SPONSORED POST*
This month, the cryptocurrency market has seen a wave of positive news and events. In particular, Ankr (ANKR) scored a major partnership with Microsoft, Collateral Network (COLT) surged in its presale, and Bitcoin (BTC) secured institutional support during economic uncertainty. Of these events, Collateral Network (COLT)’s presale is attracting the most attention, with huge demand during the ongoing presale.
Summary
Collateral Network (COLT)
Collateral Network (COLT) is a Web3 platform that streamlines the lending process by connecting borrowers and lenders in a peer-to-peer crowdlending system. Collateral Network (COLT) bypasses traditional banking methods, enabling borrowers to access money faster and more cost-effectively.
Borrowers on Collateral Network (COLT) can leverage their valuable assets — whether that’s artwork, collectibles, or even wine — to secure a loan without selling them. These assets are then converted into fractionalized NFTs, which then serve as collateral and are stored on the Ethereum (ETH) blockchain.
By tokenizing collateral in this way, Collateral Network (COLT) enables lenders to contribute to individual fractions of the loan. This opens up the lending industry to a wider range of participants who would otherwise be unable to provide large sums of money for a single loan.
The platform’s native token, COLT, facilitates payments and fees within Collateral Network (COLT). By holding COLT tokens, users can receive passive income returns, the right to vote on-chain, and access to exclusive deals.
Collateral Network (COLT) has recently launched its presale, offering investors the opportunity to purchase COLT tokens at a discounted price. The response has been overwhelmingly positive, with over $440,000 raised so far and COLT’s value beginning to climb.
Ankr (ANKR)
Ankr (ANKR) is a distributed cloud computing platform that allows users to quickly deploy and manage blockchain applications with minimal effort. The Ankr (ANKR) token itself is used for staking, governance, and a means of payment within the Ankr (ANKR) ecosystem.
This month, Ankr (ANKR) announced a partnership with Microsoft — the first of its kind in the blockchain industry — to provide enterprise-grade node services to clients. The partnership is seen as a major milestone for Ankr (ANKR) and the wider blockchain industry as a whole, demonstrating that mainstream organizations are beginning to recognize the potential of blockchain technology.
Consequently, the Ankr (ANKR) token price has experienced a surge, currently trading at $0.034 per Ankr (ANKR) token — more than doubling since the beginning of 2023. As we see other companies start to recognize the potential of blockchain technology, Ankr (ANKR) could be well-positioned for further growth and reach the all-time high of $0.22 set in 2021.
Bitcoin (BTC)
Bitcoin (BTC) has been a source of stability during uncertain economic times — and this month is no exception. Despite the ongoing bank runs that have seen the likes of Silicon Valley Bank collapse, Bitcoin (BTC) has seen buying activity from larger companies, such as MicroStrategy.
The surge in institutional interest is driving the value of Bitcoin (BTC) higher, with the cryptocurrency, at the time of writing, trading at $28,500 with an eye on $35,000. If Bitcoin (BTC) reaches this figure before the end of the month, then we may be in the middle of a larger Bitcoin (BTC) bull run that eclipses Bitcoin (BTC)’s all-time high of $68,789.
As the US Dollar continues to remain unstable, Bitcoin (BTC) could be the go-to asset class for investors looking for security. It remains to be seen whether Bitcoin (BTC) will reach new all-time highs at the end of 2023, but if institutional support continues to grow as it has done this month, then this is a distinct possibility.
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
*This article was paid for Cryptonomist did not write the article or test the platform.
