Following one of the biggest crypto scandals of all time, a new team is looking to rebuild the FTX (FTT) exchange. Although the FTX has yet to reopen, the team is doing a great job recouping money stolen by former executives. Meanwhile, Baby Doge Coin (BabyDoge) and Collateral Network (COLT) are expected to surge in value as the memecoin market continues to boom.
>>Register For COLT Presale Here<<
Collateral Network (COLT) Predicted To Surge As Presale Momentum Builds
Collateral Network caught the attention of market analysts after its presale increased in price by 40%. Its value is expected to rise again in May, which has caused thousands of investors to buy COLT tokens over the past week.
Collateral Network offers great utility with a unique use case and long-term roadmap. Using the Collateral Network (COLT) platform, individuals can unlock liquidity from high value assets, including supercars, yachts, fine wines, fine art, and more. They can do so by minting their asset as a fractionalized NFT and taking a loan against it.
Once minted, investors can lend funds for a fixed passive income. This one-of-a-kind application is expected to disrupt the crowdlending sector, offering a more streamlined borrowing and lending experience.
Collateral Network is in stage one of its presale, with one token selling at $0.014. Token value is predicted to hit $0.35 before the Collateral Network presale ends, offering a 35x return for early investors. With just 38% of the token supply being sold to the public, analysts believe COLT tokens could surge an additional 100x once they hit mainstream exchanges.
FTX (FTT) Recoups Money From Former Executives
The FTX (FTT) team is currently on a mission to recover lost investor funds. In early April, The price of FTX (FTT) almost doubled following rumors that $7.3 billion in cash and crypto assets were recovered.
New reports suggest that FTX (FTT) has recovered an additional $3.2 billion in payments made to the exchange’s former executives, as well as an additional $460 million investment made by Alameda Research.
This development is a huge win for FTX (FTT) and could potentially help the exchange recover in the next year. That being said, investors still have little hope for its recovery, with the price of FTX (FTT) decreasing by 10.46% in the last five days. One FTT (FTX) token is now worth $1.44, down significantly from its price of over $36 one year prior.
Baby Doge Coin Dips But Analysts Predict A Surge
Baby Doge Coin (BabyDoge), a spinoff of Dogecoin (DOGE), is expected to rise in value in May despite its recent price declines. Since the start of the month coin has decreased in value by 12.68%, even though many memecoins have increased in value. Nonetheless, at just $0.000000002402 per token, investors are buying more coin as many speculate a price rise.
In the last 24 hours, BabyDoge trading volume has risen by 7.68% and the number of holders has increased, with 11,239 unique addresses holding BabyDoge at the time of writing.
Unlike many other memecoins that are purely built around hype, Baby Doge Coin (BabyDoge) looks to spread awareness about animal adoption. This gives Baby Doge Coin (BabyDoge) a unique advantage over its competitors, with more potential for coin to scale in the future.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Twitter: https://twitter.com/Collateralnwk
