News about Collateral Network – The Cryptonomist

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After the unimpressive market of 2022 dampened investor enthusiasm for cryptocurrencies, the 2023 market has started on a strong note. Things were looking good, but certain major cryptocurrencies, including Bitcoin and Ethereum, are experiencing selling pressure.

However, Fantom (FTM), EOS (EOS) and Collateral Network (COLT) will forever remain reliable investments for weathering the storm in the event of another bear run. For instance, the new lending platform, Collateral Network (COLT), currently has a token price of just $0.014 in its presale and experts forecast price increases of 3500%

>>BUY COLT TOKENS NOW<<

Experts watch as Fantom (FTM) sees a 4.07% decrease in price within 24 hours

While everyone else is comfortable with blockchain technology, Fantom (FTM) seeks another route to the smart contract industry. One method employs directed acyclic graph (DAG) technology, significantly benefiting performance and scalability.

Some DeFi projects have adopted Fantom (FTM) because of its performance; however, the blockchain industry is still young and crowded, and Fantom (FTM) has yet to establish a clear edge.

Positive reports about the Fantom (FTM) network have affected its price, which has helped Fantom (FTM) maintain a strong market base. Fantom (FTM) increased by over 13 percent in the previous week. At the time of writing, the Fantom (FTM) token price is $0.4581, a 4.07% decrease over the last 24 hours.

EOS (EOS) makes it simple for developers to create and launch projects

EOS (EOS) is another initiative that warrants attention amid the competition to build decentralized applications and smart contracts. EOS (EOS), one of the most versatile and scalable projects, continues flourishing.

EOS (EOS) is a distributed operating system with smart contract functionality. This functionality makes it simple for developers to construct and launch their own decentralized applications by utilizing EOS (EOS). One of its most distinguishing characteristics is that the EOS (EOS) platform permits transactions with no associated fees.

Developers continue to be attracted to the EOS (EOS) platform, boosting demand for the native EOS token. This is despite EOS (EOS) having the most recent technology and a community-backed mode.

In the last 24 hours, $152,755,527 has changed hands at the current EOS (EOS) price of $1.09. After a day, EOS (EOS) is down 2.08%. With a current market cap of $1,182,548,426, it is now ranked #44 on CoinMarketCap and there are currently 1,088,851,670 EOS in circulation.

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Collateral Network (COLT) offers low-cost high-reward investment

Collateral Network (COLT) is the first Web3 decentralized peer-to-peer marketplace for real-world assets on the blockchain, and experts predict it will revolutionize the crowdlending sector.

Collateral Network (COLT) allows borrowers to secure short-term loans against valuables such as real estate, wristwatches and collections. To illustrate, imagine you have a $50,000 wristwatch. If you’re a borrower, you can have it authenticated and appraised by sending it to Collateral Network (COLT).

Collateral Network (COLT) then mints a non-fungible token (NFT) representing the watch, backed by the actual item. To facilitate multiple lenders lending smaller sums at a predetermined interest rate, Collateral Network (COLT) fractionalizes the NFT.

After repaying the loan, Collateral Network (COLT) retrieves your asset from its repository and destroys the NFTs. If the borrower defaults, the asset will be put up for auction, with COLT token holders having the opportunity to purchase it at a price lower than its current market value.

In its current presale phase, investors can buy the Collateral Network (COLT) for as little as $0.014. Analysts predict that the initial exchange price for 1 COLT might reach $0.35, giving early investors an estimated profit of 3500%.

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. The Cryptonomist did not write the article or test the platform.


Source: https://en.cryptonomist.ch/2023/05/08/news-collateral-network/