There are winners and losers in the blockchain space, and investors are always looking for the next big project. Recently, analysts have been keeping a keen eye on phase 1 of Collateral Network’s (COLT) presale, which represents a great opportunity for early investors ahead of 35x returns. Let’s review why analysts are favoring COLT over Fantom (FTM) and Elrond (EGLD).

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Collateral Network (COLT)

Collateral Network (COLT) is the world’s first crowdlending platform that uses asset-backed NFTs as collateral for loans. This new system by Collateral Network (COLT) allows borrowers to acquire fast cash payments without impacting their credit scores.

On the lender’s side, they can capitalize on an entirely new asset class and earn interest payments every week — all with just a few clicks.

For example, Mr. Mitty wants to take out a loan of $500 and has identified a piece of art he owns as collateral. He signs up for Collateral Network (COLT), mints an NFT for his artwork, and then lets lenders bid on the loan. He can receive funds in less than 24 hours and pay the lenders back with interest as per the terms of the loan.

The asset-backed NFTs are fractionalized, meaning lenders can own a tiny portion of the NFT, making them more accessible and liquid than ever before. This also provides an opportunity for smaller investors to get involved in asset-backed lending with minimal risk.

Collateral Network (COLT) has a utility token to incentivize users on the platform and unlock premium services, such as reduced fees on the marketplace, discounts on borrowing fees, governance voting rights and more.

The COLT token has just been released to the public via the presale, and analysts are expecting a huge demand. When you consider that Collateral Network (COLT) is bringing much-needed change to the $1.5 billion crowdlending industry, it’s easy to see why analysts are so bullish on the Collateral Network (COLT) project, forecasting that COLT will rise by over 35x during presale.

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Fantom (FTM)

Fantom (FTM) is like the rebel of the smart contract world – while everyone else is content with blockchain technology, Fantom (FTM) said “Nah, we’ll do things our own way.” And that way happens to be using directed acyclic graph (DAG) technology, which gives it some serious speed and scalability advantages.

Fantom (FTM) has seen some adoption from Defi projects that are impressed by its performance, but the blockchain space is highly competitive, and for now, Fantom (FTM) hasn’t been able to gain a significant advantage over competitors.

Fantom (FTM) is down 94% since hitting its all-time high of $3.48 in October 2021. While the whole crypto market is down since then, the performance of Fantom (FTM) has been particularly poor. Analysts suggest that Fantom (FTM) holders can either be patient or swap to Collateral Network (COLT) for a better risk-to-reward ratio.

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Elrond (EGLD)

Elrond (EGLD) is a blockchain platform that uses sharding technology to enable extremely fast transactions, with the potential to process 15,000 transactions per second at just $0.001 per transaction through Elrond (EGLD).

Elrond (EGLD) simply has one of the most powerful infrastructures in the blockchain space, which is why the recent rebrand from Elrond (EGLD) to “MultiversX” is so perplexing. This rebrand represents a shift away from what it’s known for, which could be a sign that Elrond (EGLD) is looking to target retail investors rather than serious developers.

Additionally, Elrond (EGLD) is down nearly 94% from its all-time high. Many analysts feel that this type of performance by Elrond (EGLD) isn’t worth the risk involved and are instead opting to invest in Collateral Network (COLT) and other projects with better risk-to-reward ratios.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

The crypto market has been a rollercoaster of successes and failures in the past few months. For example, Collateral Network (COLT) has been attracting a lot of attention from investors during the presale, with forecasts that COLT is set for 35x returns from its initial price of $0.01, while Fantom (FTM) and Helium (HNT) have continued to make new lows not seen for months. Let’s review why all of this is happening.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT)

Whether you need to borrow funds or want to earn interest payments for lending, Collateral Network (COLT) is a decentralized platform that allows users to do both. The magic of the Collateral Network (COLT) platform lies in the use of asset-backed NFTs that are used as collateral for loans.

This new system by Collateral Network (COLT) bridges the gap between the digital world and the physical world, as Collateral Network (COLT) users can mint NFTs that represent real-world assets — whether that’s artwork, watches, or vintage wine — to secure loans.

By leveraging their physical assets, borrowers can receive instant cash payments without leaving a footprint on their credit score. Those looking to earn some extra money can become lenders and receive weekly interest payments.

Smart contracts within Collateral Network (COLT) automate the entire process so that lenders don’t have to worry about non-payment or counterparty risk. Plus, with no middlemen or banks to go through, the whole process is streamlined and incredibly cheap.

Momentum is in building in phase 1 of the Collateral Network (COLT) presale, with investors from all over the world clamoring to get their hands on COLT before it hits the exchanges and surges by 3500%. Collateral Network (COLT) holders can receive staking rewards, get governance rights, and pay fewer fees — all of which make for a compelling investment case.

>>BUY COLT TOKENS NOW<<

Fantom (FTM)

Fantom (FTM) is a smart contract platform with a difference — it uses directed acyclic graph (DAG) technology instead of regular blockchain technology. Fantom (FTM) helps to reduce transaction times and costs, creating a faster and more efficient platform for transactions. Fantom (FTM)

Fantom (FTM)has been a major draw for the Defi industry, which is looking for faster and more efficient solutions as the sector continues to expand. Covalent, Ankr, and Chainlink are three of the many projects currently using Fantom (FTM) technology.

However, while Fantom (FTM) is slowly being adopted by the sector, its price remains bearish —down 94% since hitting $3.48 in October 2021. This has been attributed to bear market conditions, as well as increased competition from other projects – if Fantom (FTM) can overcome this, it stands a strong chance as a top contender for 2023.

>>BUY COLT TOKENS NOW<<

Helium (HNT)

Helium (HNT) is a decentralized network that is focused on IoT (internet of things) devices. The aim of the Helium (HNT) project is to create an open, low-cost wireless network that can be used by anyone to connect and share data.

There are currently 981,021 Helium (HNT) hotspots around the world, creating a powerful network that is growing every month. T-Mobile is one of the biggest investors in Helium (HNT), as they are also looking to leverage this technology to provide innovative services.

Despite this impressive adoption rate, the Helium (HNT) price remains bearish — down 97% since hitting $55.22 in October 2021. A lot of this can be attributed to the bear market conditions, but also a lack of news from the Helium (HNT) project – if new developments are continued, then Helium (HNT) is set to surge as demand in the current market increases.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

President Muhammadu Buhari has congratulated Bola Tinubu, for being declared the winner of Nigeria’s 2023 presidential election by the Independent National Electoral Commission (INEC) on Wednesday.

Buhari, who shared his congratulatory message via social media, described Tinubu as “the best person for the job”, promising to “work with him and his team to ensure an orderly handover of power.”

The president spoke amid public outcry and reports by both local and international election observers that the presidential election lacks credibility. Though Buhari acknowledged that there have been irregularities, including the failure of INEC to transmit results electronically, he said the outcome of the election reveal that democracy is ripening in our country.

He added that none of the issues registered represent a challenge to the freeness and fairness of the elections.

The president, who had in the buildup of the election, vowed to ensure that Nigeria has free and fair election, urged the public not protest the result.

The trio of Labour Party (LP), the Peoples Democratic Party (PDP) and the New Nigerian Peoples Party (NNPP) have rejected the outcome of the election, calling for cancellation of the presidential polls and the resignation of INEC Chairman Mahmood Yakubu.

Buhari said “if any candidate believes they can prove the fraud they claim is committed against them, then bring forward the evidence.” Failure to do so he said, “then we must conclude that the election was indeed the people’s will.”

Read the full statement below:

I congratulate His Excellency Bola Ahmed Tinubu on his victory. Elected by the people, he is the best person for the job. I shall now work with him and his team to ensure an orderly handover of power.

The election was Africa’s largest democratic exercise. In a region that has undergone backsliding and military coups in recent years, this election demonstrates democracy’s continued relevance and capability to deliver for the people it serves.

Within Nigeria, the results reveal democracy’s ripening in our country. Never has the electoral map shifted so drastically in one cycle.

In the presidential elections, States in all regions across Nigeria changed colour. Some amongst you may have noticed my home State among them. The winning candidate did not carry his own home State either. That happens during a competitive election.

Votes and those that cast them cannot be taken for granted. Each must be earned. Competition is good for our democracy. There is no doubt the people’s decision has been rendered in the results we look at today.

That is not to say the exercise was without fault. For instance, there were technical problems with electronic transmission of the results. Of course, there will be areas that need work to bring further transparency and credibility to the voting procedure.

However, none of the issues registered represent a challenge to the freeness and fairness of the elections.

I know some politicians and candidates may not agree with this view. That too is fine. If any candidate believes they can prove the fraud they claim is committed against them, then bring forward the evidence.

If they cannot, then we must conclude that the election was indeed the people’s will – no matter how hard that may be for the losers to accept. If they feel the need to challenge, please take it to the courts, not to the streets.

To take to the streets means they are not doing it in the interest of the people, but rather to inflame, to put people in harm’s way and all for personal, selfish gains.

After a degree of polarization that necessarily accompanies any election, it is now time to come together and act responsibly. I call on all candidates to remember the peace pledge they signed just days before the election.

Do not undermine the credibility of INEC. Let us now move forward as one.

The people have spoken.

God bless the Federal Republic of Nigeria.