Bitcoin (BTC) is currently facing resistance in its attempts to break through the $30,000 level. Meanwhile, Stellar (XLM) is gradually gaining momentum, but it is Collateral Network (COLT) that is thriving during its initial presale phase. So let’s take a look at how Collateral Network (COLT) compares to these cryptocurrencies.
Collateral Network (COLT)
Collateral Network (COLT) is on the path to success with its real-world utility and clever use of asset backed NFTs. This decentralized crowdlending platform is revolutionizing the lending landscape by offering loans against tangible assets like fine wines, vintage cars, and expensive artwork, which traditional financial institutions tend to overlook.
Unlike pawnbrokers with a notorious reputation and poor business practices, Collateral Network (COLT) bridges the gap between professionalism and flexibility by minting NFTs against authenticated real-world assets. These NFTs are broken down into smaller pieces (fractional NFTs) and enable a multitude of lenders with smaller amounts to lend,the opportunity to still offer loans to borrowers at a fixed interest rate and time scale.
When borrowers repay the loan, Collateral Network (COLT) returns the asset to them, and the NFT is burned. However, if the borrower defaults, the asset is sold at private auctions to recoup the fundes. Only Collateral Network (COLT) token holders have access to this exclusive market.
Besides, Collateral Network (COLT) token holders receive numerous benefits, like lower EMIs for loans, lower fees, and access to a VIP club.
Currently, Collateral Network (COLT) is in its presale stage, where tokens are going for $0.01, with a 50% bonus offer in the beta stage. Market experts predict Collateral Network (COLT) value will surge to $0.35 in the next months, followed by a 100x surge after it hits major exchanges.
Bitcoin (BTC): Will It Surpass $30,000?
According to the latest data from IntoTheBlock’s Global In/Out of Money (GIOM) analysis, the next significant milestone for Bitcoin (BTC) is $30,000. This cutting-edge tool offers insights into the current distribution of Bitcoin (BTC) holders based on their average purchase prices.
If Bitcoin (BTC) manages to break through the current resistance level of $28,000, it could experience minimal hindrance until it reaches $30,000, where approximately 1.36 million wallet addresses may be interested in capitalizing on Bitcoin (BTC) holdings.
Moreover, if Bitcoin (BTC) can sustain its upward momentum beyond the $30,000 threshold, it could spark a prolonged rally. The next significant obstacle for Bitcoin (BTC) would be around $39,000, where nearly 5 million wallet addresses may sell off their Bitcoin (BTC).
Why Is Stellar (XLM) Rising?
Stellar (XLM) has been rising in a bullish trend over the past few days, largely in step with the exceptional performance of Bitcoin (BTC), which almost hit the $30,000 mark.
In addition to Bitcoin’s rise, Stellar’s (XLM) surge is linked to Ripple (XRP)’s performance. The two cryptocurrencies share a common origin: Stellar XLM’s founder, Jed McCaleb, is Ripple (XRP)’s co-founder. Furthermore, Stellar XLM’s recent adoption has played a significant role in its rally. Last week, CoinMe, a major crypto exchange, announced its integration with USD Coin (USDC), a leading stablecoin built using Stellar (XLM) technology.
CoinMe’s partnership enables users to use USDC for faster, cheaper payments than traditional fiat currencies. This is significant because CoinMe has one of the largest networks in the industry, with over 40,000 retail locations.
Stellar’s (XLM) price has also been influenced by the upcoming launch of Soroban, a smart contract platform built on Stellar (XLM) that will open up further opportunities for decentralized applications on the network.
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
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