier for developers to develop solutions that span multiple blockchains, allowing them to leverage the benefits of each.
Quant (QNT) is also backed by some big names in the crypto space, including Oracle and the European Union. As more institutions and projects look to take advantage of its technology, Quant (QNT) could see some major gains in 2023.
The current price of Quant (QNT) is $125.82 and the 24-hour trading volume for Quant (QNT) is $33,415,054 at the time of writing.
Collateral Network (COLT)
Need cash in a pinch, but don’t want to part with your precious possessions? With Collateral Network (COLT), you can use your physical assets as collateral to get some quick cash without the hassle of selling them or filling out endless paperwork.
But here’s where the real magic happens — these physical assets can be minted into fractional NFTs through Collateral Network (COLT) and put up as collateral on the blockchain. For example, if you have a vintage car, you can mint an NFT token representing that car and get a loan immediately.
Additionally, NFTs can be fractionalized, which allows the asset to be divided into several parts. This means that multiple people can pledge cash into the same loan, making it easier for small-scale lenders to get involved in the process all thanks to Collateral Network (COLT). Of course, if a borrower defaults on their loan, the lender can claim against the stake of the NFT.
Smart contracts make middlemen obsolete by automating the entire lending process, so there are no extra processing fees or costs. And because it’s all done on the Collateral Network (COLT) blockchain, there’s an immutable record of each loan agreement.
COLT is the native token of the Collateral Network (COLT) that rewards holders with staking rewards and serves as a governance token for the network. With its innovative approach to using blockchain technology for lending, Collateral Network (COLT) could be poised for some big gains in 2023 with analysts forecasting 35x returns for early investors.
Find out more about the Collateral Network presale here: