The market dominance of Collateral Network (COLT) has been surging as experts have projected growth of at least 3500% during the presale. Holders of Chainlink (LINK) and The Sandbox (SAND) have shedding their tokens to buy COLT tokens before they get sold out.
Chainlink (LINK) Launches NFT Lending And Renting
Chainlink (LINK) has introduced NFT renting and lending on the network. According to the Chainlink team, this new development will provide another source of revenue for developers.
According to Chainlink, this new feature will create new business opportunities, and people will be allowed to lend virtual land and avatars represented as NFTs. Chainlink is currently ranked 21st by market capitalization, and with the current development, it hopes to see an increase in its market standing.
However, the price movement of Chainlink has been abysmal for the past many weeks. The market value of Chainlink has dropped by 13% in the past seven days. Consequently, Chainlink (LINK) is currently changing hands at $7.14.
The Sandbox (SAND) Will Launch New Features In The 2023 Q2
The recent market performance of The Sandbox (SAND) has been extremely bearish, as the metaverse-based project has seen a sharp decline in the number of active users. Subsequently, the trade volume of The Sandbox has also tumbled, pulling the price of The Sandbox (SAND) down by 10% in the past month. Thus, The Sandbox (SAND) is currently trading at $0.59.
However, The Sandbox has released a detailed roadmap for the second quarter of 2023 to turn the tides in its favor. The Sandbox has planned many new features, including ‘Self-publish’ and a new ‘Game Maker,’ in the upcoming months. Meanwhile, The Sandbox has inked deals with many leading educational institutions to open their campuses in its metaverse.
Bulls Join Collateral Network’s (COLT) Growth Charge
Collateral Network (COLT), a Web3 crowdlending platform, is set to revolutionize and disrupt the global lending market. Built on the Ethereum blockchain, the platform enables people to borrow crypto against their physical assets, which act as collateral, on the blockchain.
This challenger lender aims to solve many of the issues inherent with the traditional lending sector today.
The platform is accessible from all geographical regions and allows users to unlock liquidity without impacting their credit files or selling their tangible assets. A wide range of physical assets, such as watches, real estate, jewelry, fine wines, gold, and diamonds can be used. This immediately introduces much needed liquidity for assets that traditionally hold their value well but are illiquid.
COLT is the utility token of the platform and holders of the token receive many perks. Borrowers receive discounts on borrowing fees, lenders receive discounts while using the marketplace. The main perk however is the exclusive access to the auctions for distressed assets, providing an opportunity for the Collateral Network community to pick high value assets at below market value prices.
The price of COLT began at $0.01, and its market price has now increased to $0.014 (40% price increase already!). It is believed that the market price of a COLT token will surge by 3500% to $0.35 by the end of the presale phase.
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