Both newbies and seasoned investors have taken an enormous interest in Collateral Network (COLT). The project is in its presale phase but has already become a favorite among bulls and crypto enthusiasts for its 100x growth potential. On the other hand, Ethereum Classic (ETC) and Bitcoin Cash (BCH) are trying to come out of the red zone.
Bitcoin Cash (BCH) Announces New Updates
To attract more users to its network, Bitcoin Cash has announced new updates. The developer team of Bitcoin Cash has revealed that they are developing the projects, Elfinguard and CashDisk, to exchange the project’s ecosystem. The Bitcoin Cash developers stated that these new features will be released in the next few months.
However, the announcement has failed to cause any immediate price increase in Bitcoin Cash. The value of Bitcoin Cash is still down by 2% on the weekly chart. As a result, Bitcoin Cash (BCH) is currently changing hands at $114.89. Meanwhile, the Bitcoin Cash community hopes that these features will make Bitcoin Cash more attractive than its peers, giving it an extra market advantage.
Ethereum Classic (ETC) Faces Criticism From Cardano Founder
While the market conditions were already challenging for Ethereum Classic, the network has now been targeted by a leading crypto figure. Criticizing Ethereum Classic, Cardano founder Charles Hoskinson called ETC a scam. He stated that Ethereum Classic utterly lacked a plan of action or vision.
Besides, the Cardano boss claimed that the sole objective of Ethereum Classic is “for the insiders to pull the plug on” misguided new joiners. The remarks by Hoskinson have negatively impacted the sentiments around Ethereum Classic. The price of Ethereum Classic (ETC) has fallen by 8% in the past month. Currently, Ethereum Classic (ETC) is available to trade at $18.28.
Collateral Network (COLT) Goes On Fire During Presale
Harnessing the benefits of blockchain technology and artificial intelligence, Collateral Network allows people to unlock liquidity against their physical assets. Collateral Network is the world’s first Web3-based platform that mints and fractionalizes non-fungible tokens against off-chain assets that act as collateral for the loan. Collateral Network has eliminated all geographical boundaries and red-tapism from the credit market.
Collateral Network boasts a hybrid infrastructure model, where people must first send their physical assets to verify their authenticity. The team also values the collateralized assets using artificial intelligence before storing them in their vault for the loan duration. Thereafter, NFTs are minted and fractionalized.
All NFTs minted by the platform are 100% backed by the collateralized tangible assets they represent. Physical assets currently accepted include diamonds, fine wine, gold, watches, and vintage cars, and many others. Hence, the value of NFTs minted by the platform is protected from plummeting during market downfalls. Now, lenders can rest assured of their profits, as by buying fractions of the NFT to provide liquidity, they receive a weekly passive income in return that does not depend on market fluctuations.
Collateral Network’s COLT tokens are currently available at $0.0241 representing a whopping 141% increase during the ongoing presale round. Collateral Network token holders can yield passive income through staking, get discounts on transaction fees, and access to auctions of distressed items, among other benefits.
Due to the massive growth potential of Collateral Network, early COLT investors are expecting a 35x return on their investment during the presale phase.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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