ATOM and COLT: Two Tokens to Watch in the Crypto Space
Cryptocurrency experts are always on the lookout for promising projects with the potential for significant returns. In the current market, two tokens that are generating a lot of buzz are ATOM and COLT. Here’s what you need to know about these tokens and their potential for growth.
ATOM: The Native Token of the Cosmos Operating System
ATOM is the native token of the Cosmos operating system, which is designed to promote interoperability in Web3. This functionality is much needed within the crypto space, and many analysts are bullish on the token’s long-term prospects. Despite some upcoming token unlocks that may cause selling pressure, many experts and crypto enthusiasts are optimistic about Cosmos for its unique proposition.
At the time of writing, ATOM is trading at around $11. Changelly and Coinpedia predict that ATOM will exceed the $14 mark, and Coinpedia’s Cosmos price prediction for 2023 suggests that the ATOM price may achieve a potential high of $29.55 by the year-end.
COLT: The Token Powering a New Lending Platform
COLT is the token powering a new lending platform that aims to reinvent peer-to-peer lending and borrowing. This challenger lender is a totally new alternative to traditional lending industries like banks and pawnbrokers, which are often outdated and do not provide borrowers with fair loan-to-value or competitive interest rates.
Collateral Network aims to disrupt the lending industry by allowing anyone to digitize their assets and obtain loans via the community by putting their assets up as collateral. With the on-going banking crisis, liquidity has dried up in the markets, and funds are now not readily available for those with assets who want to unlock liquidity without having to sell them. With Collateral Network, this is no longer a problem. AI is used to accurately value assets and fair borrowing rates, while lenders on the platform can become their own mini-bank by helping to fund loans for an agreed rate of interest and build their own book of loans.
Given the hype and revolutionary nature of Collateral Network’s project, industry experts are forecasting that COLT could go as high as 35-100x from its initial price, and if that is accurate, then the gains from COLT will way exceed those of ATOM.
Layer 0: The Specialized B2B Model for Blockchain Security
While many people are familiar with layer 1 and layer 2 blockchains, there is also a specialized B2B model for blockchain security known as Layer 0. These blockchains provide a type of blockchain software that coordinates a network of computers where hosted blockchains can deploy their blockchain data and logic to have it executed to make transactions. This allows the hosted blockchain to use its suite of functions and applications in an environment protected by the layer 0’s security.
The Cosmos Hub is an example of a layer 0 blockchain that targets the blockchains that make up the Cosmos ecosystem of blockchains. Polkadot and its parachains are another example.
Both ATOM and COLT are tokens to watch in the crypto space. Cosmos is highly regarded in the crypto world and likely has a bright future in the continued development of blockchain technology and adoption. Meanwhile, Collateral Network offers to reinvent lending, something much needed in a world where banks keep needing bailouts and yet are still profiting from consumers in the process. Indeed, COLT has important use cases and the potential to provide market-beating returns.