ATOM is the native token of the Cosmos operating system, one that promotes interoperability in Web3. This much needed functionality within the crypto space makes a lot of analysts bullish in the long term.
Experts are also taking a look at COLT, the token powering a new lending platform that aims to reinvent peer-to-peer lending and borrowing, and there are predictions that the token could grow as much as 3,500% from its initial price.
Layer 1, Layer 2, Zk rollups… but have you heard about Layer 0?
Layer 1 blockchains such as Ethereum underpin many popular layer 2 chains like Polygon. The benefit of layering like this is that Polygon for instance, can use the security and features of Ethereum, whilst offering scalability in the form of speed and low gas fees, and offer that to regular users.
In contrast, layer 0 refers to a highly specialized B2B model where the main customers are other blockchains, and the product provided is security. 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.
Atom price prediction
Whilst Cosmos is undoubtedly a bullish project, there are various token unlocks to come over the next few years which will cause selling pressure. Nevertheless in the long and even the short term, many experts and crypto enthusiasts are bullish about Cosmos for its relatively unique proposition.
ATOM, at the time of writing, is trading at around $11. In order to reach $14, the market cap would need to increase to over $4 billion which is plausible and would place it within the top 20 cryptos.
Changelly and Coinpedia both 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.
Which token are experts predicting bigger gains than ATOM for?
Collateral Network is a new web3 decentralised crowdlending platform that is in presale at the moment.
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. This challenger lender is a totally new alternative to traditional lending industries like banks and pawnbrokers which are old fashioned, and in many instances do not provide the borrower with a fair loan to value or a competitive interest rate to lenders.
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. For those individuals setting aside their capital in savings accounts, they are being offered meager rates of interest and do not have control over who the Banks lend their money to.
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 just like a bank would.
With all this innovation it is clear to see why Collateral Network has the chance to take a large chunk of the market share of this $trillion industry.
Furthermore, the Collateral Network team has been fully doxxed and KYC audited, with team tokens locked for 3 years and liquidity pool locked for 33 years.
How high can COLT token go?
COLT is currently in stage 1 of the presale, with the price at $0.14. The price has already increased by 40% since the beta stage where the price was $0.01.
Given the hype and revolutionary nature of Collateral Network’s project, industry experts are forecasting that it 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.
Conclusion
Cosmos is highly regarded in the crypto world, and likely has a bright future in the continued development of blockchain technology and adoption, and in the long term this is very likely to push the price higher.
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.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
