The post Bulls’ Push Ignites Collateral Network (COLT) to New Heights, Outshining Tezos (XTZ) and Shiba Inu (SHIB) appeared first on Coinpedia Fintech News
Cryptocurrency has taken the world by storm, and many are trying to find the next best thing to invest in. Tezos (XTZ) and Shiba Inu (SHIB) were once considered the next big things, but they have since struggled to maintain their value. Collateral Network (COLT), on the other hand, is quickly gaining momentum during its presale phase with a 40% increase in price already and outshining both Tezos (XTZ) and Shiba Inu (SHIB).
Tezos (XTZ) Foundation and Google Cloud Join Forces to Boost Web3 Development on Tezos Blockchain
In a bid to hasten the development of Web3 applications on the Tezos (XTZ) blockchain, the Tezos (XTZ) Foundation has partnered with Google Cloud. The collaboration will see Google Cloud function as a Tezos (XTZ) network validator (also known as a “baker”), while Tezos (XTZ) will provide support to Google Cloud’s enterprise customers in deploying XTZ nodes, thereby bolstering Web3 innovation on the blockchain.
Despite this collaboration being a step in the right direction, it is worth noting that Tezos (XTZ) has not made significant progress in recent times. Adoption and development have been problematic, and the Tezos (XTZ) blockchain protocol has not demonstrated the reliability, scalability or security required for institutional adoption and mass-market potential.
Shibarium Update Launches to Enhance Shiba Inu (SHIB) Transaction Speed and Token Burning Capability
Shiba Inu (SHIB) has been a speculative coin that is susceptible to price manipulation, with investors frequently pumping and dumping its value. Although Shiba Inu (SHIB) has been experiencing consistent gains since the beginning of the year, it encountered some pressure last month. The Shiba Inu (SHIB) capacity to deliver speedy transactions at a reduced cost has been greatly enhanced following the implementation of the Shibarium update.
The update is also expected to burn more tokens derived from fees and cut down on the maximum SHIB coin supply. However, the fact that Shiba Inu (SHIB) has been a meme coin for a long time may make it difficult for Shiba Inu (SHIB) to be taken seriously as a viable investment option.
Collateral Network (COLT) Revolutionizes Crowdlending Industry with Asset-based Fractionalized NFTs
Collateral Network (COLT) has brought an innovative approach to the peer-to-peer crowdlending sector, by granting loans against tangible assets. It lets people borrow money by using their real-world assets, like rare whiskey, diamonds, luxury cars, gold, and others, as collateral.
Collateral Network (COLT) mints non-fungible tokens that are backed by the tangible assets of borrowers. This 1-to-1 asset backing makes Collateral Network (COLT) NFTs secure and stable. These NFTs are then fractionalised, allowing lenders to fund loans for borrowers by buying portions of the NFTs and granting themselves a weekly fixed interest income on Collateral Network (COLT).
Collateral Network (COLT) allows people to take loans on the platform at lower interest rates. COLT holders will enjoy voting rights and access to online auctions of distressed assets organized by Collateral Network (COLT). The first stage of the Collateral Network (COLT) presale is sold out, and its price has increased to $0.014 from $0.01 in just one month.
Experts have forecasted that COLT tokens will conquer the price of $0.35 by the end of the presale. Users can also bag a hefty amount of additional income by staking their COLT tokens. The smart contract of Collateral Network (COLT) tokens has been fully audited, and team tokens will remain locked for 2 years. The platform’s liquidity pools will also have a lock-in period of 33 years.
While Tezos (XTZ) and Shiba Inu (SHIB) were once considered the next big things, they have since struggled to maintain their value. Collateral Network (COLT), on the other hand, is quickly gaining momentum and outshining both Tezos (XTZ) and Shiba Inu (SHIB). The Collateral Network (COLT) revolutionary approach to the credit industry and its unique features and advantages make it a viable investment option for anyone looking to invest in promising startups.
Find out more about the Collateral Network presale here:
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