The crypto world has witnessed drastic and sudden fluctuations recently. It has shaken projects like Chainlink (LINK) and Cardano (ADA). However, investors are quite optimistic about Collateral Network (COLT), which has the potential to revive the entire market.
The presale of Collateral Network (COLT) has begun, and is expected to set new market records with a 3500% growth rate. Investors believe that Chainlink (LINK) and Cardano (ADA) are no match for Collateral Network (COLT).
Chainlink (LINK) Refuels Its Growth Engine
Amid the ongoing bearish market phase, Chainlink (LINK) has resorted to new upgrades and partnerships to maintain its growth. Recently, Chainlink (LINK) launched a platform called Chainlink Functions to help developers connect smart contracts or dApps to any Web2 API.
Prior to this, Chainlink (LINK) signed partnerships with leading cryptocurrencies like Avalanche (AVAX) and TrueUSD to expand its ecosystem. Chainlink (LINK) was prompted to take these developmental steps after suffering a continuous fall on the price chart for the last few weeks.
The price of Chainlink (LINK) has fallen by 5% in the last 30 days. As a result, the price of Chainlink (LINK) has come down to $7.63, which is 85.57% below its all-time high of $52.88.
Cardano (ADA) To Enter A New Era
Cardano (ADA) has shared the plans to launch its much-hyped Voltaire Era. This can be described as the fifth major era that the Cardano (ADA) network has undergone since its entry into the market. The Cardano (ADA) previous four eras were Byron Era, Shelly Era, Goguen Era and Basho Era. The Cardano (ADA) community is also cheered by the announcement of the Voltaire Era. However, Cardano (ADA) has suffered a fall on the price chart.
The price of Cardano (ADA) has fallen by 16% in the last 30 days. Consequently, the current trading price of Cardano (ADA) has come down to $0.3999, which is 87.1% below its peak of $3.10. As per the market capitalization, Cardano (ADA) is currently in 7th place.
Collateral Network (COLT) Will Make Its Investors Millionaires - Here’s How
Collateral Network (COLT) is the first-of-its-kind blockchain-based platform, which exclusively works to streamline the process of lending and borrowing cryptos. With Collateral Network (COLT), anybody can get a loan against their physical assets by harnessing the benefits of the blockchain.
Collateral Network (COLT) mints fractionalised NFTs against real-world physical assets, enabling the lenders’ community to fund the loans for borrowers. On Collateral Network (COLT), borrowers can bag a loan against their physical assets within 24 hours. Interestingly, if you take a loan on Collateral Network (COLT), it will not affect your credit history.
These fractionalised NFTs, which are minted by the platform against physical assets, can be purchased by lenders for a small sum of money to raise funding for the loans for borrowers. More importantly, since these NFTs are backed by real-world assets, their price stays immune to negative market sentiments. Collateral Network (COLT) also empowers lenders to become their own banks, and assist in raising money for loans to borrowers at a fixed rate of interest and for a set period of time. Lenders also receive a fixed income every week. Borrowers also have a requirement to pay the loans back to the lenders once raised, where the NFT is burned and asset returned to the borrower if successful, but if unsuccessful, the assets are sold at a public auction so lenders can recoup their money.
The ecosystem of Collateral Network (COLT) is powered by its native crypto, COLT. The presale of COLT tokens has started with a price tag of $0.01. However, market pundits have forecasted that the price of Collateral Network (COLT) will surge by at least 35x in the next six months due to its multiple real-world use cases.
According to developers of Collateral Network (COLT), the platform will make only 38% of the total 1.4 billion tokens available during the presale round. Additionally, presale COLT investors will get access to the VIP members club. They will also get other benefits, including discounts on borrowing and trading fees, staking and voting rights.
Find out more about the Collateral Network presale here: