Aptos Price Spurs 7% Following Elon Musk Tweet, Collateral Network Ready For 3500% Growth

The cryptocurrency market has seen a decline over the last week, likely due to the rejection of BTC at the psychological barrier of $30k. It’s also plausible that traders are banking profits and ‘selling the news’ about the Shapella upgrade, as ETH pushed the crypto market higher on the run up and then dipped on the 19th of April.

Meanwhile, Elon Musk accidentally pumps Aptos with a tweet that was actually about Advanced Persistent Threats and AI, not $APT. All $APT gains have since been erased, just like Musk’s tweet.

On a brighter note, Collateral Network ($COLT) is a new decentralized lending platform, currently in presale, that will allow people to get loans by using their physical assets as collateral and leveraging NFT technology.

>>BUY COLT TOKENS NOW<<

Is Elon Musk’s Power Too Great?

On April 6th Musk tweeted “AI APT OTT”. Although many fans were baffled, the crypto community took this as some kind of bullish message about Aptos. Within minutes the Aptos coin had surged by 7.4%. Within about an hour the text was deleted. It was revealed that APT in that context, is an acronym for Advanced Persistent Threats.

APTs are often funded by countries or large organizations. Two of the most well known are Stuxnet and Hydraq. Stuxnet, effectively disabled Iran’s nuclear program in order to make it harder for the country to profit from uranium.

Presumably, Musk was protesting about the dangerous nature of AI, as he recently spoke up to criticize it for its potential for destruction. Musk seems to be on the pulse as KimDotCom just posted a Twitter poll about what people think will destroy the world first, and AI came as a close second to nuclear war.

Whilst Musk’s point about AI may be valid, this is not the first time that Musk has affected crypto prices with his cryptic tweets; he has often been accused of market manipulation with DOGE and SHIB. His most recent action was replacing the blue bird from Twitter with the Shiba Inu of Dogecoin. As the CEO of Twitter, he has even more influence than before.

Why Are People So Excited About Collateral Network?

In a world where banks are either collapsing or being bailed out, stepping away from TradFi has become ever more pertinent. Collateral Network is a new DeFi platform that allows people to easily unlock funds from their assets. Likewise, enabling ordinary investors to become lenders, and receive good interest rates for their money.

In doing so, Collateral Network cuts out the need for loans from banks and other lenders who invade privacy, are slow and charge excessive rates of interest. Although pawnbrokers still exist, there is a stigma attached, that is not present with Collateral Network and its digitisation and fractionalisation of alternative assets such as jewelry, art, wine, watches and more.

This is all achieved by borrowers pledging their physical assets as collateral. Then, NFTs are used to represent the assets before offering those NFTs as fractions to those who are looking for an alternative way to store their money and earn income. In a nutshell, borrowers can raise loans quickly while lenders can benefit from becoming ‘mini banks’ and earning passive income.

Furthermore, as the lenders (investors from the COLT community) can store the fractionalized NFTs in their own wallets, Collateral Network offers them true decentralization and control over their investments. Unlike purchasing gold, which is usually costly to store and managed by a higher authority.

Collateral Network is disrupting the lending industry and also offering an opportunity for investors to buy its native token COLT. COLT will have a myriad of use cases, including securing better rates of interest for holders and providing passive income through staking. Those who buy COLT in the early stages of presale will also get VIP access to distressed asset auctions.

COLT is currently for sale at $0.014 and according to the Collateral Network Telegram group it will have a minimum launch price of $0.5. But experts predict it may rise as much as 35x by the end of presale, and soar by 100x when it gets listed on major DEXes and CEXes.

>>BUY COLT TOKENS NOW<<

How to Buy COLT

You can buy $COLT by going to their website. You will need a wallet such as MetaMask, and instructions are provided by Collateral Network through a quick video.

COLT can be bought using BTC, ETH, BNB, USDT, SOL, SAND, MANA, DOGE, or SHIB.

Conclusion

APT’s pump was short lived as crypto twitter saw Musk’s tweet disappear and with it the gains as well, leading many to question if the amount of power he wields is a good thing or not. Aptos is currently down on the weekly and monthly.

The overall crypto market is down due to US regulatory fears and also due to profit-taking from the Shapella ETH upgrade.

Amidst all of this, Collateral Network’s COLT is already up by 40% since beginning presale, with much more upside to come.

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

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