Why Are Whales Accumulating Collateral Network And Investors Leaving Filecoin And Aave ? See What Experts Say

Collateral Network (COLT) is the talk of the town as its early buyers are expected to make a fortune with the project’s presale growth rate expected at 3500%. At this pace, Collateral Network (COLT) is set to give 100x profit to its investors when it launches on major crypto exchanges. Thus, the presale tokens of Collateral Network (COLT) are selling out fast. On the contrary, long-standing projects like Filecoin (FIL) and Aave (AAVE) are no longer in the race to the top. In this article, we will learn about the latest events pertaining to Filecoin (FIL), Aave (AAVE), and Collateral Network (COLT).

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Filecoin’s (FIL) FEVM Fails To Attract New Users

According to recent data by Santiment, the development activity on the Filecoin (FIL) network declined in March. It is contrary to the expectation of the Filecoin (FIL) community, which was hoping the cryptocurrency to rise after the launch of the Filecoin Ethereum Virtual Machine. While FEVM was a pivotal development in Filecoin’s (FIL) journey, its launch has failed to trigger bullish activities on the network, resulting in a fall in its price. The market value of Filecoin (FIL) has plummeted by 9% in the past month. At press time, Filecoin (FIL) was down by 1% on the weekly chart, changing hands at $5.57. Market experts say that unless Filecoin (FIL) increases development activity on FEVM, its growth momentum may not be able to find stability.

Aave (AAVE) Increases Its User Base

Ranked 48th by market capitalization, Aave (AAVE) has been moving in a northward direction for the last few weeks. The market value of Aave (AAVE) has increased by 9% in the last week, and 4% on the monthly chart. As a result, Aave (AAVE) is currently trading at $78.70. Aave’s (AAVE) recent rise can be accredited to its foray into other layer-1 and layer-2 solutions. In the latest event, Aave (AAVE) announced deploying its Version 3 on Binance Chain. This is expected to help Aave (AAVE) tap a large user base of Binance. However, not everything is green for Aave (AAVE), as the blockchain has witnessed a drop of 8% in its revenue in the last week of March. The number of daily active users on the Aave (AAVE) network have also been declining.

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Market Analysts Predict Big About Collateral Network (COLT)

Taking a loan against physical assets has never been easier. The entry of Collateral Network (COLT) has disrupted the credit market, and pawnbroking industry. Collateral Network (COLT) aims to be the world’s first decentralized platform where borrowers can unlock liquidity from real-world assets on the blockchain.

Collateral Network (COLT) accepts real-world assets as collateral for loans and creates fractional NFTs against them. Lenders can purchase these NFTs to provide the funds for loans. Lenders get a fixed weekly income on Collateral Network (COLT). The ecosystem of Collateral Network (COLT) boasts three key elements: Crowdlending, Marketplace, and Auction.

COLT, the native crypto of the network, is built on the Ethereum blockchain, and the token smart contract has been fully audited. Collateral Network (COLT) also boasts experienced doxxed and KYC-audited team members. Collateral Network investors can stake their tokens to yield a passive income.

The market value of Collateral Network (COLT) tokens was $0.01 but has already risen to $0.014, and according to experts is likely to jump to $0.35 in the coming months. So far, the project has raised over $450k. As the developers of Collateral Network plan to release only 38% of total COLT tokens during the presale, whales are queuing to ensure they don’t miss out on this opportunity. The VIP members club of Collateral Network will be open only to presale COLT holders.

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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