The post What Is Collateral Network (COLT) – A Project With 100x Growth Potential? ApeCoin (APE) And Axie Infinity (AXS) Face Bears appeared first on Coinpedia Fintech News
The market has turned upside down in the last year with several long-standing cryptocurrencies crawling, while new and real-world utility-based projects are dominating the market. A new project, Collateral Network (COLT), has made a big impact on the market bulls with its presale performance, and overall growth potential.
Meanwhile, other projects like ApeCoin (APE) and Axie Infinity (AXS) have failed to trade in the green zone. In this article, we will analyze why Collateral Network’s presale is selling out fast, while investors are leaving ApeCoin and Axie Infinity behind.
ApeCoin Sees Increase In Network Growth
According to the latest report by Santiment, ApeCoin’s network growth has increased in recent weeks. The number of new addresses has also spiked on the ApeCoin network. It indicates that ApeCoin has attracted retail investors in recent months. Experts believe that increased activity on the network often results in a price surge.
However, the ApeCoin community is yet to see any positive movement on the price chart. The price of ApeCoin (APE) has dipped by 12% in the last week. This has caused the trading price of ApeCoin (APE) to fall to $3.98. Meanwhile, ApeCoin recently passed a proposal aimed at donating $1 million for the development of the Ethereum blockchain.
Axie Infinity Unlocks Over 18 Million Tokens
Axie Infinity has recently unlocked 18.89 million tokens. Since unlocking events generally come with a bearish effect, the price of Axie Infinity (AXS) has plummeted by more than 14% in the past week. Consequently, at the time of writing, Axie Infinity is changing hands at $7.95.
According to the data from TokenUnlocks, recently unlocked tokens amount to 7% of the total supply of Axie Infinity. On the sidelines, Axie Infinity’s developers at Sky Mavis have signed deals with new creator studios to set up an ecosystem around the blockchain-based game. Experts believe that recent partnerships by Sky Mavis will increase the trade volume involving Axie Infinity, leading to an increase in AXS’s price.
Collateral Network – A Big Name In The Crowdlending Arena
Using NFT technology and artificial intelligence, Collateral Network enables borrowers to unlock liquidity from their real-world assets. It is the world’s first Web3 platform that mints and fractionalizes non-fungible tokens against borrowers’ physical assets to help them borrow funds. Therefore, Collateral Network makes taking loans more accessible by eliminating red-tapism and geographical boundaries.
Borrowers can send their assets to Collateral Network. Next, the platform evaluates and authenticates collateralized assets, and stores them in secure vaults. Collateral Network’s fractionalized NFTs are sold in a decentralized marketplace, where multiple investors can purchase them to fund loans at fixed interest rates and receive a weekly income.
All Collateral Network NFTs are 100% backed by tangible assets like diamonds, gold, fine wine, and many others. Collateral Network has also employed 2FA and boasts high-security features.
Collateral Network’s (COLT) tokens are currently available at $0.014 during the ongoing presale. COLT holders will be able to yield passive income via staking their tokens, besides availing discounts on transaction fees. Collateral Network investors will also receive voting rights on critical matters, and can participate in online auctions of distressed collateralized assets. Presale COLT owners will get exclusive entry to the VIP members club too.
Since the platform has massive growth potential, early COLT buyers are anticipated to get a 35x return on their investment during the platform’s presale phase. Moreover, the market value of Collateral Network is forecasted to jump by 100x after its launch on leading crypto exchanges.
As we all know, getting in early in a good presale is the best way to generate profits. With Collateral Network, you would be doing just that, even buying a possible blue-chip coin for an incredible value.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Find out more about the Collateral Network presale here:
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