There is a race among cryptocurrencies to top the profit chart this year. Every project wants to achieve a promising growth rate in 2023. Subsequently, projects like Bitcoin Cash (BCH) and Ethereum Classic (ETC) are pumping their prices. However, their growth rate is no match for Collateral Network’s (COLT) presale success.
Bitcoin Cash (BCH) Sees Increase In Trade Volume
Recently, through its Twitter handle, Bitcoin Cash announced that its network was witnessing a rise in trading volume. Many experts have linked the announcement to the recently launched CashTokens upgrade of Bitcoin Cash.
However, the same positive sentiment is absent in the price movement of Bitcoin Cash. The market value of Bitcoin Cash has slumped by 4% in the past month. Hence, the current trading price of Bitcoin Cash (BCH) has come down to $114.89. The market capitalization of Bitcoin Cash has also dipped from $2.5 billion to $2.2 billion in the last seven days. By market capitalization, Bitcoin Cash is in the 29th position.
Ethereum Classic (ETC) Hopes For A Rebound
After witnessing a rise in April for a brief period, Ethereum Classic has struggled to maintain its positive momentum. Ethereum Classic has witnessed downfalls in its price at regular intervals in recent weeks. Consequently, the market value of Ethereum Classic has nosedived by 8% in the past month.
Currently, Ethereum Classic (ETC) is available to trade at $18.28. At present, Ethereum Classic’s price is 90% below its all-time high of $176.16. However, the Ethereum Classic community is hopeful for a price rebound due to the network’s growing trading volume. Experts believe that an increase in the trading volume may provide a much-needed push to Ethereum Classic’s price.
Collateral Network’s (COLT) Real-World Utility Gets Lauded
Collateral Network has expanded the crowdlending market by reinventing peer-to-peer lending and disrupting the pawnbroking industry. Collateral Network allows people to unlock liquidity against their real-world assets.
To get liquidity on Collateral Network, people can use a wide range of assets, such as rare wines, cars, luxury watches, and others. Once borrowers send their assets to Collateral Network, the platform uses artificial intelligence to assess the authenticity and value of borrowers’ assets., Afterward, the platform mints NFTs (non-fungible tokens) against these assets and fractionalizes them, enabling multiple lenders to provide liquidity by purchasing these fractions.
Collateral Network keeps all collateralized assets safe in its vaults until the settlement of loans. After the repayment of loans, borrowers get their assets back. But if a borrower defaults, the investors’ fund is recovered through the auctioning of distressed assets.
On Collateral Network, borrowers get liquidity at competitive rates, and lenders receive passive income in return for providing the needed liquidity. Collateral Network uses 2FA security options. The contractual information is stored in the NFT metadata on a public blockchain.
The presale price of COLT tokens has surged from $0.01 to $0.014. Analysts believe that the value of COLT tokens will jump to $0.35 by the end of the presale. Collateral Network’s COLT tokens are selling out fast. So, hurry and don’t miss out on the 100X profit opportunity.
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