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Most cryptocurrencies are currently trading in the red. However, Litecoin (LTC), Fantom (FTM), and Collateral Network (COLT) have pushed the market in an upward direction.
But the growth rate and projection of these crypto projects are quite different. While Litecoin (LTC) and Fantom (FTM) have posted mediocre growth, Collateral Network (COLT) has made big waves in the market with its presale. The presale growth projection of Collateral Network (COLT) has been pegged at 3500% by market experts.
Litecoin (LTC) Incorporates MimbleWimble
Litecoin (LTC) has been running on a positive growth track for a few weeks. Thus, the price of Litecoin (LTC) is up by 31% on the monthly chart. At the time of writing, Litecoin (LTC) has increased to $92.50. Litecoin (LTC) has taken several measures to increase its user base, and the trade volume on its network to support its market value. Recently, Litecoin (LTC) launched its Litecoin Card Program across Europe.
However, Litecoin (LTC) has faced backlash after incorporating MimbleWimble, a privacy-enhancing protocol, on its network. Some crypto exchanges have indicated delisting Litecoin (LTC) if the latter implements MimbleWimble. Crypto experts believe that a few bad actors can exploit Litecoin’s (LTC) MimbleWimble for illicit purposes like money laundering. If this sentiment persists, Litecoin (LTC) can see a fall in its price in the coming weeks.
Fantom’s (FTM) Development Activity Declines
The Fantom (FTM) bulls are elated after the network recorded more than 50 million unique addresses. This indicates a rise in the adoption of Fantom (FTM), increasing the trade volume on the network. However, there is also a red flag for the Fantom (FTM) network. Although the number of unique addresses has increased, the daily active users count of Fantom (FTM) has plunged in the past few weeks.
Besides, Fantom’s (FTM) development activity has also tumbled, which can cause negative sentiments around the network. But the price of Fantom (FTM) has increased by 37% in the past month. At the time of writing Fantom (FTM) is changing hands at $0.46.
Collateral Network’s (COLT) Presale Performance Wins Whales’ Trust
Having the first-mover advantage, Collateral Network (COLT) aims to disrupt the outdated lending industry. It is the first Web3 crowdlending platform for physical assets. Collateral Network (COLT) helps people use their real-world assets, like vintage cars, gold bars, artworks, and others, as collateral for taking loans.
While banks do not give loans against non-traditional assets, the pawnbroking industry gives cash against tangible assets but at an exorbitant interest rate. Thus, sometimes people have no other option but to sell their assets at a lower market price.
Rescuing people from such loss-causing processes, Collateral Network (COLT) has built a platform that accepts a range of tangible assets as collateral, and provides loans by minting fractionalized NFTs against them.
Collateral Network (COLT) allows its users to become their own banks and borrow and lend on the blockchain. Disrupting the trillion-dollar asset backed lending market Collateral Network removes the red tape and puts this market in hands of the community giving them the power to borrow and lend on the blockchain. With its expected sharp increase, The COLT Token can easily become a future blue-chip crypto
Led by an experienced Crypto Developer, Collateral Network (COLT) has been audited, and a KYC passed. Moreover, the platform will lock in team tokens for 2 years and liquidity for 33 years. All these measures ensure the security and safety of the platform.As well as this, COLT holders enjoy staking rewards and governance rights on the platform, among other benefits.
At present, a presale COLT token can be bought at $0.014, with a whopping 40% bonus offer. The market price of COLT has been forecasted to rise to $0.35 during the presale.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
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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