Baby Doge (BabyDoge) has managed to stay in the green over the past week, sustaining its price above the $0.0000000020 level. Meanwhile, Floki Inu (FLOKI) is on the come up, with its trading volume surging 230%.
However, all eyes are on Collateral Network (COLT), currently in its public presale, with investors rushing to join this revolutionary project that is set to surge 3500% before 2023 ends.
Collateral Network (COLT) – Bringing Unprecedented Utility to the DeFi Industry
Collateral Network has attracted the attention of investors and experts alike as it sets on its way to revolutionizing the trillion-dollar lending industry as we know it. Namely, Collateral Network is the first Web3 DeFi peer-to-peer lending platform that will allow users to unlock liquidity against their real-world assets on the blockchain, including art, cars, watches, fine wines, and other valuables.
As such, Collateral Network will enable people worldwide to get the funds they need without going through invasive credit checks and lengthy lending protocols.
In fact, the lending process via COLT is quite simple and quick. For instance, let’s say you have a $15,000 watch and need a short-term loan. First, you send your watch to Collateral Network, whose team uses AI to value it and stores it in a highly secure vault.
Then, Collateral Network mints an NFT against the asset and fractionalizes it into smaller pieces, enabling many people to lend smaller amounts of money to fund the loan and get a weekly passive income in return.
Additionally, this system enables lenders to create a diverse portfolio of many small loans, earning a weekly passive income from each one.
Finally, once you’ve repaid the loan, Collateral Network burns the NFT and returns your asset.
Moreover, Collateral Network token holders will get many exclusive benefits, including discounts on borrowing/trading fees, governance rights, and access to private online auctions, which is a method COLT will use to enable lenders to recover their funds in case a borrower defaults on their loan.
At the moment, Collateral Network (COLT) is in its public presale, already delivering 40% gains to token holders as its price rose from $0.001 to the token now trading at $0.014. Moreover, experts believe that COLT is yet to rise, predicting a 3500% growth potential before the presale ends.
And when we pair this with the unmatched real-world utility that Collateral Network will deliver, it’s no surprise that investors are rushing to its presale to purchase tokens while prices are still favorable.
Baby Doge (BabyDoge) Holds Steady Over the Past Week
Baby Doge (BabyDoge) has managed to maintain its price above the $0.0000000020 level, continuing to trade in the green for a week now. However, as Baby Doge tries to climb to the $0.0000000021 level, it is facing some resistance.
Currently, the Baby Doge (BabyDoge) token is trading at $0.000000002082, marking a 2.75% decrease in the last 24 hours. Additionally, the Baby Doge trading volume decreased by 92.61% since yesterday.
However, Baby Doge holders are hoping for a Baby Doge price rally in the near future, as Baby Doge (BabyDoge) proposes an unprecedented 100 quadrillion Baby Doge token burn as a way to improve the Baby Doge network’s security and integrity.
What’s Next for the Floki Inu (FLOKI) Price?
Floki Inu recently experienced a three-week high in trading volume, as Floki Inu (FLOKI) registered a 230% volume surge. This spike comes in the wake of the Floki Inu Valhalla Metaverse game being featured in multiple ads in Chinese sporting tournaments.
As a result, Floki Inu was flooded by Chinese-based investors, causing the number of new Floki Inu addresses to surge by 80.70%. Moreover, this made the Floki Inu price go up temporarily, rising to $0.00003734.
However, Floki Inu could not sustain its recent upward momentum, with the Floki Inu (FLOKI) token now trading at $0.00003337, marking a 4.82% decrease in the last 24 hours. The Floki Inu trading volume has also decreased by 66.87% since yesterday.
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