VeChain (VET) News – Collateral Network and Cosmos Price Set to Surge in June 2023

If you’re on a search for crypto gems this year, you are in the right place. The fast-moving world of blockchain technology has never been more active

Below, we’re having a look at the most recent VeChain (VET) news and introduce you to Collateral Network (COLT), a pioneer in the DeFi space whose price is about to explode, while Cosmos (ATOM) continues its journey toward the “Internet of Blockchains”. Here’s what you need to know about what makes these projects unique

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Collateral Network Transforms DeFi, Up to 100x Gains

Collateral Network boasts several growth catalysts and its presale success broke a few records: in a few weeks, the price has increased by 40% and is expected to skyrocket, reaching 3,500% gains by the time it launches on major exchanges for a minimum price of $0.35

The pioneering platform is creating a buzz in the media thanks to its innovative take on peer-to-peer lending and collaterals. As the Collateral Network name suggests, the key breakthrough is allowing users to collateralize physical assets, such as expensive cars, fine art, or jewelry to access cash within 24 hours

The platform uses artificial intelligence to uate physical assets, then it creates a digital representation of the asset via NFT technology. Each loan is fractionalized, making it available to investors seeking to generate passive returns in the form of fixed interest rates on the loans.

Essentially, Collateral Network is combining the digital world with traditional finance to allow individuals and businesses to access the funds they need quicker and easier. Physical asset holders no longer need to sell them or opt for pawnbrokers to unlock liquidity. This is why experts believe Collateral Network has a 100x potential.

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VeChain Makes Efforts to Boost Network Adoption

VeChain’s price action has not been as impressive lately, but the network is actively making efforts to recover. At the end of May, VeChain announced a new workshop aimed to inform developers regarding VeChain’s technical features and its extensive network of enterprise partners

VeChain retains its social dominance, which has been relatively stable in the past month. This means that the investment community retains its interest in VeChain, which could further boost its demand and activity.

At press time, VeChain’s native token is up nearly 3% on the weekly chart. However, Vechain is still down 2.9% in the past month.

Cosmos Shows Strong Growth Potential

Cosmos has been garnering attention as it aims to make blockchain interoperability possible. In other words, the Cosmos eco allows blockchains to communicate with each other, which has been impossible so far. While full interoperability has yet to be achieved, more and more blockchains are joining the Cosmos eco, nurturing growth and further developments

Although at press time Cosmos is still struggling, its long-term potential may lead to a bull run soon. One of the catalysts could be a new update, announced in early May, which aims to get more active users on the Cosmos network

The update will allow Cosmos token holders to liquid-stake their altcoins without waiting for the unbonding period. At the same time, Cosmos keeps consolidating its links with many other blockchains, such as Polkadot

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Summary

As the traditional banking industry is crumbling, Collateral Network has a revolutionary eco that provides endless opportunities to borrowers and lenders.

By combining physical assets with the DeFi industry, Collateral Network could surge by 3,500% before its big launch and may reach up to 100x after it is available on major exchanges, as more and more investors and businesses realize its massive potential

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