Collateral Network: 40% Price Increase

Collateral Network (COLT)

Experts believe Collateral Network (COLT) will surge soon, and it’s not difficult to see why. With a unique lending approach, the Web3 challenger is lowering the barrier for anyone looking to unlock liquidity through the physical assets they own. The best part is that borrowers don’t have to sell these assets thanks to the Collateral Network (COLT) unique fractionalization technique.

For instance, if you have a cellar of aged wines worth $25,000 and you need to access cash without selling them, with Collateral Network (COLT), you can borrow against your bottles of wine as collateral.

To do this, you send your wine bottles to Collateral Network (COLT), which will mint a 100% asset-backed NFT to represent them. The NFT will then be fractionalized into smaller pieces, allowing lenders worldwide to provide liquidity in exchange for holding a piece while earning a fixed interest rate.

Collateral Network (COLT) also has a failsafe in place for loan defaulters. They hold exclusive online auctions for distressed assets, allowing investors to buy valuable assets below market value.

Other perks of Collateral Network (COLT) include reduced borrowing costs, staking rewards and first access to auctions. With the price currently at $0.014 in its presale stage two, Collateral Network (COLT) is set to surge up to $0.35 soon, and experts are already calling it a promising investment in 2023.

Arbitrum (ARB)

Arbitrum (ARB) price declined 2.77% in the previous 24 hours, possibly due to the AIP-1.05 proposal’s rejection. The Arbitrum (ARB) Foundation moved cash without community permission in March, prompting the proposal to restore 700 million ARB governance tokens to the DAO Treasury.

However, 84% of voters decided against the proposal. Some large Arbitrum (ARB) holders opposed the move, arguing it may slow ecosystem growth.

The proposal’s rejection has triggered a governance dispute between the Arbitrum (ARB) community and the Arbitrum (ARB) Foundation. The Arbitrum (ARB) Foundation has faced backlash before, and its initial governance attempt, AIP-1, was criticized too.

To re-establish community dialogue, the Foundation has launched a new set of improvement proposals. However, investors may worry about Arbitrum (ARB) ecosystem governance, causing the ARB token price to drop.

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Tron (TRX)

The price of Tron (TRX) dropped after Binance US announced that it would delist the cryptocurrency from its platform. The exchange cited periodic review criteria such as trading volume, liquidity and regulatory standing in the US, among others. Tron (TRX) lost over 5% in value following the announcement.

Interestingly, the news came just hours after rumors circulated about the arrest of Tron (TRX) founder Justin Sun. Sun refuted the rumors with a simple “4” tweet, but the damage was already done.

The delisting news caused Tron (TRX) to drop 5% in a few hours after the announcement and 6.53% in the last three hours. The future of Tron (TRX) may remain uncertain as Sun faces a civil lawsuit filed by the SEC. The SEC charges him over the unregistered offer and sale, manipulative trading and unlawful touting of Tron (TRX) as crypto asset security.

If the decline continues, Tron (TRX) could see a 24% collapse in price and potentially flip its $0.0460 support floor into a resistance level, leading to a 31% drop.

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

*This article was paid for Cryptonomist did not write the article or test the platform.

Source: https://en.cryptonomist.ch/2023/04/28/collateral-network-40-price-increase/