As the price of Collateral Network (COLT) has been projected to 35x for its early holders, bulls have been joining the project’s presale in big numbers. Over $450k has already been pumped into Collateral Network’s (COLT) presale, which is only in its beginning stages. Thus, investors do not want to be left behind, and are locking their Collateral Network (COLT) tokens before the presale sells out. Meanwhile, Huobi Token (HT) and Fantom (FTM) have tumbled from their market standing.
Rumors Cripple Huobi Token (HT)
Huobi Token (HT) has been subject to rumors for the past many weeks. Subsequently, the price of Huobi Token (HT) has plummeted by more than 28% on the monthly chart. Currently, Huobi Token (HT) is trading at $3.58. Many reports are doing rounds in the crypto world, claiming that entrepreneur Justin Sun wants to sell his stake in the Huobi exchange, which is powered by Huobi Token (HT). According to the latest reports, Sun also approached Binance to sell his stake in Huobi Token (HT), but the largest cryptocurrency exchange has declined the offer. However, Justin Sun later clarified that he had never approached Binance for anything related to Huobi Token (HT). But experts believe that the damage to Huobi Token (HT) has already been done.
Fantom (FTM) Increases Security On Its Network
There has been a significant increase in scams and hacks in the DeFi arena in the past two years. Taking cognizance of this potential threat, the Fantom (FTM) network has added security firm De.Fi’s tools on its platform to provide a safer experience for its users. Among many tools that Fantom (FTM) will be taking from De.Fi are Scanner and Shield. Fantom (FTM) is also planning to implement account abstraction in 2023, to provide social recovery options. These developments have benefited Fantom (FTM) in its price movement. The price of Fantom (FTM) has risen by 2% in the past week. On the monthly price chart, Fantom (FTM) is up by 13%. As a result, Fantom (FTM) is currently changing hands at $0.46, which is 87% below its peak price of $3.48.
Collateral Network’s (COLT) Presale Explodes
Collateral Network (COLT) is a crowdlending platform that enables SMEs and users to take loans against tangible assets using Web3. Collateral Network (COLT) accepts physical assets as collateral then mints and fractionalizes NFTs against them (asset backed NFTs). Lenders are then able to help fund loans for borrowers in smaller amounts on the platform.
Collateral Network (COLT) offers loans without requiring borrowers to go through the hassle of submitting the income-related documents or sharing credit history. Borrowers just need to put up tangible assets, like a house, diamonds, or fine art, to Collateral Network (COLT), which will be used as collateral to issue the loan. After receiving assets, Collateral Network (COLT) secures them.
The valuation of physical assets and decisions of the loan terms is done online on Collateral Network (COLT), using artificial intelligence.
Since Collateral Network (COLT) NFTs are backed by real-world physical assets, their market value does not get affected by any adverse situations. To ensure this stability, Collateral Network (COLT) does not give loans against future income.
The presale of Collateral Network has begun, and the COLT token has already increased in price from $0.01 to $0.014. The crypto community is currently locking in a large amount of COLT tokens, as experts have predicted it to rise to $0.35 before the presale ends, and 100x after getting listed on the major crypto exchanges. Collateral Network’s (COLT) liquidity pool will be locked for 33 years, and team tokens for 2 years.
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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