Although the crypto market has a bearish outlook, the presale of a new project, Collateral Network (COLT), has started to attract whales in large numbers. Investors are putting their money into Collateral Network (COLT), which is expected to grow 35 times. Meanwhile, some investors are also evaluating the market performances of Litecoin (LTC) and Binance (BNB).
Summary
Litecoin (LTC) Shows Signs Of Growth Momentum
Despite its bearish performance, many investors continued to trade Litecoin (LTC) in the last week. Thus, Litecoin (LTC) was able to maintain healthy transaction growth. Recently, the Litecoin (LTC) foundation revealed that it had processed a total of 138 million transactions in just ten days, boosting positive sentiments for investors. As a result, the price of Litecoin (LTC) witnessed a rise of 8% in the last week. Currently, Litecoin (LTC) is being traded at $70.33, which is 83% below its all-time high of $412.96.
Litecoin (LTC) was created in 2011 by forking Bitcoin (BTC). Litecoin (LTC) is similar to Bitcoin (BTC) but works on a different algorithm. Litecoin’s (LTC) primary goal is to become a medium for daily transactions. Litecoin (LTC) offers faster transactions than Bitcoin (BTC).
Binance (BNB) Falls In Red Zone
The recently-occurred FTT fiasco has caused dark clouds on the growth prospects of Binance (BNB). Therefore, investors are taking precautions before making investments in Binance (BNB). Consequently, the value of Binance (BNB) has tumbled in the last few weeks. The price of Binance (BNB) has witnessed a fall of 22% in the last 30 days. The current trading price of Binance (BNB) is $243.01.
Binance (BNB), the world’s largest cryptocurrency exchange, was developed for trading and paying fees on the Binance exchange. Binance (BNB) was launched in 2017, and can also be exchanged or traded for other cryptocurrencies.
Collateral Network (COLT) Blasts For 35x Growth
Collateral Network (COLT) is the world’s only blockchain-powered platform for lending and borrowing cryptocurrencies. Collateral Network (COLT) allows borrowers to take loans against their real-world physical assets on the blockchain. Collateral Network (COLT) has multiple use cases. It enables users to borrow cryptocurrencies against their physical assets without selling them.
Collateral Network (COLT) mints fractional NFTs against real-world physical assets owned by borrowers. By purchasing these fractional NFTs, Collateral Network’s (COLT) investors fund the loans for borrowers. Another benefit Collateral Network (COLT) users get is they can borrow on the platform within 24 hours without leaving any footprint on their credit history.
Collateral Network (COLT) offers several benefits to lenders. On this Ethereum-based platform, people can lend funds by purchasing fractional NFTs. The price of these NFTs remains stable as they are backed by real-world assets, making Collateral Network (COLT) immune to market speculations and hype.
The platform also allows investors to provide fractional loans to borrowers at a fixed interest rate. Moreover, lenders will be entitled to receive a fixed income every week on Collateral Network (COLT). Besides, the liquidity pool of the platform is locked for 33 years.
COLT is the native token of the Collateral Network (COLT) ecosystem, which consists of Marketplace, Auctions, and Crowdlending. The starting trading price of COLT tokens during the presale will be $0.01. Market analysts predict that the value of Collateral Network (COLT) will rise by 35x in the next six months.Â
The whitepaper of Collateral Network (COLT) states the platform will supply a maximum of 1,400,000,000 COLT tokens, of which just 50% will be available to purchase during the presale. COLT token holders will get several benefits, including access to the VIP members club, voting rights, and discounts on borrowing and trading fees.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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