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For investors, the return on their investment matters the most. Therefore, they prefer to become early investors in projects that have massive growth potential. Collateral Network (COLT) is one such project, with its COLT tokens selling out fast due to 35x price predictions, resulting in investors fighting to lock their COLT. Moreover, the gloomy outlook of established projects like Binance (BNB) and Cosmos (ATOM) has fueled more optimism around COLT.
FUD Around Binance (BNB) Soars After The Interpol Notice Rumor
Recently, Binance (BNB) got ambushed by a rumor, which claimed that an Interpol red notice was issued against its CEO, Changpeng Zhao. The Binance (BNB) CEO was quick to respond to this news, and clarified that it was just a rumor, possibly spread by a rival exchange. But the damage was done to Binance (BNB), which witnessed a large outflow of BUSD from the exchange.
This also caused the trading price of Binance (BNB) to take a 1% plunge on the weekly chart. Currently, Binance (BNB) tokens are changing hands at $341.77. Binance (BNB) has been in the negative news for quite some time. Recently, the US regulators also filed a lawsuit against Binance (BNB) and its CEO, deterring investors from investing in BNB.
Cosmos (ATOM) Sees Rise In Trade Activity But Price Plunges
Since the Cosmos (ATOM) network unveiled its v9-Lamba upgrade, there has been an uptick in trade activity on the platform. The upgrade has introduced the “replicated security (RS)” feature on the Cosmos (ATOM) chain. With this development, Cosmos (ATOM) aims to move toward establishing its Interchain Security (ICS) feature. However, the hype around the upcoming launch of Ethereum’s Shanghai Upgrade has lessened the popularity of Cosmos (ATOM).
At press time, Cosmos (ATOM) was mentioned in merely 156 tweets out of the total 1,564,586 social posts in the last 24 hours. Cosmos (ATOM) is trading at 5% below its last month’s value. However, the past week has brought an increase of 3% in the price of Cosmos (ATOM). Cosmos (ATOM) is currently trading at $12.59.
Collateral Network (COLT) Witnesses Record Sales Of Presale Tokens
Collateral Network (COLT) has disrupted the lending industry by bringing it to Web3. Collateral Network (COLT) is the first blockchain platform that mints NFTs against physical assets, like diamonds, fine wines, real estate, and vintage cars. After minting, Collateral Network (COLT) fractionalizes the NFTs to help lenders purchase the NFT fractions representing the assets to fund loans, and become fractional lenders.
Collateral Network (COLT) services are accessible to anyone from all locations and financial backgrounds. On Collateral Network (COLT), borrowers and lenders can finalize the terms for loans without any interference from middlemen.
After the loan is processed, the platform retains the assets in its secured vaults until repayment is settled on the loan, and if this defaults, the distressed asset is then sold at public auction available to be bought at a discounted price. On Collateral Network (COLT), borrowers get loans at competitive interest rates, and lenders receive several benefits in the form of fixed weekly payments, COLT token holders receive staking rewards, and more.
At present, presale COLT tokens can be purchased at $0.014. Since the market price of Collateral Network (COLT) is expected to jump by 3500% during the presale, buyers are trying to lock in as many COLT tokens as possible, before they get sold out. COLT is soon going to be listed on major exchanges, which would result in a rise of more than 100x.
The Collateral Network (COLT) project’s presale is selling out fast so don’t let this opportunity slip through your hands.
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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