Arbitrum (ARB) Users Claim 42M ARB Tokens, Collateral Network (CO…

This week, Arbitrum (ARB) users claimed 42 million ARB tokens, Collateral Network (COLT) sold millions during its presale and Ripple (XRP) made a comeback after several months of decline. Of these events, Collateral Network (COLT) attracted the most headlines, with investors flocking to secure discounted COLT tokens before the official launch at a price of only $0.01and as the token has a 35x estimated price increase. Let’s review each of the stories in turn.

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Arbitrum (ARB)

Arbitrum (ARB) is a layer-2 solution crafted to facilitate trustless transactions on the Ethereum (ETH) network without reliance on a centralized entity. Recently, Arbitrum (ARB) carried out a token airdrop, distributing free tokens to Arbitrum (ARB) holders who had staked their coins.

However, Arbitrum (ARB) holders didn’t handle the newly distributed tokens for long, quickly trading them on decentralized exchanges for a guaranteed profit. This sell-off saw the Arbitrum(ARB) price fall from $10.29 to just $1.00 within two hours. Arbitrum (ARB) is currently trading at $1.19.

There is speculation surrounding where Arbitrum (ARB) goes from here. Despite the sharp fall in price after the Arbitrum (ARB) airdrop, some analysts are predicting a rebound for Arbitrum(ARB), with the possibility to move back toward the $10.00 level.

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Ripple (XRP)

The once-dominant Ripple (XRP) appears to be making a striking return to prominence. In fact, Ripple (XRP) has pumped by over 60% in the past 14 days as institutional buying continues to pick up.

The catalyst for this Ripple (XRP) price boost seems to be related to the ongoing lawsuit from the Securities and Exchange Commission (SEC). Rumors are emerging that Ripple (XRP) could be winning the lawsuit, which would then make Ripple (XRP) a fully compliant digital asset that is free to trade on major exchanges.

The question remains: what’s next for the Ripple (XRP) price? A move toward the $1.00 mark seems plausible, but long-term growth for Ripple (XRP) will hinge on the SEC’s forthcoming decision. With the news of this potential lawsuit settlement, the Ripple (XRP) comeback is looking like it will be here to stay.

Collateral Network (COLT)

Collateral Network (COLT) is breaking new ground in the crowdlending industry by offering a decentralized and global solution for borrowers to unlock the value of their assets in a swift and straightforward manner and allowing a lender community to earn passive income from supplying small amounts of money towards the assets represented by NFTs.

Collateral Network (COLT) allows anyone to act as their own banks, providing fractional loansto borrowers at agreed-upon interest rates, while borrowers on Collateral Network (COLT) tap into the value of their assets on the blockchain without needing to sell them or undergo tedious checks by traditional banks.

The magic behind the Collateral Network (COLT) innovative approach lies in fractionalized NFTs, minted and secured which represent borrowers’ assets, and then fractionally distributed to lenders to crowdfund the loans required by the borrowers. As a result, lenders on Collateral Network (COLT) receive weekly interest payments as the borrower repays the loan back to them. In the event that the loan is not repaid, the asset will be sold at auction which COLT holders can access to purchase the asset at a lower price which ensures lenders’ receive their money back through the sale.

The Collateral Network (COLT) use of smart contracts takes decentralization to new heights, ensuring that the loan agreement is held securely on the blockchain while borrowers and lenders remain anonymous.

Collateral Network (COLT) has captured the attention of the crypto community, with analysts predicting a potential 35x price increase within the next six months. The first phase of the Collateral Network (COLT) presale is now live, offering tokens at an attractive price of $0.01, which appeals to investors and cryptocurrency enthusiasts alike.

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

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.