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Optimism (OP) is one of the hottest new tokens to hit the crypto markets, and it has taken the industry by storm. In fact, Optimism (OP) is up by 11.95% so far in the last seven days.
But analysts have been left stunned as a new token has recently entered the market and has already posted 40% gains during the presale. Let’s take a closer look at this new token and why it is outperforming established tokens like Optimism (OP).
What is Optimism (OP)?
Optimism (OP) allows Ethereum (ETH) to process thousands of transactions per second, significantly improving its ability to handle high transaction volumes. This increase in scalability reduces network congestion and lowers transaction fees.
Optimism (OP) is programmed to work with the Ethereum Virtual Machine (EVM), meaning that developers aren’t forced to learn new languages or frameworks to work with the token. This makes it incredibly attractive for developers looking to build on Ethereum (ETH).
Optimism (OP) has experienced a significant increase in popularity recently, primarily due to the rising demand for Layer-2 scaling solutions. Notably, the Optimism (OP) platform now hosts Coinbase’s newest Layer-2 offering, Coinbase Base. This development emphasizes the potential of Optimism (OP) to play a pivotal role in advancing Ethereum scaling solutions.
In terms of market value, Optimism (OP) is presently trading at $2.44, representing a 174% increase since the beginning of 2023. Market analysts note that the $3.20 level represents strong resistance for Optimism (OP), and a break above this level could open the way for further gains.
The Emergence of a New Token: 40% Gains During the Presale
However, Optimism (OP) is no longer the only token on the rise. A new token called Collateral Network (COLT) has been gaining traction in recent weeks due to its impressive performance during the presale.
Collateral Network is a web3 lending platform that enables anyone to obtain loans against their physical assets using blockchain technology. Collateral Network’s price has increased 40% and is now trading at a price of $0.014 per token.
The reason for Collateral Network (COLT)’s meteoric rise, according to experts, can be attributed to strong fundamentals and the potential to change the billion-dollar lending industry. The standout feature of Collateral Network is the tokenization of real-world physical assets into NFTs that then enables the owners to unlock liquidity of their asset by putting it up as collateral on the platform.
This unique approach allows for loans to be fractionalized in pieces and purchasable amongst a pool of lenders (institutional level liquidity) rather than a single wealthy individual . As such, Collateral Network (COLT) opens the lending market to anyone with internet access and at least $10 to fund a loan for an agreed rate or interest.
Collateral Network (COLT) uses smart contracts to automatically execute the loan process and provide an immutable, transparent record of transactions. The use of blockchain technology also eliminates the need for a middleman or third parties, drastically reducing costs and increasing efficiency.
With its unique use case and promise to revolutionize the billion-dollar lending industry, Collateral Network is the most promising token on the market right now.
Buyers of the token at current prices stand to benefit from huge upside potential. COLT tokens are available for $0.014 during the current phase of the presale and are predicted to rise to at least $0.35 in the coming quarter.
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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