A golden rule about crypto investment suggests that projects with long-term growth prospects, a unique business roadmap, and a high-value proposition are the best options for making big profits.
Therefore, Collateral Network (COLT) has made big waves in the market with its presale success. Bulls have swarmed Collateral Network (COLT) as the project is forecasted to soar 3500% during the presale phase and 10000% over the subsequent months. On the contrary, projects like Cosmos (ATOM) and Dogecoin (DOGE) have struggled to trade in the green.
Cosmos’ (ATOM) IBC Tech Gets Adopted Outside Its Ecosystem
The Cosmos network’s much-celebrated Inter-Blockchain Communication (IBC) technology has registered its first adoption outside the ATOM ecosystem. Recently, Composable Finance announced that it would use Cosmos’ (ATOM) IBC to launch a Polkadot-Kusama connection. According to experts, the utilization of Cosmos’ technology on the Polkadot blockchain would increase the popularity and price of ATOM.
Besides, the latest on-chain data has suggested that the popularity of dApps on the Cosmos (ATOM) network has also witnessed an increase. As a result, the market value of Cosmos (ATOM) has surged by 3% in the past week. Currently, Cosmos (ATOM) is changing hands at $11.09. However, the activity on the Cosmos network has seen a fall in the past few days, dropping from 29,000 to 19,680.
Holders For Dogecoin (DOGE) Increase
Dogecoin has registered an increase in the total number of DOGE holders in the past few weeks. Besides, the on-chain volumes have also surged in the past week, indicating a rising interest in Dogecoin (DOGE).
Subsequently, the price of Dogecoin (DOGE) has registered an increase of 2% in the past month. Thus, Dogecoin (DOGE) is currently available to trade at $0.0783.
The largest meme token by market capitalization, DOGE, received a major push recently when Starbucks started accepting payment through DogeCard. Another key reason behind Dogecoin’s latest rise is Elon Musk’s continuous push for the meme coin. The Twitter CEO talked about and promoted Dogecoin lately.
Collateral Network (COLT) Increases Its Market Share
Collateral Network (COLT) is a Web3 platform set to disrupt the lending market, currently estimated to be worth $4.5 trillion.
The platform´s innovative approach democratizes the lending market, opening it to people often dismissed by traditional banking or financial institutions. Collateral Network allows people to unlock liquidity from real-world assets, like watches, fine art, vintage cars, real estate, and others. In the Collateral Network platform, these physical assets act as collateral for the loan. Thus, borrowers can obtain the best flexible loans at a competitive interest rate without selling their assets.
Borrowers send their physical assets to Collateral Network, whose internal team verifies and values them with the help of artificial intelligence. Collateral Network keeps the assets safe in its vault and mints fractionalized non-fungible tokens (NFTs) against them. Interested people can lend their money by buying as many fractions as they wish and receiving a weekly passive income in return.
The company sends collateralized assets back to their owners and burns NFTs minted against them once the loan is fully repaid. If borrowers default, the distressed item is auctioned among the community.
Collateral Network is currently in the first phase of its presale, with COLT tokens available at $0.014 and a 40% deposit bonus. COLT token holders will benefit from staking rewards, governance rights, access to auctions, and discounts on trading/borrowing fees.
COLT tokens have soared during the presale phase as it is predicted to increase by 3500% before being listed in major exchanges and by 100x once they hit the leading crypto trading platforms. So, this is your opportunity to get COLT tokens at the best price possible.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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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