Since new cryptocurrencies are being launched daily, investors are switching up their strategies. They are putting popular coins with no more room for growth, like Shiba Inu (SHIB) and FTX Token (FTT), on the back burner in favor of novel crypto projects which bring innovation to the table. One such project is Collateral Network (COLT), currently in stage 1 of its presale with tokens available to buy for only $0.01, yet is already making headlines.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme coin launched after Dogecoin (DOGE) saw its success. The currency known as Shiba Inu (SHIB) operates on the Ethereum (ETH) network. More volatile than popular cryptocurrencies like Bitcoin (BTC), Shiba Inu (SHIB) was designed with minimal usefulness. And that is its main problem.
Many people view Shiba Inu (SHIB) as a meme coin with the hype behind it only. And the Shiba Inu (SHIB) token price reflects that. Shiba Inu (SHIB) is currently worth $0.00001304, leaving a lot to be desired. The popularity of Shiba Inu (SHIB) is slowly diminishing as the coin price keeps going down daily, losing 13% of its value in December alone.
FTX Token (FTT)
The once-popular but now defunct crypto exchange, FTX, issued FTX Token (FTT) in 2019. Traders supported FTX Token (FTT) because FTX promised benefits in return for coin possession. For FTX, FTX Token (FTT) was a significant factor in development and income.
However, all that changed as FTX collapsed. The FTX Token (FTT) price has decreased by nearly 96% in the past few months. FTX Token (FTT) fell below $1 last week and has not moved from that price point. It is currently worth $1.28 with no signs of rebounding as FTX Token (FTT) holders are migrating to other projects in hopes of profit.
Collateral Network (COLT)
What separates Collateral Network (COLT) from coins like FTX Token (FTT) and Shiba Inu (SHIB)? Collateral Network (COLT) will be the first asset-backed lending marketplace that will bring benefits to borrowers and lenders both.
Collateral Network (COLT) aims to achieve this by creating NFTs with tangible assets like property backing them, fractionalizing them and allowing users to fund the loans for interest. With this unique method, borrowers will get a fast turnaround on funds, while lenders will gain a fixed interest rate.
The COLT token will fuel the Collateral Network (COLT) platform, but that is not all; Collateral Network (COLT) holders will gain discounts on trading or borrowing fees and the ability to make decisions for the future of the network and staking it will bring passive income.
One COLT token is currently worth only $0.01. These benefits for that price are a steal. Experts forecast a 35x increase in price during the following six months for Collateral Network (COLT) tokens. That puts the COLT token in a strong price range by June 2023. Analysts believe the Collateral Network (COLT) has incredible growth potential and should be in your investment portfolio.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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